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Thread: Janet Yellen needs to Go! Defends Biden's plan to Spy on everyones bank account

  1. #11
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    carolina73's Avatar Senior Member
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    Coincidentialy the day after losing my biggest account, I received a call at about 6:30 form my business partner. He was talking to the salesperson from our largest supplier. We will not be getting the 10% increase promised for the new year. It will be about 30% and that is mostly related to the fact that the materials are sourced in Eastern Europe. We have no domestic sources anymore because they were driven out by regulations and dumping by China and Eastern bloc countries.
    Why people should care, other than we are a US employer is that all these costs will be passed on to our users that are aerospace, rail and heavy industrial vehicles, steel producers... and products that you buy, lease, pay to ride on and most everything you touch in a day is somehow in the chain.
    This is a permanent and quickly going out of control inflation problem.

    Joe Biden is China's best friend. He announced today that he is taking distribution services used domestically, to speed up the unloading of imports, to help crush American producers.
    Let's go Brandon !!!

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  3. #12
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    PJL's Avatar Senior Member
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    Quote Originally Posted by carolina73 View Post
    Coincidentialy the day after losing my biggest account, I received a call at about 6:30 form my business partner. He was talking to the salesperson from our largest supplier. We will not be getting the 10% increase promised for the new year. It will be about 30% and that is mostly related to the fact that the materials are sourced in Eastern Europe. We have no domestic sources anymore because they were driven out by regulations and dumping by China and Eastern bloc countries.
    Why people should care, other than we are a US employer is that all these costs will be passed on to our users that are aerospace, rail and heavy industrial vehicles, steel producers... and products that you buy, lease, pay to ride on and most everything you touch in a day is somehow in the chain.
    This is a permanent and quickly going out of control inflation problem.

    Joe Biden is China's best friend. He announced today that he is taking distribution services used domestically, to speed up the unloading of imports, to help crush American producers.
    Yellen should never have been given a job in the first place - certainly no a job at the head of the Federal Reserve . The fact that she has switched from the FED , to an influential treasury position (through the revolving door between Goldman Sachs and the US Government , is a matter of grave concern for all Americans .

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    Quote Originally Posted by carolina73 View Post
    She is a socialist. She is doing exactly what she was put their to do.

    Remember how she tried to get inflation to go into effect as soon as Trump took office?

    She is a political hack and that is all. She is lying about inflation being gone in 6 months and she just made our products 20% more expensive imports as permanent damage.

    They all need to go.

    BTW, If you made $15 last year under Trump then under Biden you are making the equivalent of $12.23 an hour now after Biden's inflation. The 8.3% does not include fuel and food inflation that they call inflationary. It's even worse when you look at it as after tax income that you lose.
    Yellen is not a socialist , that's ridiculous....(lol) ....she is pure , unadulterated Deepstate .

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    Quote Originally Posted by PJL View Post
    Yellen is not a socialist , that's ridiculous....(lol) ....she is pure , unadulterated Deepstate .
    Chinese deepstate or American deepstate? Given her yen for collectivism.
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    Quote Originally Posted by carolina73 View Post
    Coincidentialy the day after losing my biggest account, I received a call at about 6:30 form my business partner. He was talking to the salesperson from our largest supplier. We will not be getting the 10% increase promised for the new year. It will be about 30% and that is mostly related to the fact that the materials are sourced in Eastern Europe. We have no domestic sources anymore because they were driven out by regulations and dumping by China and Eastern bloc countries.
    Why people should care, other than we are a US employer is that all these costs will be passed on to our users that are aerospace, rail and heavy industrial vehicles, steel producers... and products that you buy, lease, pay to ride on and most everything you touch in a day is somehow in the chain.
    This is a permanent and quickly going out of control inflation problem.

    Joe Biden is China's best friend. He announced today that he is taking distribution services used domestically, to speed up the unloading of imports, to help crush American producers.
    The supply chain disruption / inflation is a global issue. It very well lead to another Great Depression event.
    ΜOΛΩΝ ΛΑΒΕ


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    Quote Originally Posted by Peter1469 View Post
    The supply chain disruption / inflation is a global issue. It very well lead to another Great Depression event.
    I agree.
    Momentum is a very difficult force to stop in an economy.

    But this is also like the housing bubble of 2008. 30 years of terrible policies just waiting for a spark to ignite it.

    COVID was not that spark. It is the political reaction to COVID that will do it. We have too many real idiots in Congress on both sides of the aisle. One of those real idiots went senile and became President.
    Let's go Brandon !!!

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    So this arsewipe Janet Yellen says today (talking about the IRS accessing your bank account for $600), "Today's new proposal reflects the [Biden] Adminstration's strong belief that we should zero in on those at the top of the income scale who don't pay the taxes they owe..."

    The proposal exempts Gov't workers like teachers and firefighters. Of course it does, crooks...

    Really Janet, $10,000 per year is going after the high income earners? BULL F'ING CRAP JANET!!!
    "The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government - lest it come to dominate our lives and interests." - Patrick Henry

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    Quote Originally Posted by testsubjectalpha View Post
    Really Janet, $10,000 per year is going after the high income earners? BULL F'ING CRAP JANET!!!
    $10,000 is better than $600, but it's still too low, if they were really going after the wealthy. They've already broadcast their intentions to aim for the middle class anyway, despite what they said. And the amazing thing is Democrat voters make excuses for this, and will happily vote for it again.

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    I doubt this will pass. The banking industry will fight this. They can’t deal with it.

    Still it demonstrates the totalitarian mind set guiding this administration.


    There’s no rational way to support this.
    Benjamin Franklin: "Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety."

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