US Curren$y on Pace to Pass the Euro

[phcitywarrior]

“If a government has no debt”

Now we’re playing a different game all together. Name a government without debt. Name a business that employs a shyt ton of people without debt. I’ll wait

The fed literally did this to choke the money supply leading to a cut in spending. They knew that would happen. So ur trying to make the argument that they did without any reasons behind it? You’re talking about something in a vaccum. Unfortunately that’s not how the world works

We’re splitting hairs. No debt, little debt etc The same principle applies, if the government can service its debts it will be fine. If it can’t then it means it was over-leveraged.

Everyone knows why the Fed is raising rates, to make it hard to borrow and cool off demand (more demand than supply, inflation). The issue is hiking rates is a blunt tool and not as precise as some think it is, but it’s really the only tool they have.

If you have a suggestion to what measures can be taken to tame inflation without hiking rates then you’ll win the Nobel Prize in Economics and The John Bates Medal easy.

Anyway, what I’m getting at is hiking interest rates =/= austerity measures. That’s all.

 

[wire28]

8k posts in 7 years is busy on here?????

Also more bad faith posting.

“You can only care about other people on the specific terms that I’ve put forth for you”

Hmmmmmm

Just say you don’t agree with my beliefs and keep it moving my guy lol

Take the asshurt over bad words online somewhere else. If you and your boy don’t like the way I speak to you, block me and stop responding to me.

So nothing. Got it.

 

[Godless Socialist CEO]

We’re splitting hairs. No debt, little debt etc The same principle applies, if the government can service it’s debts it will be fine. If it can’t then it means it was over leveraged.

Everyone knows why the Fed is raising rates, to make it hard to borrow and cool off demand (more demand than supply, inflation). The issue is hiking rates is a blunt tool and not as precise as some think it is, but it’s really the only tool they have.

If you have a suggestion to what measures can be used to tame inflation outside hiking rates then you’ll win the Nobel Prize in Economics and The John Bates Medal easy.

Stephanie Kelton talked about not doing this all summer she’s a big advocate for MMT and has some great interviews out there.

Also the fed raising rates isn’t going to fix the supply chain or stop price gouging soooo it didn’t make sense in the first place. Fed didn’t have to step in and it’s going end up hurting a lot more than it helps anything

Appreciate the back n forth, I’m not an a$$hole if you actually want to have a conversation and not just whine at me because I’m not harsh

 

[phcitywarrior]

Also the fed raising rates isn’t going to fix the supply chain or stop price gouging soooo it didn’t make sense in the first place. Fed didn’t have to step in and it’s going end up hurting a lot more than it helps anything

Yes, in one of my posts I mentioned some exogenous factors that are fueling inflation that is out of the hands of the Fed. 1. Energy Prices 2. Housing costs.

But to say the Fed didn't have to step to me is incorrect. Again, Inflation is largely a monetary issue. More money than goods and services.

The Fed created this inflation anyway so the chickens are coming home to roost. The notion of price gouging is overstated, not that many firms have the level of pricing power for this level of the worldwide inflaton.

 

[Responsible Allen Iverson]

Congrats to Spitta

 

[sportscribe]

The Fed created this inflation anyway so the chickens are coming home to roost. The notion of price gouging is overstated, not that many firms have the level of pricing power for this level of the worldwide inflaton.

This is why I mentioned to the dude earlier on to start with the basics.

You can't just keep parrotting buzzwords you hear from YouTube vloggers and expect to have a reasonably unbiased conversation.

 

[Godless Socialist CEO]

Yes, in one of my posts I mentioned some exogenous factors that are fueling inflation that is out of the hands of the Fed. 1. Energy Prices 2. Housing costs.

But to say the Fed didn't have to step to me is incorrect. Again, Inflation is largely a monetary issue. More money than goods and services.

The Fed created this inflation anyway so the chickens are coming home to roost. The notion of price gouging is overstated, not that many firms have the level of pricing power for this level of the worldwide inflaton.

We can agree to disagree, when I see yahoo business and the times writing articles about price gouging I’m going to listen because those are typically mouth pieces for business especially the god damn times. You also didn’t mention food prices which are 100% being driven by supply chain and price gouging to the point the president and the administration was calling them out. Once again fed raising rates isn’t fixing that.

Only congressional regulation is gonna fox a lot of these issues like investment banks buying homes and driving up rent, insurance etc

 

[Godless Socialist CEO]

This is why I mentioned to the dude earlier on to start with the basics.

You can't just keep parrotting buzzwords you hear from YouTube vloggers and expect to have a reasonably unbiased conversation.

I’ve posted articles in here you chose not to read them. That’s a you issue not me.

You disagree with what I’m saying but you were completely incapable of stating why or backing that up which is why I just ignored you for the most part.

Fed raised rates to cut spending. That’s literally them driving austerity fiscal
Policies in the public and
Private sector. Even the fed would tell you that It’s that simple I don’t know what to tell you. You just choosing to ignore that over and over again and just not engaging that at all doesn’t make you or the other poster right

Also lol at the projection

 

[phcitywarrior]

We can agree to disagree, when I see yahoo business and the times writing articles about price gouging I’m going to listen because those are typically mouth pieces for business especially the god damn times. You also didn’t mention food prices which are 100% being driven by supply chain and price gouging to the point the president and the administration was calling them out. Once again fed raising rates isn’t fixing that.

Only congressional regulation is gonna fox a lot of these issues like investment banks buying homes and driving up rent, insurance etc

Yea, let's agree to disagree here.

 

[NkrumahWasRight Is Wrong]

I’ll take my $20 U.S to DR where I know my dollar go further for a good time

Might be going there in a few weeks myself

Hope youre not gonna be trapped at a resort

 

[gho3st]

Lol To confuse and dismiss the other nikkas point, breh kept mentioning austerity over and over when its clear he himself didnt fully grasp what austerity mean .The moment that thought processed is challenged, he pivoted and focus on something else.

 

[dora_da_destroyer]

Why does it seem like the people who claim loudest that they care about others spend a good chunk of their time calling people stupid on the internet?

It’s clearly the most effective way to persuade your opposition…

 

[Godless Socialist CEO]

Lol To confuse and dismiss the other nikkas point, breh kept mentioning austerity over and over when its clear he himself didnt fully grasp what austerity mean .The moment that thought processed is challenged, he pivoted and focus on something else.

That 100% didn’t happen lol. Some of y’all live in your own world. Even when pushed on the subject I explained why what the fed is doing is austerity to someone who clearly has a grasp on it. Just because it didn’t directly fit the theories definition (remember trickle down economics was also a theory people claimed worked) does not in anyway mean I was wrong. Once again many articles written on this across the internet. If I’m incorrect so are they.

i get the desperation to call me out though. Keep trying you’ll get me eventually others have plenty of times before. I’m not wrong on this and I posted articles backing me up. Y’all chose not to read any of it.

None of my statements are controversial on this I really don’t understand the push back at all. It’s weird

 

[Serious]

Literally all of those things are shyt for everyone other than rich Americans with investments and international travel plans. And we're celebrating this shyt?

A lot of us here travel internationally regularly.

#dualpassportgang

With that said, I'm postponing my regularly scheduled activities until January 17th, 2023, when most people should be back at work and not on vacation.

The flights and hotels priced in for that time period, will be cheap as fukk compared to right now.

 

[Professor Emeritus]

A lot of us here travel internationally regularly.

#dualpassportgang

With that said, I'm postponing my regularly scheduled activities until January 17th, 2023, when most people should be back at work and not on vacation.

The flights and hotels priced in for that time period, will be cheap as fukk compared to right now.

Not to put it too harshly, but in the context of my statement, I really have no interest in celebrating the poor getting fukked over so your regular carbon-spewing international vacations get to be that much cheaper.