Not a Republican or a democrat really

Seems like the 2 are the same really. I always believed in new ideas to help solve problems and make people's lives easier/better but they've always been laughed off by both parties so I keep it to myself. Never seen inflation like it is today. Progressively got worse throughout both Biden and Trump's era. The only decent times I remember were the 80s and part of the 90s. Pretty short duration there. Must be a flaw in the system itself rather than any 1 person. It's all selfishness based. The wealthy love inflation because it raises the value of their assets. The poor hate inflation because they can't afford to eat right. So which one do I care about more hmm let me think.. oh. The poor. I couldn't give a half pint of s*** about how this economy affects the wealthy because of the way they are towards the poor, always blaming the poor being lazy and stupid when everyone knows this system is nothing but dogs eating each other alive. It's just a big puke under the guise of opportunity. And we know what an opportunists motives are.

This page is a permanent link to the reply below and its nested replies. See all post replies »

swirlie · 31-35, F

It seems apparent, at least on the surface that inflation has been increasing since Biden's day, as if Biden or Trump for that matter had anything to do with the rise in inflation in America. Neither of those idiots have anything to do with that equation.

It wasn't really just an arbitrary increase in cost of living as you have suggested, that was imposed upon the poor at the hand of the rich in America, it was actually the continuous devaluation of the US Dollar since the time of Eisenhower that has been masked as 'inflation' allegedly caused by the rich, just to get richer. Whoever told you it is the fault of the rich was not a rich person, I can guarantee you that much. Lesson learned: never take financial advice from the poor.

The USA owes almost $38 Trillion in National Debt today and it takes 60% of every tax dollar taken in by the IRS just to pay the interest-owing on that debt each year.

That leaves just 40% of all taxation to run the country, which is also why the US infrastructure is crumbling from coast to coast and is in desperate need of repair or replacement... but there's no money, honey.

The US Dollar is declining in value at a steady pace as a result of it's failing credit rating on the global stage which is reflected as the apparent rise in inflation and which appears to be imposed onto poorer Americans by the richer Americans. The truth is, the rich have nothing to do with inflation, nor did Biden, nor does Trump.

If the USA had no National Debt at all, it would be the richest country in the world. The reason the USA is not the richest country in the world is because it is drowning in it's own self-imposed National Debt and failing credit rating.

Since the time of Eisenhower, Americans have been living beyond their means, which means the whole country has been living on borrowed money for 70 years while pretending to be living rich and debt-free.

whowasthatmaskedman · 70-79, MVIP

@swirlie Everything you say here is true and accurate. And there is one more America specific factor, which while not crucial in the global sense, is a knee to the groin of all Americans, (except those few rich). The household debt of Americans has reached $18.8 Trillion. Owed on mortgages, home equity and personal finance, student and car loans and credit or store cards... Delinquency rates are rising, particularly on student loans and this is spreading due to rising interest rates..Of course, the problem is worst in low income areas. The average household debt is over $105,000..And things like interest rates, inflation and unemployment are going to get much worse.. Even more so it the President intervenes to attend to keep interest rates low.. The inflation that follows will steal the value from anyone who still has a job, or savings..😷

swirlie · 31-35, F

@whowasthatmaskedman

I felt fine until I heard the rest of the story!

whowasthatmaskedman · 70-79, MVIP

@swirlie Just dont think for a moment I take any joy in spreading news like this. But the numbers dont lie...Manipulating the currency can cover things for a while. But the pressure only builds and comes back stronger..😷

swirlie · 31-35, F

@whowasthatmaskedman
I wonder which country will be the first to start dumping US bonds, etc..?

whowasthatmaskedman · 70-79, MVIP

@swirlie Most countries are reducing slowly for the floor doesnt fall out of the market..They are mostly allowing therm to mature and not rolling over.. I believe its $13 Trillion this year..And so far the Fed has bought most of what was needed to keep the ship from capsizing..Thats the Banks and pension funds being hollowed out long term..😷

swirlie · 31-35, F

@whowasthatmaskedman
But how can the Fed afford to buy most of what was needed to keep the ship from capsizing, when the Fed itself doesn't have any money? ...or does it?

whowasthatmaskedman · 70-79, MVIP

@swirlie Its the simplest thing in the world. They print the money.. Adding further to inflation and debasing the currency further.. And the point of the story is that in doing so, they debase EVERY SINGLE T BOND. In every pension fund, 401K and stored within Social security itself.. Soon the average 401k will buy you a set of retreads for your F150 when you retire..😷

swirlie · 31-35, F

@whowasthatmaskedman
...but the real question is, will that 401k payout cover not only a set of retreads for the F150, but will the cost of balancing and installation be covered as well?

...and isn't the printing money considered cheating?

whowasthatmaskedman · 70-79, MVIP

@swirlie If anyone but the government did it, it would be called counterfeiting.. Look. The naked truth is that paper money is supposed to be a story of value. Historically every $ could only represent a measure of Gold the US owned. That was the Gold Standard. But politicians being only human found a work around and since them they ask us to trust them to be honest about it.. I think we all know how that is working out.. Dont we?? It would be nice to blame Trump for all this. But hes just the catalyst that has set off the chain reaction that has been brewing in America for decades. And hes doing one hell of a job of it. If this continues, Americans will be migrating to Haiti..😷

swirlie · 31-35, F

@whowasthatmaskedman
...but of course, they'll send ICE in ahead of their migration to Haiti to clean the place up a bit, just to make it look more like the old country, home of the brave, land of the free.

whowasthatmaskedman · 70-79, MVIP

@swirlie "Land of the free..Home of the Brave". And they say Americans dont do irony...😂😷

swirlie · 31-35, F

@whowasthatmaskedman
Yeah, I knew mine didn't have that good `ol boy, yankee-doodle-dandy ring to it, but I couldn't figure out where the correct words went in that line of bullshitte they all like to sing about around a campfire!

I'm glad you've been paying closer attention to how it goes than I have!

whowasthatmaskedman · 70-79, MVIP

@swirlie Either way, it doesnt have the ring of "Scotland the Brave.." There werent many places where the Roams went, took a look at the natives, said "F**k that!" and built a wall..😷

swirlie · 31-35, F

@whowasthatmaskedman
Oh, I agree completely with you!

Every summer I go to the annual Fergus Scottish Festival and Highland Games (.ca), which are held only an hour's drive from where I live in Toronto. There are probably a dozen bagpipe bands, each of which the Scots refer to as a "blether", so 12 blethers in total I guess!

At some point, they all perform at the same time and when they start up with "Scotland the Brave", for some reason I always turn into a blubbering blether lover every time and it happens to me every year. I don't get that way when I hear anything about the USA, which seems odd to me.

whowasthatmaskedman · 70-79, MVIP

@swirlie Alternate words to Scotland the Brave, (Credit to Billy Connolly) that my wife always hated, being a Glasgow girl:
"Land that has known no dangers,
Land that is full of strangers
Home of the Glasgow Rangers
Scotland the Brave."😷

swirlie · 31-35, F

@whowasthatmaskedman
I listen to old video shows of Billy Connolly! He's too funny!