Posted on 06/05/2022 3:18:12 PM PDT by blam
“Today the enemy counts on popular demonstrations to strike the Islamic system,” declared Iran’s Supreme Leader, 83-years-old, in power since 1989, the year of the Tiananmen Square student slaughter and the fall of the Berlin Wall. Unrest tends to cluster.
“The enemy hopes to turn the people against the Islamic Republic by psychological means, through the internet, money, and the mobilization of mercenaries,” continued Khamenei, seeking to quell Iranian protests over rising food prices, corruption, incompetence. Not all revolutions are sparked by food price inflation, but most are. Mass migrations too.
“If, God forbid, these weapons are used against Russian territory then our armed forces will have no other choice but to strike decision-making centers,” warned Russia’s former President Medvedev, responding to Biden’s decision to supply Zelensky with M142 high-mobility rocket systems. Going to be a hot summer.
“My job as President is not to nominate highly – not only nominate highly – highly qualified individuals for that institution, but to give them the space they need to do their job,” announced America’s chief executive, ahead of a private meeting with Chairman Powell and Secretary Yellen.
“I’m not going to interfere with their critically important work,” pledged the President, consumed by a desire to draw the clearest possible distinction between his own management style and that of his predecessor.
[ZH: President Biden has a significantly lower approval rating than former President Trump did at this point in his term.]
Powell first hiked rates by 25bps to 1.75% in March of 2018. CPI was 2.36% that month, unemployment was 4.0%. Jerome’s final hike of that cycle came nine-months later, in December 2018, with CPI at 1.91% and unemployment at 3.9%.
But Powell was also quantitatively tightening in late-2018, at a $50bln monthly pace, draining a pool of liquidity built up during a decade of bond buying. Trump was as unhappy as he was vocal. But those were simpler times. The secular stagnation years. Back when economists still thought every developed nation was turning Japanese. Robots were going to render blue color jobs redundant, white collar too, suppressing wages forever.
Silicon Valley billionaires, haunted by visions of idle truckers, displaced by ubiquitous self-driving semis, raced to pen universal-basic-income whitepapers. In those years, the real reason our central bankers raised rates was so that they might have something to slash in the next economic downturn. It was certainly not to suppress CPI; inflation was barely an ember.
Covid changed all that. Our politicians acquired the taste for extraordinary deficit spending, funded by the Federal Reserve. And where our central bankers once wondered what it would take to generate inflation, they now question what is required to contain it.
“My plan is to address inflation and it starts with a simple proposition: Respect the Fed and respect the Fed’s independence, which I have done and will continue to do,” declared Biden, not yet halfway through his presidency, as deeply unpopular as was his predecessor, with inflation at 8.25%, unemployment 3.5%, overnight rates 0.75%, and a Fed Chairman only just now starting to quantitatively tighten.
[ZH: President Biden’s approval rating is now below that of former President Trump, having been 15 pts higher than Trump’s in March 2021… and The Fed hasn’t even really started QT yet.]
Can someone explain to me why having a record setting economy, record low unemployment, secure border, fair trade deals, ISIS eliminated, China, Iran, the Taliban, North Korea all put on ice would make Trump “unpopular”? The only people I could think of that would disapprove of all that would be enemies of the USA and that’s why I call them that. Think about it: Seeing “Make America great” drove them up the wall. To hell with these scumbags, I am sick to death of hearing this crap that Trump was a bad POTUS.
Trump is unpopular? With who?
Biden is far more UNPOPULAR than Trump.
Consider how bad it would be if Biden had the same scrutiny and personal hatred that the DNCMedia gave Donald.
Basically, they did EVERYTHING to diminish Trump, including going with fake Russian collusion and treason stories, lied about his actual words (Nazis are good people, too) and made him look like a fool.
Biden on the other hand, has really serious corruption his family in his family that they lied to cover up, and has/is experiencing early dementia, which they also are still covering up.
U, Trump was really popular except with libtards and lincoln homos like Conway, Kristol ,Cheney, neocon types.
Trump had low ratings at the beginning of his term but if I recall correctly, just before the China virus pandemic hit in early 2020, the economy was booming and one poll had him above 50%.
Good lord I hate journalists! They are the pimple on the butt of Satan!
Trump is not unpopular.
He is feared.
And rightly so.
He sent mean tweets dontcha know!
Easy one.
The MSM (besides fox) is completely biased to the left and against Trump. So for 4 years they bombarded the public with a steady stream of biased, one sided attacks on him.
Propaganda-fake news, both the same.
On Rasmussen, since September, Biden has enjoyed a floor on his “strongly approve” of 20%. No matter how bad things got, he always got at least 20% hitting “strongly approve”.
https://www.rasmussenreports.com/public_content/current_events/politics/prez_track_jun03
The last few days, that floor has been cracking. Some days he’s at 18%. If I see that floor fully crack before November, the Democrats are in trouble, regardless of vote fraud.
Many of the wealthier people want a large labor pool (high unemployment, large numbers of migrants), easy money (low interest borrowing for trade and services speculation), social anarchy (anything goes—respect for the unhealthy behaviors of their wayward relatives), no masks or physical distancing (larger, thicker crowds of customers, revenues, tourism) and no “wars” (i.e., no early national defense operations because of resulting market changes, trade disruptions, higher taxes, decreased tourism and services). Several of them have publicly said in the recent past that there will be no more wars. Imagine that.
You can’t always get what you want. They sponsor the media, too. Not all wealthy people are rent seekers, though.
The adoring fans filling 45,000 seats at the stadium screaming, chanting .....
BIDEN! GO BIDEN! WE LOVE YOU! WE LOVE YOU!
Oh wait ......
Pedophiles.
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