Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: RandFan
Rapidly create 10s of TRILLIONS of fiat 'dollars' -
and lo and behold - bad things start happening.

Who woulda thought it?

/s

3 posted on 12/11/2021 3:30:46 AM PST by GaltAdonis
[ Post Reply | Private Reply | To 1 | View Replies ]


To: GaltAdonis
I saw this posted on a local blog by someone who is not an economist just over 70:

“I assume given the early Friday deadline, you could not mention the appalling inflation rate, year over year, 6.8%. President Brandon has only been in office for about 10 months and the rate of increase in the rate of inflation has been increasing. Month over month the rate was .8% which is about 10% annualized. IOW with Brandon at the controls the nation is headed to becoming the Wiemar republic fiscally. My advice, buy a wheelbarrow so you can have enough money to pay for your next loaf of bread. Or I guess Brandon can order the engraving and printing people begin making $1 million dollar bills.

This cannot continue. If not today, soon the interest rates MUST begin to ratchet up across the board. Anyone who was buying a home around 1980 when the now second worse president, Carter, was around, will recall interest rates beginning at 13% for a mortgage. Housing plummeted.

Next up, the dollar being the reserve currency of the world could be replaced. That would be a disaster for our standard of living. Today the white house actually said: because of the high inflation, the Congress must pass the $2T spending bill pronto.

Do they have a clue what causes runaway inflation?? Supply verses demand theory, Wage driven price expansion, Greshams law, and other economic axioms seem to have no applicability to this administration and the nitwits running the legislative branch. What is next? A war over the Ukraine. Hopefully they get removed before we get to that bad idea.”

IMO, it is not just Brandon. As he says, it is the nitwits running the legislative branch. After friday, if they took that SOB Senator Turkey Neck out and hanged him, I'd be happy. I hate the known enemies but when an alleged ally goes over, that is what I call being a traitor.

The Jan 6th commission is the legislatures attempt to forestall trigger finger recalls. They must really be worried because our side has raised nary a peep about them. From what I see going on in the country as a whole, it is like everyone is grabbing what they can while they can. Kind of like there are only so many life jackets on the Titanic. What they do not know is the jackets will not protect them in 40 degree water.

27 posted on 12/11/2021 5:28:22 AM PST by Mouton (The enemy of the people is the media )
[ Post Reply | Private Reply | To 3 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson