Posted on 12/27/2020 6:40:05 PM PST by ransomnote
That probably isn't true given that Biden's policies will cause a recession and that will restrain any potential inflation.
But, it is true that would be effect of universal income.
what is the monday stock market impact if any?
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https://www.investing.com/indices/us-30
Ol' Mitch, Roy Blunt & Co like the pork just fine. After all, as Linda Graham said, those Pakistani women have it rough!
It's the Trump-endorsed raise to $2,000 for We The People they said they will BLOCK. Because of that pesky DEFICIT!!! We just can't afford it! And they're all "fiscal conservatives," doncha know!
Sure it does...if you buy Bitcoin and gold with it.
"Freedom Caucus" my ass. With few exceptions, every single one of those "fiscal conservatives" rubber-stamped every penny of the $10 trillion for the Endless War handouts to the M.I.C. and to double the size of the DHS and NSA since 9/11. Trillions which left us nothing to show for it. Trillions when the Chinese never spent a dime, and laughed at us while they bought out half the ports on Earth via "Belt and Road."
They’ve been printing money and we’ve had “universal income” policy in place for decades... only the flow of printed money all went to a less than “universal” select few businesses... not to you or yours at all... only to theirs.
Now, with the Covid... they’ve restricted the flows even more, as seen in the new Pork Pie they tried force through... while they prevent people from working, going to church, or eating at restaurants and shopping at stores they don’t own.
But, if you don’t change the amount of the newly printed $ that flows out into the market... but only change who it flows TO... that is a real net zero impact in the economy ?
But, if you were dependent on that flow... and it went to zero as it flowed to someone else instead of you, suddenly... the specific impact in changed flows is not ever a zero impact ? Who benefits... and who does not... from the policy choices that are made ?
I’m not advocating for bogus BS economics... but, if you change the flows, now... and it only cuts off those flows that have been a singular benefit to the bankers and their friends, and the flow redirects to real people who are put out of work ?
How the banks can lose money in a business that prints money out of thin air is a good question not asked often enough... but, when they lose it... who do they lose it to ? Not you ?
Fiat has many weaknesses... but the worst of them is in the basic inequity in its distribution. Fiat with equitable distribution... newly printed money flowing equally to all who are citizens, say, causing all others to compete to get it... overcomes the problems attendant with economies being starved of liquidity by those who control the flows to narrow the benefit to a minority.
America became wealthy, in the years before the Revolution, mostly by avoiding forced dependence on the artificially limited supply of good currency. Local scrip lubricated the flow of good and services locally, in spite of the forced shortage of real money... which forced shortage was being used to enrich the British banks at all others expense.
When the Brits learned what was happening to make us successful, and stopped that happening... the American economy cratered... and we soon decided that going to war with King George was a much better option than being starved out by the English bankers.
How close are we to that point again, today... after YEARS of similarly malign policy from essentially the same banks ?
He could have gone out and done the right the thing but he did not. He actually did the very thing you would expect from a swamp dweller. He is blowing smoke up our asses about the Act, he has tried it before and it did not work. He knows it and I am sure he and Lindsey discussed how best to try and fool the people into thinking he is actually doing something good.
Screw 6 Jan 2021, Trump just screwed everyone of us on his way out the door with this BS claim he got tough when all he did was cave. He is lying to us and that honestly takes the wind out of our sails. He can go protest by himself. Rush was right, Trump was the only one who could separate himself from his supporters, he just did it.
We get $600, the Senate gets $89 million for new furniture
Win Win!
He had little choice. President Trump held out as long as he could to try to get a better deal and the whole weight of D.C. was against him.
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So true. Our “representatives” could care less about us or our country. They’re interested only in themselves and how much money they can rake in.
Or print leaflets with the not yours to give story (Davy Crockett). But yeah, the gold is probably a better investment.
i don’t think the pocket veto timing worked out right. This bill was delivered too early to successfully execute a pocket veto. If it came a day or two later, then a pocket veto would work (10 non-sunday days before Jan 3rd (midnight))
“the pork part already passed... all dem has to do is put up a bill to make up the difference, 1400$ and ignore the rest. and trump will sign that.”
How much do you want to bet that the new bill will also have pork?
“When everyone else gets $2000, the $2000 you get has no value.”
Exactly! It’s like the moronic universal basic income. It’s just like redefining zero as 1000. And it won’t stay at just 1000 very long. Talk about moral hazard and further eliminating personal responsibility!
Yhis is not a just a slippery slope but a free fall.
This pile of nonsense is just more economic hari-kari and has nothing to do with a 'virus'. The gigs up.
Wanna buy some magic beans?
“Pork-O-Rama. At this point, the $30 trillion ain’t getting paid back.”
Why you thought the 20 trillion was going to be paid back?
We are in the midst of fully implementing “modern monetary theory”
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