Just a coincidence the stock market just plummeted following Biden named #46?

[rawimpact]

:oldlol:

but but 'build back better!"

[Nanners]

cmon man! heres the deal... look you got these firefighters who wanna go work on wall street, but they cant because theres a cat in a cardboard box on the side of the road... and thats how people used to get married, I remember back when you wanted to get married and youd put a gun to a womans head and say "either its you or your poppa, one of yalls gonna get it"

[Off the Court]

Even with this plummet the stock market is still up higher than it ever was under Trump.

[BigKobeFan]

Even with this plummet the stock market is still up higher than it ever was under Trump.

Now i know you live in a basement

[Patrick Chewing]

Even with this plummet the stock market is still up higher than it ever was under Trump.

"Even though you're paying more for everything no matter where you go, you still got a pay raise." :roll:

[Shogon]

https://www.youtube.com/watch?v=BOK0ykU_WR0

Can you guys just ever be honest for once?

Joe Biden is a disaster and the guy doesn't even know where he's at the majority of the time.

But Donald Trump's understanding of inflation and monetary supply is clearly lacking as well.

https://www.forbes.com/sites/billybambrough/2020/03/28/donald-trump-and-the-fed-are-destroying-the-us-dollar/


The beautiful thing about our country is $6.2 trillion—because it is 2.2 plus four [combining the Fed's action and the cross-party rescue bill]—it’s $6.2 trillion, and we can handle that easily because of who we are, what we are," Trump said, speaking after the bill's historic White House signing ceremony, and boasting the package was "twice as large" as any prior relief bill.

The bill will see individuals and companies whose livelihoods and businesses have been affected by the coronavirus pandemic receive direct payments, with every American earning less than $75,000 per year picking up a one off payment of $1,200, as well as $500 per child.

"It’s our money; we are the ones, it’s our currency," Trump said.



Let me break this down for you simpletons.

If you literally doubled the money supply today, June 16th 2022, we would not feel that inflation immediately. It would occur over time like it is happening right now. Right now also coincides with a lot of states raising their minimum wage from laws that have been passed over the past several years, which is arguably a bigger inflation driver than money printing.

Joe Biden is a disaster of a president, and he isn't helping gas prices, but..

1) He does not control gas prices.
2) He does not control the inflation that we are seeing now.

It's also important to note, I am not exclusively blaming Trump either. I am blaming you, the clueless posters on both sides of the aisle that probably make up 90%+ of the voting base that let politicians do this shit in the first place.

We have not had a president in our lifetimes that wouldn't have printed a shit ton of money in the spring of 2020. Not one. Because you all are not willing to accept the fact that bad shit happens in life and life isn't fair. Some of you say you do, but you don't. You want politicians to do something. Congrats, these are the ramifications of them doing something and "taking control."

Congrats, you got it, here it is.

If Trump was still in office, this would still be happening right now. This can't be understated.


Of course, all of you R voters will just ignore this post or give some nonsensical reply because it's just easier to be a lying asshole shouting about Joe Biden than it is to turn your brain on for half a second. I would have thought you would have learned about how stupid that is as Trump got roasted for 5 years for no real reason. Disgusting.

[Off the Court]

You don't need all that text, it's really simple. We over stimulated. We dumped trillions of dollars into the country and now 10% of the US are millionaires. Everyone's net worth sky rocketed. It caused a massive bubble to form in the stock market and that bubble popped. Trump was a big part of this.

This same exact trend is happening in virtually every country on the planet.

I think many understand it isn't Biden but still just want to use this to point at Biden.

[Off the Court]

Congrats, you got it, here it is.

If Trump was still in office, this would still be happening right now. This can't be understated.


Of course, all of you R voters will just ignore this post or give some nonsensical reply because it's just easier to be a lying asshole shouting about Joe Biden than it is to turn your brain on for half a second. I would have thought you would have learned about how stupid that is as Trump got roasted for 5 years for no real reason. Disgusting.
How do we kill tribal retardation? I'm not even taking sides here, the retardation exists on both sides, but it is blinding so many from the realities of so many issues. Everything is a Biden or Trump thing now. Real discussion on issues is an absolute rarity.

[BigKobeFan]

1) He does not control gas prices.
2) He does not control the inflation that we are seeing now.

But he does. When he stops fracking, stops the pipelines, stopped the leases for drilling domestic oil prices, that causes a direct affect in the supply of gas, which leads to higher prices all around

[BigKobeFan]

How do we kill tribal retardation? I'm not even taking sides here, the retardation exists on both sides, but it is blinding so many from the realities of so many issues. Everything is a Biden or Trump thing now. Real discussion on issues is an absolute rarity.

Who cares what you think. You live in your mom's basement.

[Off the Court]

But he does. When he stops fracking, stops the pipelines, stopped the leases for drilling domestic oil prices, that causes a direct affect in the supply of gas, which leads to higher prices all around

He didn't stop fracking :facepalm

Fracking is happening everywhere and the US is producing plenty of oil. US production has little affect on global oil prices.

I know it's difficult for you to look past Old Man Bad syndrome, but try. Try some actual research as to why oil prices are high. Give it a shot.

[bladefd]

Stocks plummeted today due to the massive interest rate increase yesterday being announced. 0.75% is huge and rarely ever done that drastically. The feds are trying to bring down inflation fast. They essentially pulled the bandage off and might do the same next month if the data shows inflation is not slowing down. Some economists are afraid interest rate increases could push us into a recession, and it very well might. However, you can't not bring down inflation by any means.

Also, the department responsible for interest rates is independent from Biden. The president appoints the director, but then the director runs it independent of the president. So the president does not decide the interest rates or how much bonds to buy or what not.

[BigKobeFan]

Stocks plummeted today due to the massive interest rate increase yesterday being announced. 0.75% is huge and rarely ever done that drastically. The feds are trying to bring down inflation fast. They essentially pulled the bandage off and might do the same next month if the data shows inflation is not slowing down. Some economists are afraid interest rate increases could push us into a recession, and it very well might. However, you can't not bring down inflation by any means.

Also, the department responsible for interest rates is independent from Biden. The president appoints the director, but then the director runs it independent of the president. So the president does not decide the interest rates or how much bonds to buy or what not.

You have very low IQ. Stocks prices going up and down predict the future, not the day of unless there is a war or an attack on the land.

The stock market already anticipated the interest rates going up weeks and even months in advance. This stock market plummeting is the prediction of a recession.

[Patrick Chewing]

But he does. When he stops fracking, stops the pipelines, stopped the leases for drilling domestic oil prices, that causes a direct affect in the supply of gas, which leads to higher prices all around

When there is still a need to rely on foreign oil, these Democrat automatically lose the argument. We were a net exporter under Trump and we no longer are under Biden.


What these disingenuous Democrats are pushing for can be explained very easily using the following example:


Say you have a Gas station in Anytown, USA. Well, because of lockdowns and because of more people being employed which means more people on the road than ever before, the need for gas has increased exponentially. Well, this tiny little gas station realizes that more people are needing gas than ever before, so this tiny little gas station starts to run out of gas and increases prices as a result which is expected. Basic supply and demand. Still with me people? People are starting to realize that because this little gas station is supplying gas to more customers than before, some people are left without gas, are forced to wait in long lines, and are forced to pay higher prices. So the people ask the government to step in. But what does the government do? The government just tells the little gas station to refine more oil. Then, in turn, the government reports back to the American people and thell them that they "followed through" with the request of the people, and that they told the little gas station to refine more oil. So the government wipes their hands clean and in their own minds, they "did something". Problem solved.

However, during the previous administration, there was a stronger appreciation for coal and for oil, and an understanding that coal and oil provides wealth and opportunities for many Americans. So the previous administration proactively decided that they weren't going to have the people rely on just one little gas station to provide gas for the people, but that they were going to create ways to have more little gas stations throughout the country as opposed to just relying on the one little one to supply gasoline for the entire country.

And because the current administration has a core belief system of "green energy" and "climate change", it was never their intention to alleviate the reliance on just the one gasoline station to provide gas for the entire country, but to forcefully change the way regular Americans used transportation on an every day basis. A "tough love" approach you could say. If they were seen as opening up more little gas stations across the country to alleviate the pain at the pump, it would then completely go against their core belief system of transitioning an entire country over to green energy.

And this is why we are paying high gas prices today.

[Nanners]

And because the current administration has a core belief system of "green energy" and "climate change", it was never their intention to alleviate the reliance on just the one gasoline station to provide gas for the entire country, but to forcefully change the way regular Americans used transportation on an every day basis. A "tough love" approach you could say. If they were seen as opening up more little gas stations across the country to alleviate the pain at the pump, it would then completely go against their core belief system of transitioning an entire country over to green energy.


Its crazy that so many americans are unable to see this blatantly obvious fact.

The high gas prices are 100% intentional.

[bladefd]

You have very low IQ. Stocks prices going up and down predict the future, not the day of unless there is a war or an attack on the land.

The stock market already anticipated the interest rates going up weeks and even months in advance. This stock market plummeting is the prediction of a recession.

.75 was not widely expected. Most expected 0.5. Also, the feds brought down the estimate of the gdp growth for the year, which was also big. Feds said they might do 0.75 again next month if inflation is not brought under control. It is extremely rare for interest rates to go up as much as 0.75 in a single swap, but it was. It tells us that Powell will go the lengths to get inflation under control, even if it means pushing us into a recession. Recession is what we seem to be headed towards with these rate increases.

[bladefd]

When there is still a need to rely on foreign oil, these Democrat automatically lose the argument. We were a net exporter under Trump and we no longer are under Biden.


What these disingenuous Democrats are pushing for can be explained very easily using the following example:


Say you have a Gas station in Anytown, USA. Well, because of lockdowns and because of more people being employed which means more people on the road than ever before, the need for gas has increased exponentially. Well, this tiny little gas station realizes that more people are needing gas than ever before, so this tiny little gas station starts to run out of gas and increases prices as a result which is expected. Basic supply and demand. Still with me people? People are starting to realize that because this little gas station is supplying gas to more customers than before, some people are left without gas, are forced to wait in long lines, and are forced to pay higher prices. So the people ask the government to step in. But what does the government do? The government just tells the little gas station to refine more oil. Then, in turn, the government reports back to the American people and thell them that they "followed through" with the request of the people, and that they told the little gas station to refine more oil. So the government wipes their hands clean and in their own minds, they "did something". Problem solved.

However, during the previous administration, there was a stronger appreciation for coal and for oil, and an understanding that coal and oil provides wealth and opportunities for many Americans. So the previous administration proactively decided that they weren't going to have the people rely on just one little gas station to provide gas for the people, but that they were going to create ways to have more little gas stations throughout the country as opposed to just relying on the one little one to supply gasoline for the entire country.

And because the current administration has a core belief system of "green energy" and "climate change", it was never their intention to alleviate the reliance on just the one gasoline station to provide gas for the entire country, but to forcefully change the way regular Americans used transportation on an every day basis. A "tough love" approach you could say. If they were seen as opening up more little gas stations across the country to alleviate the pain at the pump, it would then completely go against their core belief system of transitioning an entire country over to green energy.

And this is why we are paying high gas prices today.

The whole world is paying much more for oil and dealing with inflation. It's not just an American phenomenon. Are you not able to understand or comprehend that?? How do you explain that? Biden is not the president of planet earth last I checked.

Read this 5 times slowly to yourself: These oil prices are NOT an American phenomenon but rather a GLOBAL observation.

[Patrick Chewing]

The whole world is paying much more for oil and dealing with inflation. It's not just an American phenomenon. Are you not able to understand or comprehend that?? How do you explain that? Biden is not the president of planet earth last I checked.

Read this 5 times slowly to yourself: These oil prices are NOT an American phenomenon but rather a GLOBAL observation.

I don't care about the whole world. I care about the United States of America. You know, "America First". Does that ring a bell? Or is that like poison to your ears? Do you go into convulsions when someone utters that phrase?

[AKA_AAP]

You don't need all that text, it's really simple. We over stimulated. We dumped trillions of dollars into the country and now 10% of the US are millionaires. Everyone's net worth sky rocketed. It caused a massive bubble to form in the stock market and that bubble popped. Trump was a big part of this.

This same exact trend is happening in virtually every country on the planet.

I think many understand it isn't Biden but still just want to use this to point at Biden.

That's not why 10% are millionaires, stimulus checks and UI did not make anyone a millionaire. And you're still last in line with FascistRRR3 and AlwaysWrongBladefd :lol

I love how these suckers and losers are the first to defend Racist Pedophile joe biden and his shiit economy, but at the same time they are doing a lot worse these days. :roll:

[Off the Court]

That's not why 10% are millionaires, stimulus checks and UI did not make anyone a millionaire. And you're still last in line with FascistRRR3 and AlwaysWrongBladefd :lol

I love how these suckers and losers are the first to defend Racist Pedophile joe biden and his shiit economy, but at the same time they are doing a lot worse these days. :roll:

You're really clueless, it is absolutely the reason. You can't have a sudden burst in millionaires without a sudden burst in the money supply.

And that is the main reason inflation is taking place. We over stimulated. Everyone has lots of money and a retail boom happened. And people were over paying for homes and cars. Crypto, stocks, everything was sent higher. Now it's all crashing back down to reality.

All your brain is capable of seeing is Old Man Bad. You're incapable of seeing reality.

[Off the Court]

I don't care about the whole world. I care about the United States of America. You know, "America First". Does that ring a bell? Or is that like poison to your ears? Do you go into convulsions when someone utters that phrase?

His whole point is that oil is global. It's not just a United States thing :oldlol:

[AKA_AAP]

You're really clueless, it is absolutely the reason. You can't have a sudden burst in millionaires without a sudden burst in the money supply.

And that is the main reason inflation is taking place. We over stimulated. Everyone has lots of money and a retail boom happened. And people were over paying for homes and cars. Crypto, stocks, everything was sent higher. Now it's all crashing back down to reality.

All your brain is capable of seeing is Old Man Bad. You're incapable of seeing reality.

Low IQ take once again.

In 2020, when most Americans stopped working and stayed at home, money doesn't disappear out of thin air. Staying at home and collecting UI doesn't make anyone a millionaire; that's what you and AlwaysWrongBladefd did, are you two millionaires now? When less people are working, that just means the few people that are working can easily grab a bigger piece of the economic pie. COVID shutdowns brought more opportunity to create a product or service with less competition, while most of the country stayed at home waiting to spend their UI and stimulus checks. The people that became new millionaires in 2020 are the ones that found side hustles and more sources of income, not the suckers and losers that stayed home collecting UI/stimulus and watched MSNPC every day like you.

[Off the Court]

Holy shit your economic knowledge is elementary :oldlol:

Wealth can absolutely disappear. That's what is happening now with a stock market crash, net worths everywhere are dropping. The same will happen with a housing crash.

When the Gov pumped money into the system it caused values to inflate, do you understand? So if you were a home owner and you lived in a $500,000 home precovid you are probably a millionaire now. If you had substantial amount invested that value bubbled.

When people's wealth increase it causes them to spend (stimulation). This is the entire point of a "stimulus". It causes a sudden increase in wealth which translates to spending.

[AKA_AAP]

LowIQoffthecourt, did you and AlwaysWrongbladefd become millionaires in 2020? No matter how much you try to defend a Racist Pedophile joe biden, the scoreboard of life will always have you in the bottom 1 percentile of America. :oldlol:

[Off the Court]

LIQ_AAP

"So many people became millionaires during covid because they all worked harder" :oldlol:

[AKA_AAP]

LIQ_AAP

"So many people became millionaires during covid because they all worked harder" :oldlol:

And you didn't. :lol

You missed out on the greatest transfer of wealth in 2020 just to create an alt to post more low IQ posts defending the party of the KKK. Let that sink in.

[Patrick Chewing]

And you didn't. :lol

You missed out on the greatest transfer of wealth in 2020 just to create an alt to post more low IQ posts defending the party of the KKK. Let that sink in.

https://media4.giphy.com/media/3owzW9EZI8M3sz9s5O/giphy.gif

[Axe]

LIQ_AAP

"So many people became millionaires during covid because they all worked harder" :oldlol:
:roll:

What a moron.