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Thread: Who's ready for the next cycle ?

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    Who's ready for the next cycle ?

    Out of control hyper-inflation . The more money the FED prints , the higher it will go .

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    Quote Originally Posted by PJL View Post
    Out of control hyper-inflation . The more money the FED prints , the higher it will go .
    Did the republicans gain power? Who knew? Thanks.

    https://www.thebalance.com/democrats...conomy-4771839

    Truman nailed the republicans long ago, not much has changed.

    "Well, I have been studying the Republican Party for over 12 years at close hand in the Capital of the United States. And by this time, I have discovered where the Republicans stand on most of the major issues.

    http://www.trumanlibrary.org/publicp...x.php?pid=1986

    "Since they won't tell you themselves, I am going to tell you.
    They approve of the American farmer-but they are willing to help him go broke.
    They stand four-square for the American home--but not for housing.
    They are strong for labor--but they are stronger for restricting labor's rights.
    They favor a minimum wage--the smaller the minimum the better.
    They indorse educational opportunity for all--but they won't spend money for teachers or for schools.
    They think modern medical care and hospitals are fine--for people who can afford them.
    They approve of social security benefits-so much so that they took them away from almost a million people.
    They believe in international trade--so much so that they crippled our reciprocal trade program, and killed our International Wheat Agreement."


    Rest at link above
    Wanna make America great, buy American owned, made in the USA. We do. PS I am not PC.

    "I have never made but one prayer to God, a very short one: 'O Lord make my enemies ridiculous.' And God granted it." Voltaire

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    Quote Originally Posted by midcan5 View Post
    Did the republicans gain power? Who knew? Thanks. https://www.thebalance.com/democrats...conomy-4771839 Truman nailed the republicans long ago, not much has changed. "Well, I have been studying the Republican Party for over 12 years at close hand in the Capital of the United States. And by this time, I have discovered where the Republicans stand on most of the major issues. http://www.trumanlibrary.org/publicp...x.php?pid=1986 "Since they won't tell you themselves, I am going to tell you. They approve of the American farmer-but they are willing to help him go broke. They stand four-square for the American home--but not for housing. They are strong for labor--but they are stronger for restricting labor's rights. They favor a minimum wage--the smaller the minimum the better. They indorse educational opportunity for all--but they won't spend money for teachers or for schools. They think modern medical care and hospitals are fine--for people who can afford them. They approve of social security benefits-so much so that they took them away from almost a million people. They believe in international trade--so much so that they crippled our reciprocal trade program, and killed our International Wheat Agreement." Rest at link above
    The FED does not answer to Republicans or Democrats .

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    Quote Originally Posted by midcan5 View Post
    Did the republicans gain power? Who knew? Thanks.

    https://www.thebalance.com/democrats...conomy-4771839

    Truman nailed the republicans long ago, not much has changed.

    "Well, I have been studying the Republican Party for over 12 years at close hand in the Capital of the United States. And by this time, I have discovered where the Republicans stand on most of the major issues.

    http://www.trumanlibrary.org/publicp...x.php?pid=1986

    "Since they won't tell you themselves, I am going to tell you.
    They approve of the American farmer-but they are willing to help him go broke.
    They stand four-square for the American home--but not for housing.
    They are strong for labor--but they are stronger for restricting labor's rights.
    They favor a minimum wage--the smaller the minimum the better.
    They indorse educational opportunity for all--but they won't spend money for teachers or for schools.
    They think modern medical care and hospitals are fine--for people who can afford them.
    They approve of social security benefits-so much so that they took them away from almost a million people.
    They believe in international trade--so much so that they crippled our reciprocal trade program, and killed our International Wheat Agreement."


    Rest at link above
    Feb 9th:

    Larry Summers, the top economic adviser to former President Obama, warned in an op-ed on Friday that President Biden’s proposed COVID-19 relief package is too big and could overheat the economy.

    Summers, the Treasury secretary under former President Clinton, wrote in The Washington Post that the proposed $1.9 trillion stimulus could ignite inflationary pressures “of a kind we have not seen in a generation.”

    He said the risk of inflation could have “consequences for the dollar and financial stability.”



    Biden Economics and Inflation (thepoliticalforums.com)



    Who knew.....evidently not you!
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

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    More of what Midcan can't figure out.



    The Thursday Market Minute

    • Global stocks extend slide into a fourth session, while volatility spikes and bond yields creep higher, as inflation hawks continue to shout-down recovery bulls in markets around the world.
    • April inflation rises at the fastest pace since 2009, with hotter readings on the cards as pandemic base-effects lift prices for everything from used cars to airfares.
    • Wall Street suffers its biggest single-day declines since February, in heavy trading volume, as investors re-set profit expectations for the second half of the year.
    • Benchmark 10-year note yields rise to 1.702% in early New York trading ahead of PPI data and weekly jobless claims.
    • The CBOE's main equity volatility index, the VIX, trades at 27.40, the highest levels since early February.
    • CDC data shows 117.6 million Americans have now been fully vaccinated against the coronavirus, with around 264.7 million doses administered as of Wednesday.
    • U.S. equity futures suggest a mixed open on Wall Street following stronger-than-expected weekly jobless claims figures and factory gate inflation data.....snip~
    Dow Futures Gain, Nasdaq Looks To Rebound As Weekly Jobless Claims Slide (msn.com)
    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

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    Quote Originally Posted by midcan5 View Post
    Did the republicans gain power? Who knew? Thanks.
    Nope. This is all your boy's doing...thanks.

    Even before Summers and others raised economic concerns about Biden’s $1.9 trillion relief bill, officials were wrestling with their own worries about its inflation risks. They had internally concluded, with direction from Biden, that the biggest risk to the economy was going “too small” on the aid package — not spending enough to help vulnerable Americans survive continued stints of joblessness or lost income. But they wanted to know the risks of going “too big.”
    They tested whether an uptick in inflation might cause people and financial markets to expect rapid price increases in the years to come, upending decades of what economists call “well-anchored” expectations for prices and potentially creating a situation where higher expectations led to higher inflation. They estimated the odds that the Fed would react to such moves by quickly and steeply raising interest rates, potentially slamming the brakes on growth and causing another recession.
    "What happens is of little significance compared with the stories we tell ourselves about what happens. Events matter little, only stories of events
    affect us.

    ~Rabih Alameddin


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    The underlying rot began when Nixon abandoned the gold standard . It gnawed away year after year , then bubbled to the surface in 2008 with the GFC . It's now passed the point of no return . The rats are now stuffing their pockets as fast as they can , while there's still something to steal , before they jump ship . When reality finally becomes impossible to ignore any longer , there will still be some useless clowns obsessing over the lefty/righty nonsense , or desperately looking to point the finger anywhere but at the real perpetrators of this economically tragic development . Not even another world war will be enough to rearrange the deckchairs on this sinking ship .

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    Quote Originally Posted by PJL View Post
    The underlying rot began when Nixon abandoned the gold standard . It gnawed away year after year , then bubbled to the surface in 2008 with the GFC . It's now passed the point of no return . The rats are now stuffing their pockets as fast as they can , while there's still something to steal , before they jump ship . When reality finally becomes impossible to ignore any longer , there will still be some useless clowns obsessing over the lefty/righty nonsense , or desperately looking to point the finger anywhere but at the real perpetrators of this economically tragic development . Not even another world war will be enough to rearrange the deckchairs on this sinking ship .
    No country is on the Gold Standard. Switzerland was the last to go.

    The irresponsible practices in governments around the world seem to only cancel each other out.
    The many times the USD should have crashed, it maintained near its current value because the rest of the world followed the same irresponsible principles.

    It is like watching Jerry Springer, to feel better if your life is screwed up.

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    Quote Originally Posted by carolina73 View Post
    No country is on the Gold Standard. Switzerland was the last to go. The irresponsible practices in governments around the world seem to only cancel each other out. The many times the USD should have crashed, it maintained near its current value because the rest of the world followed the same irresponsible principles. It is like watching Jerry Springer, to feel better if your life is screwed up.
    The IMF and the World Bank are now debating how to best re-introduce the gold standard , because the global economy is threatening to become gridlocked if and when the USD finally falls over .....which looks to be sooner rather than later . The 2020 COVID pandemic just stalled the inevitable for a year or so ....which is why some are attempting to prolong it as much as possible with unneeded lockdowns etc . Russia's SputnikV vaccine has kyboshed the plan .
    Last edited by PJL; 05-13-2021 at 11:24 PM.

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    Quote Originally Posted by FindersKeepers View Post
    Nope. This is all your boy's doing...thanks.
    Don't even bother pointing it out to the idiots on the left , they cannot comprehend common sense .

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