Waiting

[Mike Krailo]

How long has China been patiently growing their economy over the many years of the trade imbalance being in their favor? Did their economy benefit from that trade imbalance?

As far as the Nobel Prize is concerned, economics is not very scientific. It's highly political in nature so the appeal to authority trick isn't going to work. Let me guess, that pin head Paul Krugman is one of them. Listen to that moron at your own peril. Inflation is largely due to printing money we don't have to pay off ever increasing debt, trillion dollar do nothing bills, and increasing the size of government endlessly. Do your self a favor and start listening to someone that can actually explain how important fiscal policy is, instead of deferring to authority. Remember, all those so called experts are largely wealthy individuals and they are not affected by inflation, the little guy is. They don't have your best interests in mind, only their political friends interests.

Thomas Sowell got it right (note bullet #3):

• Inflation as a hidden tax: Sowell believes that inflation is a way for governments to transfer wealth from individuals to themselves without openly raising taxes. He argues that inflation reduces the purchasing power of people’s savings, effectively taking away their wealth.
• Government’s role in inflation: Sowell attributes inflation to government policies, particularly monetary policy and fiscal policy. He believes that governments often create inflation by printing more money, which increases the money supply and reduces the value of each individual unit of currency.
• Impact on different segments of society: Sowell notes that inflation has different effects on different segments of society. Those who own assets, such as real estate or stocks, may benefit from inflation as the value of their assets increases. However, those who do not own assets, such as low-income individuals or those living on fixed incomes, may be disproportionately affected by inflation as the purchasing power of their money decreases.
• Consequences of inflation: Sowell warns that inflation can have far-reaching consequences, including reduced economic growth, increased uncertainty, and decreased savings rates. He also believes that inflation can lead to a decline in the standard of living, as people become less confident in the value of their money.
• Inflation and government spending: Sowell argues that government spending and deficit financing can contribute to inflation. He believes that when governments spend more than they take in through taxes, they must finance the shortfall by printing more money, which can lead to inflation.

Some notable quotes from Thomas Sowell on inflation include:

• “Inflation is in effect a hidden tax.”
• “The money that people have saved is robbed of part of its purchasing power, which is quietly transferred to the government that issues new money.”
• “Inflation is a quiet but effective way for the government to transfer resources from the people to itself, without raising taxes.”

Overall, Thomas Sowell views inflation as a significant economic issue that can have far-reaching consequences for individuals and society as a whole. He believes that governments must be careful to manage the money supply and fiscal policy to avoid inflation and promote economic growth and stability.

In light of the above, how awful it is to not only be taxed based on inflation, but then to have more taxes imposed on you to pay for spending bills that we don't want and clearly don't benefit any of us. The wealth tax that is being tossed around would absolutely kill our economy and essentially out-right steal from all of us who have been saving for a lifetime. This is our reward for putting money into social security our whole lives only to find out that by the time I retire, it will be on the verge of insolvency. Pay in to get virtually nothing out. The problem with illegals coming in is making the problem that much worse.

From the Heritage Foundation article Nov 22, 2021 (peak inflation time period):

Many of the great disasters of our time have been committed by experts,” the economist Thomas Sowell once said. Looking at the way prices are rapidly rising across the U.S. economy, it’s hard not to think of his words.

President Joe Biden assured Americans in July that “no serious economist” expected unchecked inflation. Today, the public is more concerned with inflation than any other issue.

In February, the government’s inflation forecasts for the year were at or below 2 percent. As of October, year-over-year consumer price increases have reached a 31-year high of 6.2 percent—triple the official prediction. Producer prices are up 8.6 percent.

A series of deficit-financed spending packages adding up to $6 trillion (so far) have contributed to rising prices. Only recently, with prices across the economy climbing, has Biden acknowledged that the trend of higher inflation is hitting people’s pocketbooks.

 

[The_Doc_Man]

How long has China been patiently growing their economy over the many years of the trade imbalance being in their favor? Did their economy benefit from that trade imbalance?

Quite a while, and yes - to answer two questions. However, there are some sobering predictions that suggest that China has now painted themselves into a demographic corner that will be hard verging on impossible to eliminate. Their "one family, one child" policy finally matured because China's population shrank last year. As their aging work force retires (or dies), they won't have enough people to sustain a work force. The people who ARE working will not be able to pay enough taxes to sustain their geriatric citizens. They have infrastructure problems due to corruption in contracting. They have a housing problem in that people need a place to live, but the massive high-rise apartments being built aren't livable yet, the contractor is out of money, and the government doesn't have enough money to finish construction.

Doubt me? Look up on You Tube: "Peter Zeihan China" and check a few articles.

 

[Thales750]

Wait what?

Are you not up on the latest ruling by the court? They intend to fulfil the MAGA doctrine of destroying the Federal Government.

Court Gives the Remaining Power and Influence to the Wealthiest Globalist Investors.

Here is an earlier example of the MAGA Manifesto, of the total destruction of Federal protections and of the working middle class.
Power to the People. Oops, power to the Crown.

This Witch Hunt is not limited to certain people, it's after the entire Federal Government.
The Power Hungry MAGA fascist want it all.

 

[Thales750]

Are you not up on the latest ruling by the court? They intend to fulfil the MAGA doctrine of destroying the Federal Government.

Court Gives the Remaining Power and Influence to the Wealthiest Globalist Investors.

Here is an earlier example of the MAGA Manifesto, of the total destruction of Federal protections and of the working middle class.
Power to the People. Oops, power to the Crown.

This Witch Hunt is not limited to certain people, it's after the entire Federal Government.
The Power Hungry MAGA fascists want it all.

 

[Thales750]

Wow! That is seriously uninformed thinking. So, what did you think of Dred Scott? That was your Democrat activists rather than jurists who were trying to be true to the Constitution. THAT is the epitome of an activist Court. The members of the Court wanted slavery to continue since it was how the Southern Democrat's society was maintained. So the Court ruled that Scott and his wife were chattel and as chattel were not citizens and so had no standing to sue for freedom. Makes a perverse kind of sense if you can twist yourself into a pretzel while thinking about it.

You seem to think that if you agree with a decision, it was right. Well, I take a different view. I want the justices to uphold the Constitution, even when that means that sometimes I will not agree with their decision. I don't like the idea of bumpstocks. They enhance a rifle so that it acts much like a machine gun and machine guns are good for only one purpose - killing people. That's why we issue them to soldiers. But I understand why the Court took the position they took and I can't argue with it.

Your answers are so predictable.
Anyone that doesn't agree with MAGA Fascism is ignorant or deluded. Your words, every time.

I don't agree or disagree with the MAGA court. what I know is that MAGA has one platform.
Move all of the wealth and influence away from the People and into the hands of the Financial Sector Gods. I'm sorry for America that MAGA worshipers can't see that.

 

[AccessBlaster]

Are you not up on the latest ruling by the court? They intend to fulfil the MAGA doctrine of destroying the Federal Government.

Court Gives the Remaining Power and Influence to the Wealthiest Globalist Investors.

Here is an earlier example of the MAGA Manifesto, of the total destruction of Federal protections and of the working middle class.
Power to the People. Oops, power to the Crown.

This Witch Hunt is not limited to certain people, it's after the entire Federal Government.
The Power Hungry MAGA fascist want it all.

"My retribution will be success." - President Donald J. Trump

 

[Thales750]

You "know" what you are told to "know". You know like Joe has all his marbles until the public actually sees him in action where the moderators had to rescue him more than once as he was circling the drain.

You think I'm predictable, but maybe you should look inside yourself. I don't approve of bump stocks so I agree with you. Where we disagree is in that I think the Court made the Constitutionally correct decision, even though I don't like the outcome and you only think the Court made the right decision if you personally agree with it. Now, that is predictable

Your arguments are so transparent.

Move attention to Biden, as if I must support him and therefore brain washed. Biden is old and weak, therefore the MAGA court rulings are justified.
You accuse others of having limited information because you cannot conceive of a person with apposing views as being educated. It really is scarry watching American Fascism grew. In the end when your leaders are imprisoned or committing suicide, only then will some of you see them for what they are.

Fascism is coming for America, and it's name is MAGA.

 

[AccessBlaster]

Fascism is coming for America, and it's name is MAGA.

 

[Isaac]

Are you not up on the latest ruling by the court? They intend to fulfil the MAGA doctrine of destroying the Federal Government.

Court Gives the Remaining Power and Influence to the Wealthiest Globalist Investors.

Here is an earlier example of the MAGA Manifesto, of the total destruction of Federal protections and of the working middle class.
Power to the People. Oops, power to the Crown.

This Witch Hunt is not limited to certain people, it's after the entire Federal Government.
The Power Hungry MAGA fascist want it all.

Democrats are the greatest threat to capitalism and freedom that ever was. God save the Court and help them continue fighting for capitalism and freedom.

The administrative power of the state usurping all of our Constitutional rights was LOOOOOOng overdue to be killed.

 

[Thales750]

Please explain to me what you would call the government telling businesses that they should suppress the first amendment rights of citizens because the government couldn't do this directly due to the constraints imposed by the Constitution?

Diverting again. All you are capable of doing is defending MAGA by making others appear worse.
Nothing is worse than unrestricted capitalism. MAGA is doing exactly that, it is eliminating all restriction on capitalist power.
Asking Facebook to limiting lies is similar to the series of 20th century laws that governed broadcasters.

MAGA folks are such victims.

 

[Thales750]

Democrats are the greatest threat to capitalism and freedom that ever was. God save the Court and help them continue fighting for capitalism and freedom.

That's a good one.

 

[Isaac]

Nothing is worse than unrestricted capitalism

Poor you, you might be forced to live in a free country where people reap the consequences of their decisions!

 

[Thales750]

Democrats are the greatest threat to capitalism and freedom that ever was. God save the Court and help them continue fighting for capitalism and freedom.

The administrative power of the state usurping all of our Constitutional rights was LOOOOOOng overdue to be killed.

Bring back the good old days, the polluted drinking water, the severed body parts, bank robber getting away, kidnappers running amuck, Small Investors being scammed out of their life's savings.

Truly, the only cost of all these regulations has been to make the ones that profit the most from extorting workers and polluting the environment, are the wealthiest investor class.

You are about the get your way, you and all of the rest of the MAGA bunch.

Be careful what you wish for. It's coming for you too. That will be some comfort I guess.

 

[Isaac]

Bring back the good old days, the polluted drinking water, the severed body parts, bank robber getting away, kidnappers running amuck, Small Investors being scammed out of their life's savings.

Truly, the only cost of all these regulations has been to make the ones that profit the most from extorting workers and polluting the environment, are the wealthiest investor class.

You are about the get your way, you and all of the rest of the MAGA bunch.

Be careful what you wish for. It's coming for you too. That will be some comfort I guess.

You sound a bit violent at this point. Severed body parts... that will be some comfort?
Who was it that finally either got banned or dragged themselves away from here finally - George something or other? No, Frank. A bitter recovering UA member IIRC. Is what it reminds me of. Sounds like you're about to pull the bomb out of that backpack, wherever you are!

We need some regulation, just nowhere near what we have and constantly growing to epic proportions. Have a fabulous day and Happy Monday!

 

[Thales750]

Just trying to open your eyes. And you can't answer the question, can you?
Unrestricted Capitalism is what made America the powerhouse it was. It is the job of Congress to put limits on what is acceptable behavior and what is not. I know you think that Trump is the root of all evil but in reality, it is Congress. It is Congress who makes the rules that allow CitiCorp to get cash from my checking account IMMEDIATELY upon receipt of entering my check into their payment system while I have to wait 5 "banking" days to have access to checks I receive.

I think MAGA is the root of all evil.

You should study what was going on at the end of the 19th century. And, how the government finally turned away from the robber barons and embraced the workers. That is an exact demonstration of the value of completely tearing down the mega capitalist structures.

We are at that exact crossroad right now. MAGA is for the Robber Barons, so far the everyday workers are not being represented be of liberal control of the voice of the democrats. And the Liberal Voice is being paid for by the same people that bring you morning AM rush hour brainwashing.

 

[Isaac]

I think MAGA is the root of all evil.

You should study what was going on at the end of the 19th century. And, how the government finally turned away from the robber barons and embraced the workers. That is an exact demonstration of the value of completely tearing down the mega capitalist structures.

We are at that exact crossroad right now. MAGA is for the Robber Barons, so far the everyday workers are not being represented be of liberal control of the voice of the democrats. And the Liberal Voice is being paid for by the same people that bring you morning AM rush hour brainwashing.

That makes no sense, because Maga is only a few years old.

 

[Isaac]

People should be rewarded for being successful, not punished.

PERIOD.

 

[Mike Krailo]

Ooh, Isaac, That was a zinger for the ages.

 

[Thales750]

You sound a bit violent at this point. Severed body parts... that will be some comfort?
Who was it that finally either got banned or dragged themselves away from here finally - George something or other? No, Frank. A bitter recovering UA member IIRC. Is what it reminds me of. Sounds like you're about to pull the bomb out of that backpack, wherever you are!

We need some regulation, just nowhere near what we have and constantly growing to epic proportions. Have a fabulous day and Happy Monday!

I was describing the world that existed before we had all these protections. Complete destruction of our regulatory institutions is not an answer to over-reach. And you (MAGA), everything you hear from your news sources, has one objective.

To reduce the taxes on the Crown.

 

[AccessBlaster]

The Dems have been asking for this fight, and now that it's here they cry foul. You turned dead misdemeanors into serious felonies with creative lawfare, now you are concerned?