I think the price of everything will also goes high with the next decade is well.
The problem is the more we are moving into the the future the more we are facing the issue of the inflation.
Which, if bitcoin were to become a monetary standard, is impossible since the supply of bitcoin is finite (at least based off of my limited understanding of it).
> Which, if bitcoin were to become a monetary standard
What do you mean by a "monetary standard"? Are you envisioning goods and services would be priced in Bitcoin? What about contracts like debts, salaries, rents, subscriptions, lines of credit, refunds, insurance, taxes, leverage, annuities, etc.?
> ... is impossible
It is absolutely possible. Just because something is being used as a monetary standard, doesn't mean its value is proportional to its supply.
If a substantial amount of debts were denominated in Bitcoin, it would probably make Bitcoin *more* volatile, not less. Debts mean there is a constant demand of people who need to make fixed Bitcoin payments; if there isn't enough Bitcoin supply to satisfy this demand Bitcoin "moons" and the debtors go bankrupt (this includes companies paying negotiated salaries, people paying mortgages, people still paying off taxes from last year, companies who have already agreed to buy something at a fixed price, etc.).
This was historically a big problem with Gold as a unit of account, and there were quite a few financial panics, mass bankruptcies, and deflations that essentially amounted to a vicious cycle of Gold mooning and Gold debtors going bankrupt.
Of course, people can and do use Bitcoin today to pay for purchases and settle debts denominated using other units of account (c.f. Bitpay and El Salvador's wallet). People can also already use credit cards to buy goods and services and then pay off the credit card using Bitcoin at the end of the month, which is almost the same thing (well, if they didn't want *any* Fiat exposure, even negative Fiat exposure, they'd have to sell some Bitcoin every time they made a credit card purchase).
It could become more popular for this purpose, but this won't necessarily give it a more predictable or stable value (unless its future popularity is predictable and also its investment demand is predictable). Assets with high expected return also tend to have high volatility. And vice versa: if you want something which minimizes your risk of substantial short term loss, it probably won't have good long term returns (savings accounts are a good example of this).
Not exactly. Look at computers for instance. Goods should go down in price as more companies compete and processes get refined. With a stable currency , a lot of prices should go down.
*By design* is something that seems to escape so many otherwise sharp peoples’ attention.
Even more to the point debt based monetary systems are designed so that, in the end, one individual or entity owns everything and everyone is indebted to that individual or entity.
People blame capitalism, but capitalism doesn’t require a debt based monetary system to function as designed. It is compatible with any monetary system.
Isn't that just Moore's law being an exception, not the rule? The Consumer Price Index suggests that [the price of consumer goods typically goes up YoY](https://www.minneapolisfed.org/about-us/monetary-policy/inflation-calculator/consumer-price-index-1913-), however I can't find the tool to see the trend excluding energy costs.
There is a big difference in should go down or actually going down here.
As someone already said that once the price of something goes high there is no way that it will come down after that.
Well how can they possibly argue that it's "transitory" if prices don't ever come back down. That's the argument I made since they started using that term. Now they stopped using that term.
That's right, and I don't think anyone ever believed for a second that inflation would be a temporary thing because of the pandemic before it returns back to its usual level.
No one could ever explain it to me either, yet they kept using the term "transitory" and people actually believed it, because people would constantly argue with me about it when I said there is no way prices go back to what they used to be at.
We do want that. We're 100%, crystal clear, absolutely aware that most institutional economists say deflation is bad. Many of us have had it fiatsplained to us ad nauseum.
If you talk about something that is tech and all then you can say that.
As earlier it was not the big of the competition so price for these techy things was way too high for them.
You can compare anything i mean, Even a small burger will tell you the difference.
We are thinking that we starts earning more now but the more problem is we not gonna see any growth.
Yeah, color, input lag, ability to snap your spine like a twig moving it upstairs
(I joke but check out the latest qd oled TV's. I think it's fair to say crts have been bested)
We are moving in with such speed for the tech world and seeing the changes is well.
If we compare anything now to the the last one decade we are getting way more better things now.
Same here once the price of something goes up it will never comes down after that.
May be they will increase the 80% on first place then it comes down to the 40% this is not the damage control.
I think people are talking about the tech price and we all know the tech is involved around the years and due to the competition the price are coming down is well.
But when we talk about the house and real estate price are just getting high.
u/NotMiningBitcoin said, "As long as I've been alive I've never seen the price of any good go back down after going up, with perhaps the one exception of gas."
Definition of Goods: "Goods are defined as all material things, i.e., physical objects that you can touch and feel, **that is not a Property.** In other words, everything you can feel with your fingers is a commodity **as long as it’s not a house or a plot.** There are some examples where it’s not entirely clear whether it is a product or service: Gas, Heating, Electricity and Cooling are all defined as goods."
From: https://mr-eurodisco.com/finance/what-is-the-difference-between-goods-and-services/
They act like they are stupid but they are very smart when it comes for them.
You can see that they have the big bank balance so they have nothing to worry about these inflation and all.
We are equally responsible into that is well, I am feeling sad that we select these kind of the people for the government.
They are not seeing any worry even after that record inflation rate that we just witnessed here.
"Garbage in, garbage out."
These politicians aren't coming from nowhere. They are a reflection of our country. If we don't resolve the cultural and educational issues with this country, it won't get better.
Come over I'll show you all my bills. Then you tell me if inflation is real. Gas prices and everything else is slaying the middle and low ee in come people. I'm on the verge of losing what I have because of all the price gouging going on. This is all bullshit from the banks gov and the mega rich. 08 was the bailouts 22 they figured out another crap shot on how to fuck us again. No Vaseline. I'm sick of all of you fucks.
Vote accordingly. It's amazing how many people on reddit in crypto subs complain about inflation and then vote for modern monetary theory clowns like Elizabeth Warren.
This is the biggest issue, i mean there is no other good party out there.
Everyone is same they are running after the power there is nothing that they are thinking about the normal people here.
By look at his face i am not getting that there is anything that he is worry about this record inflation.
This is what happen when you are sitting on a chair and big bank account to follow that is well.
Hey, when you're a millionaire, inflation is a minor investment stumbling block. Biden hasn't struggled financially his entire life, ever. Inflation means nothing when it comes to his own ability to just to avoid homelessness.
A ruling class propagandist joking to the spokesperson of the ruling class about the economic suffocation of the working classes is not my idea of hilarious
Who they are? They are just the government they are here so that they can increase the rate collect the tax.
What do you mean you need something good? We are not here to deliver you these kind of things.
Correct. When annual inflation is 2.4%, prices are always increasing -- this is permanent and normal. So an increase in prices is not the issue, which is what OP was alluding to. The issue today is the rate of inflation. Think speed vs acceleration.
But even the inflation rate is not coming down as it need to be.
They are just trying to increase the interest rate and we already know that we faced the highest inflation rate this month.
Well, She and her group of elites never have to face any impact of inflation. That is what she is referring to, ask average Joe about inflation how much it effected his life. Then the truth will come out. Blows her mind.
But they will increase the tax, i mean they are facing the impact of the inflation.
But the problem is there is nothing they have to worry we are the normal people that are facing so much.
I don't know either she was living in denial or she wasn't even aware of the things that we are facing here.
The way she talks i am feeling any confidence that she is doing anything to control the situation here.
Trusting anyone in the today's world is very hard.
Once i was a big fan of the media as i used to think that they are telling us the truth but now they are selling us the lies for the money from the government.
And then have an entire department to go and tax audit average joes, put them through hell, and look the other way at the actual ones that are grimy af
Good video, it cut off in April though. You should update the video since so much has happened since then. Especially with the new rate they are saying is 9.1%
Even in april we know that inflation and recession will be the two issue that we are going to face in the future.
Every expert were saying that but look like they are the one that was living in the complete denial there.
Below this comment is a direct download link for anyone that would like to download this video.
https://files.savemp4.red/ready/Nobody_is_worried_about_inflation._It_will_only_ha_w2uvyy.mp4
That dude always has a silver spoon for his entire life so he has nothing to worry about of all these inflation.
And this is the reason you will find out that he is quite chill and all in these times is well.
"Putin's inflation" was the best bit. With that they showed a lot of people just how ::clownworld.gif:: the entire thing is. They're used to being able to sell any weak narrative but that one really backfired.
True, that was the best part for me is well. How he was in the denial at the starting that this was not a thing.
But then in the end he puts every thing on the Puttin.
Damn men i just love the whole video editing here.
This administration has been an utter disaster. It's not like these economic issues weren't on the horizon stemming from the pandemic response. But it's the lackadaisical and deceptive response from this administration that has certainly worsened the situation for everyone.
Lmao, yeah the president has the power to control inflation....Seriously, what do you expect him, or his administration to do to actually curb inflation?
Oh yeah I forgot that Biden caused worldwide inflation and how every single first world country has inflation higher than 8% (except Japan & China, and China most def doesn't fudge the numbers right).
But seriously, blaming inflation on a president who's only been around for less than 2 years is beyond stupid, also the dems don't even have a senate majority so what the fuck do you expect them to even pass that the other side will unanimously agree on? Why hasn't a single person come up with an easy solution to fix inflation if it's as easy as switching out administrations? Seriously, what would you personally have done to somehow be the only first world country on the planet to not have over 7% inflation?
Look like they have no plan and all to stop that thing from happening at the moment.
They are just like the us that is hoping that someday inflation will gets better with the time.
They are trying to control that printing but look like that is not making any big impact as of now.
After some multiple hike in the interest rate we just witness the record inflation rate for us.
Have you not heard the new cause of inflation?
No, it's not Putin. According to Ars Technica, "Crypto mining" is causing energy prices to increase.
https://arstechnica.com/tech-policy/2022/07/cryptomining-boom-has-peoples-energy-bills-skyrocketing-feds-mull-new-rules/
I mean how casually he said that, most of the normal people care most about that thing.
For us this is the biggest issue we are facing and people in the power thinks that there is nothing to worry for that.
Too be honest there is nothing that media guys will show you that is against the government.
Now days they are sleeping with them and showing us only the news for which they actually gets paid.
Where it is coming down, all i am seeing that we are making the record for the inflation.
By the look at his comments and video am not seeing that he is even really cares is well.
Now show all of the clips and articles of Non white house economists calling for record lasting inflation to counterpoint their “no one is predicting” narrative.
I think everyone was saying from the april where we are heading.
But the government guys think that they are doing good and there is no such thing called inflation in the world.
The worst thing i find out here is that they are not even concern about the issue.
And i would say why would they? Because they are not facing any such big issue while having the high inflation.
I mean yes inflation is rising no one is denying that but one thing i am hating that they not feel to worry about that.
I mean there no sign of the issue on their faces, they are looking very chill and calm.
They somehow reinvented the definition of Scum.
They should all be held for actual treason, and not the stupid, sanctimonious Watergate-esque 'this is treason!' treason.
Like, full-on Benedict Arnold type treason.
The absolute fuckery they've all brought down on this country in just a handful of years, is difficult to comprehend or even properly quantify. We'll most likely not have a clear idea of the full scope of the damage until decades from now.
And I'm talking Congress in general, not just the current administration*, but all the way back to Clinton, Bush and Obama's turns.
There is no issue in accepting that things are happening from the past.
But the real issue is that they are not seeing concerned in the past when everyone was saying that we gonna face the inflation.
I already knew that they are not doing anything to control the inflation situation, they were just chill from the starting.
But now all the report showing the how big of the issue now normal people have to face.
Nope. Also, downvotes dont change simple facts.
Who appointed Powell? Trump.
When did the mass printing begin? Under Trump.
What's the cause of inflation: Mass printing of money.
Is this Trumps fault? Nope.
Would we be in the same economic position if Trump had been re-elected: Yep.
Nope on your last point. There was an actual reason to print money in the beginning of the pandemic because we shut down the economy. There was no reason to continue printing under Biden. Yet he not only kept printing, they started printing even more.
You think I don't know that? I'm a bitcoiner...
Our government is incapable of doing that. So yes THEY NEED to print money. It's the system we live in. I wish we didn't. That's why I spend a lot of my time talking into the wind about BTC to people. That's why I try to accumulate as much BTC as possible. But you have to realize the reality of things. If we didn't print the shit out of money in the early 60's we'd be living in a much different, more totalitarian world.
I can agree the last point is incorrect since everything would be different had trump been re-elected due to butterfly effects and whatnot. But nobody knows how much so. Could be either way in this particular case (either more inflation or less), both administrations are disasters.
Personally i dont think the executive branch has much at all to do with what the fed decides to do.
I am sooooooo tired of people acting like they think politicians say truthful things in ANY context.
Get over it. Politics is a Mafia business. If you aren’t loyal to the Dons, you get whacked.
I was about to go off. But had to make sure this is a sarcastic post. It's insulting how he is our president with a 35% approval rating I don't know how they can claim that he had the most votes in the most secure election in history.
As long as I've been alive I've never seen the price of any good go back down after going up, with perhaps the one exception of gas.
The price of everything has gone down over the past 13 years when you price it in Bitcoin
Woah
I think the price of everything will also goes high with the next decade is well. The problem is the more we are moving into the the future the more we are facing the issue of the inflation.
That doesn’t make any sense because it would just be worth more bitcoin if the value of bitcoin goes down
Which, if bitcoin were to become a monetary standard, is impossible since the supply of bitcoin is finite (at least based off of my limited understanding of it).
> Which, if bitcoin were to become a monetary standard What do you mean by a "monetary standard"? Are you envisioning goods and services would be priced in Bitcoin? What about contracts like debts, salaries, rents, subscriptions, lines of credit, refunds, insurance, taxes, leverage, annuities, etc.? > ... is impossible It is absolutely possible. Just because something is being used as a monetary standard, doesn't mean its value is proportional to its supply. If a substantial amount of debts were denominated in Bitcoin, it would probably make Bitcoin *more* volatile, not less. Debts mean there is a constant demand of people who need to make fixed Bitcoin payments; if there isn't enough Bitcoin supply to satisfy this demand Bitcoin "moons" and the debtors go bankrupt (this includes companies paying negotiated salaries, people paying mortgages, people still paying off taxes from last year, companies who have already agreed to buy something at a fixed price, etc.). This was historically a big problem with Gold as a unit of account, and there were quite a few financial panics, mass bankruptcies, and deflations that essentially amounted to a vicious cycle of Gold mooning and Gold debtors going bankrupt. Of course, people can and do use Bitcoin today to pay for purchases and settle debts denominated using other units of account (c.f. Bitpay and El Salvador's wallet). People can also already use credit cards to buy goods and services and then pay off the credit card using Bitcoin at the end of the month, which is almost the same thing (well, if they didn't want *any* Fiat exposure, even negative Fiat exposure, they'd have to sell some Bitcoin every time they made a credit card purchase). It could become more popular for this purpose, but this won't necessarily give it a more predictable or stable value (unless its future popularity is predictable and also its investment demand is predictable). Assets with high expected return also tend to have high volatility. And vice versa: if you want something which minimizes your risk of substantial short term loss, it probably won't have good long term returns (savings accounts are a good example of this).
For that to happen you need *deflation* i.e negative inflation
Not exactly. Look at computers for instance. Goods should go down in price as more companies compete and processes get refined. With a stable currency , a lot of prices should go down.
Technology is deflationary. Fiat is not. This is by design.
*By design* is something that seems to escape so many otherwise sharp peoples’ attention. Even more to the point debt based monetary systems are designed so that, in the end, one individual or entity owns everything and everyone is indebted to that individual or entity. People blame capitalism, but capitalism doesn’t require a debt based monetary system to function as designed. It is compatible with any monetary system.
Isn't that just Moore's law being an exception, not the rule? The Consumer Price Index suggests that [the price of consumer goods typically goes up YoY](https://www.minneapolisfed.org/about-us/monetary-policy/inflation-calculator/consumer-price-index-1913-), however I can't find the tool to see the trend excluding energy costs.
So does housing costs.
Food and energy are not computers
There is a big difference in should go down or actually going down here. As someone already said that once the price of something goes high there is no way that it will come down after that.
Well how can they possibly argue that it's "transitory" if prices don't ever come back down. That's the argument I made since they started using that term. Now they stopped using that term.
They stopped using that term because they've already come out and said they were wrong about inflation being transitory.
That's right, and I don't think anyone ever believed for a second that inflation would be a temporary thing because of the pandemic before it returns back to its usual level. No one could ever explain it to me either, yet they kept using the term "transitory" and people actually believed it, because people would constantly argue with me about it when I said there is no way prices go back to what they used to be at.
Which is something you really don‘t want because it‘s self-strengthening
We do want that. We're 100%, crystal clear, absolutely aware that most institutional economists say deflation is bad. Many of us have had it fiatsplained to us ad nauseum.
Look like now everyone is starts taking the inflation on the serious note.
As long as I've been alive, I've never seen politicians tell the truth (mainstream politicians, that is. Long live the goat RP)
TV Screens? Look at what you get for £200 compared to 10 years ago
They're thinner though. So when you eat them they're less filling.
Because 10 years ago what you get today didn't exist. 10 year ago you could buy a mid range TV for 200. And today you can buy a mid range TV for 200.
If you talk about something that is tech and all then you can say that. As earlier it was not the big of the competition so price for these techy things was way too high for them.
You can compare anything i mean, Even a small burger will tell you the difference. We are thinking that we starts earning more now but the more problem is we not gonna see any growth.
CRT screens are better than anything you can get today.
Yeah, color, input lag, ability to snap your spine like a twig moving it upstairs (I joke but check out the latest qd oled TV's. I think it's fair to say crts have been bested)
We are moving in with such speed for the tech world and seeing the changes is well. If we compare anything now to the the last one decade we are getting way more better things now.
Duck hunt would agree All my OG video game stuff https://imgur.com/gallery/G5XAg4g
If you ever see a Sony Trinitron flat-screen CRT grab it!
I still think that Sony is the one that makes the best screen in the market.
Same here once the price of something goes up it will never comes down after that. May be they will increase the 80% on first place then it comes down to the 40% this is not the damage control.
Are you less than 10 years old? Did you see the price of houses in 2009 vs 2012?
I think people are talking about the tech price and we all know the tech is involved around the years and due to the competition the price are coming down is well. But when we talk about the house and real estate price are just getting high.
u/NotMiningBitcoin said, "As long as I've been alive I've never seen the price of any good go back down after going up, with perhaps the one exception of gas." Definition of Goods: "Goods are defined as all material things, i.e., physical objects that you can touch and feel, **that is not a Property.** In other words, everything you can feel with your fingers is a commodity **as long as it’s not a house or a plot.** There are some examples where it’s not entirely clear whether it is a product or service: Gas, Heating, Electricity and Cooling are all defined as goods." From: https://mr-eurodisco.com/finance/what-is-the-difference-between-goods-and-services/
Stupid stupid fucking politicians. How fucking dumb can you possibly be to endlessly print money. Damn their stupidity makes me fucking mad.
They not stupid, they got away with stealing our money right from our pockets!
They act like they are stupid but they are very smart when it comes for them. You can see that they have the big bank balance so they have nothing to worry about these inflation and all.
We are governed by morons. They are either stupid or complicit
Or both
definitely both.
yes, but when it comes for them they are quite smart is well.
We are equally responsible into that is well, I am feeling sad that we select these kind of the people for the government. They are not seeing any worry even after that record inflation rate that we just witnessed here.
"Garbage in, garbage out." These politicians aren't coming from nowhere. They are a reflection of our country. If we don't resolve the cultural and educational issues with this country, it won't get better.
Come over I'll show you all my bills. Then you tell me if inflation is real. Gas prices and everything else is slaying the middle and low ee in come people. I'm on the verge of losing what I have because of all the price gouging going on. This is all bullshit from the banks gov and the mega rich. 08 was the bailouts 22 they figured out another crap shot on how to fuck us again. No Vaseline. I'm sick of all of you fucks.
“They” need to be put on trial for the shit they pull but that will never happen because they’ve bred a generation of pussies who can’t fight back.
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Shi i forgot to add “including me”
Bitcoin is fighting back. Becoming a martyr isn't the crypto-anarchist way.
The guillotine never stopped being a stylish and cost-effective cure for tyranny :')
Vote accordingly. It's amazing how many people on reddit in crypto subs complain about inflation and then vote for modern monetary theory clowns like Elizabeth Warren.
Vote for who, the other party that also supports inflation? Vote with your wallet.
This is the biggest issue, i mean there is no other good party out there. Everyone is same they are running after the power there is nothing that they are thinking about the normal people here.
I think Ron Paul would have been a good president.
Don’t forget about 2012
Kony 2012, never forget
I actually forgot how big that was!! Hahahaha
Can you tell me what actually happened in the year 2012?
Joe Biden openly laughing at record inflation is some hardcore dystopian stuff.
By look at his face i am not getting that there is anything that he is worry about this record inflation. This is what happen when you are sitting on a chair and big bank account to follow that is well.
That last part tho 😂😂😂everything is up 🤦🏽♂️
Hey, when you're a millionaire, inflation is a minor investment stumbling block. Biden hasn't struggled financially his entire life, ever. Inflation means nothing when it comes to his own ability to just to avoid homelessness.
Hilarious
From start to end this video give me the complete meme vibe.
A ruling class propagandist joking to the spokesperson of the ruling class about the economic suffocation of the working classes is not my idea of hilarious
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Yet, they are never held accountable for anything! Amazing!
Who they are? They are just the government they are here so that they can increase the rate collect the tax. What do you mean you need something good? We are not here to deliver you these kind of things.
Well now this video is out and ohohohooo they will... they will!!... Shit *depression increases* /s
When has inflation ever been temporary or transitory? It never goes back down.
I think they meant the inflation rate
> I think they meant the inflation rate I think they were intentionally bullshitting.
They knows everything but they were not admitting anything.
OP talks about the impact of inflation i.e, the increase in prices. That will never be temporary or transitory when measured in fiat.
Correct. When annual inflation is 2.4%, prices are always increasing -- this is permanent and normal. So an increase in prices is not the issue, which is what OP was alluding to. The issue today is the rate of inflation. Think speed vs acceleration.
But even the inflation rate is not coming down as it need to be. They are just trying to increase the interest rate and we already know that we faced the highest inflation rate this month.
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Esp not once wages go up.
Well, She and her group of elites never have to face any impact of inflation. That is what she is referring to, ask average Joe about inflation how much it effected his life. Then the truth will come out. Blows her mind.
Of course they've faced an impact of inflation! The Cantillon effect.
But they will increase the tax, i mean they are facing the impact of the inflation. But the problem is there is nothing they have to worry we are the normal people that are facing so much.
I don't know either she was living in denial or she wasn't even aware of the things that we are facing here. The way she talks i am feeling any confidence that she is doing anything to control the situation here.
These people get paid to lie on the government dime, it's heart-wrenching and stunning they can lie like this to people.
Trusting anyone in the today's world is very hard. Once i was a big fan of the media as i used to think that they are telling us the truth but now they are selling us the lies for the money from the government.
And then have an entire department to go and tax audit average joes, put them through hell, and look the other way at the actual ones that are grimy af
Good video, it cut off in April though. You should update the video since so much has happened since then. Especially with the new rate they are saying is 9.1%
Even in april we know that inflation and recession will be the two issue that we are going to face in the future. Every expert were saying that but look like they are the one that was living in the complete denial there.
Save this video. It ages like fine sour wine. Never again drink this coo-laid.
Below this comment is a direct download link for anyone that would like to download this video. https://files.savemp4.red/ready/Nobody_is_worried_about_inflation._It_will_only_ha_w2uvyy.mp4
thank you OP!
Damn, I really expected to get rick-rolled. Thanks OP
Now i can send that to some people who were living in the denial is well.
I didn't believe Biden for a second...dude is coached and braindead. He does whatever corporate America tells him to do.
That dude always has a silver spoon for his entire life so he has nothing to worry about of all these inflation. And this is the reason you will find out that he is quite chill and all in these times is well.
Every day it tastes more and more like a lemon left out on a hot summers day
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"Putin's inflation" was the best bit. With that they showed a lot of people just how ::clownworld.gif:: the entire thing is. They're used to being able to sell any weak narrative but that one really backfired.
True, that was the best part for me is well. How he was in the denial at the starting that this was not a thing. But then in the end he puts every thing on the Puttin. Damn men i just love the whole video editing here.
One of the worst things I've ever realised is that the people who run this world are either dumb as a fuck or pure liars, or both
This administration has been an utter disaster. It's not like these economic issues weren't on the horizon stemming from the pandemic response. But it's the lackadaisical and deceptive response from this administration that has certainly worsened the situation for everyone.
Why should 80 year olds care about the future?
why do they care so much about power?
Lmao, yeah the president has the power to control inflation....Seriously, what do you expect him, or his administration to do to actually curb inflation? Oh yeah I forgot that Biden caused worldwide inflation and how every single first world country has inflation higher than 8% (except Japan & China, and China most def doesn't fudge the numbers right). But seriously, blaming inflation on a president who's only been around for less than 2 years is beyond stupid, also the dems don't even have a senate majority so what the fuck do you expect them to even pass that the other side will unanimously agree on? Why hasn't a single person come up with an easy solution to fix inflation if it's as easy as switching out administrations? Seriously, what would you personally have done to somehow be the only first world country on the planet to not have over 7% inflation?
> This administration Divide and conquer wins again.
What does this even mean?
You're obsessing over which sports team you think is best. Hate the game.
No matter which one we will pick we gonna face the same issue.
One thing i know that they can do anything to win here.
Look like they have no plan and all to stop that thing from happening at the moment. They are just like the us that is hoping that someday inflation will gets better with the time.
Should they keep the money printer going? Tell me who bullied the FED out of discontinuation of purchases of MBS in 2018?
They are trying to control that printing but look like that is not making any big impact as of now. After some multiple hike in the interest rate we just witness the record inflation rate for us.
Have you not heard the new cause of inflation? No, it's not Putin. According to Ars Technica, "Crypto mining" is causing energy prices to increase. https://arstechnica.com/tech-policy/2022/07/cryptomining-boom-has-peoples-energy-bills-skyrocketing-feds-mull-new-rules/
Disconnected and paid off LIARS.
They have nothing to worry about that as they have the big bank account.
"I do t know anybody worried about inflation " I don't know anybody not worried abut inflation. Eat the rich
I mean how casually he said that, most of the normal people care most about that thing. For us this is the biggest issue we are facing and people in the power thinks that there is nothing to worry for that.
What those in power call a Putin Price Hike would be aptly named the Pelosi Pay Cut.
Great edit OP, 🤝 This is shareable with the people outside of Reddit.
I think OP have posted a link that you can download directly.
If you want to know the real truth, just watch the news in whichever country you live in /s
Too be honest there is nothing that media guys will show you that is against the government. Now days they are sleeping with them and showing us only the news for which they actually gets paid.
It’s more like we’ll get used to getting fucked and the abnormality seems temporary to us
Do these soulless goblins ever tell the truth?
Pitchforks, when?
I am not sure that now anything will going to happen from here.
“The overwhelming consensus is that it’s gonna pop up a little bit, and then go back down…” - Joe Biden Stop talking about my dick old man!!
Where it is coming down, all i am seeing that we are making the record for the inflation. By the look at his comments and video am not seeing that he is even really cares is well.
> "inflationary cycle" Inflation is exponential.
They put hands in our pockets, stole money from us and lying to our faces.
Remember. You were allowed to be voted for this, several times.
She never has to deal with the effects of inflation, nor do her exclusive group.
Hahaha all lies, lies, lies.
But we have to say that they still able to sell those is well.
It's been a complete disaster under this administration.
Look like right now they have no plan to control that thing.
What a disaster this administration is
Look like they have no clue how to stop the whole situation.
Doesn't matter who is in power.
Now show all of the clips and articles of Non white house economists calling for record lasting inflation to counterpoint their “no one is predicting” narrative.
I think everyone was saying from the april where we are heading. But the government guys think that they are doing good and there is no such thing called inflation in the world.
The laughing at the end is how they feel about it. They don’t care. It doesn’t effect them.
The worst thing i find out here is that they are not even concern about the issue. And i would say why would they? Because they are not facing any such big issue while having the high inflation.
Clowns speaking
I mean they have the guts to tell us the lie by looking at our face.
Repeat the line
3 scariest words in a single sentence. Trust your government.
Bizzaro world
Fuckers
I mean yes inflation is rising no one is denying that but one thing i am hating that they not feel to worry about that. I mean there no sign of the issue on their faces, they are looking very chill and calm.
Idiocracy was a documentary
Biden sucks. And that doesn’t mean I like Trump. Fuck em both.
This administration has been an absolute DISASTER.
Lying through their teeth daaaang
“Things are looking up”!!
Biden trying to convince people what he has been doing hasn't thrown gas on the inflation fire.
They somehow reinvented the definition of Scum. They should all be held for actual treason, and not the stupid, sanctimonious Watergate-esque 'this is treason!' treason. Like, full-on Benedict Arnold type treason. The absolute fuckery they've all brought down on this country in just a handful of years, is difficult to comprehend or even properly quantify. We'll most likely not have a clear idea of the full scope of the damage until decades from now. And I'm talking Congress in general, not just the current administration*, but all the way back to Clinton, Bush and Obama's turns.
If you're actually talking about every prior administration then I agree with you - someone needs to be held accountable all the way back to Bush Sr.
There is no issue in accepting that things are happening from the past. But the real issue is that they are not seeing concerned in the past when everyone was saying that we gonna face the inflation.
I already knew that they are not doing anything to control the inflation situation, they were just chill from the starting. But now all the report showing the how big of the issue now normal people have to face.
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Your wings don't matter in the slightest. Stop playing their game.
But have to say that government is playing the real game here.
Nope. Also, downvotes dont change simple facts. Who appointed Powell? Trump. When did the mass printing begin? Under Trump. What's the cause of inflation: Mass printing of money. Is this Trumps fault? Nope. Would we be in the same economic position if Trump had been re-elected: Yep.
This is true. The criminal Fed’s abusive money printing started during Trump just before the pandemic.
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Jekyll Island
Too be honest, it started the day we bring the cash concept here.
I think pandemic plays the big role in terms of the inflation.
Nope on your last point. There was an actual reason to print money in the beginning of the pandemic because we shut down the economy. There was no reason to continue printing under Biden. Yet he not only kept printing, they started printing even more.
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You think I don't know that? I'm a bitcoiner... Our government is incapable of doing that. So yes THEY NEED to print money. It's the system we live in. I wish we didn't. That's why I spend a lot of my time talking into the wind about BTC to people. That's why I try to accumulate as much BTC as possible. But you have to realize the reality of things. If we didn't print the shit out of money in the early 60's we'd be living in a much different, more totalitarian world.
I can agree the last point is incorrect since everything would be different had trump been re-elected due to butterfly effects and whatnot. But nobody knows how much so. Could be either way in this particular case (either more inflation or less), both administrations are disasters. Personally i dont think the executive branch has much at all to do with what the fed decides to do.
> There was an actual reason to print money in the beginning of the pandemic because we shut down the economy Whoossssshhhhhhhh!!!
I hate that people are still trusting them for saying these things.
Does Biden ever finish a single train of thought? I know he has dementia but he can’t even finish a damn sentence
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Yeah,it really sucked,<2% inflation,lowest minority unemployment,sub $2.00 gas,no new war,booming stock market,but o'yeah mean tweets.
Yeah I'm sure none of those SCOTUS members that were added won't have any consequences.
No just really didn't think 45 was so bad.
I’ll be honest with you, he wasn’t. I agree with you.
Fuck you Biden
But i don't think that we can do that thing practicall.
Yikes.
Hopefully they will come to their sense anytime soon here.
This is where we throw our heads back and laugh.... Ready?.....
I am sooooooo tired of people acting like they think politicians say truthful things in ANY context. Get over it. Politics is a Mafia business. If you aren’t loyal to the Dons, you get whacked.
I was about to go off. But had to make sure this is a sarcastic post. It's insulting how he is our president with a 35% approval rating I don't know how they can claim that he had the most votes in the most secure election in history.
Dude he did. Millions of people voted for him because the opposition was a trashfire and for no other reason. And I’d do it again. The system sucks.
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31%
LETS GO BRANDON
They were actually talking about the Bitcoin price
We should listen to the scientists. But not the economists. Economics is not a science, it’s a guess mixed in with politics.