Billionaire plans if giggles wins

[pjmret]

Kackles owns the Bidenomics fiasco while Walz attempts to futilely explain that he was talking about the US not being able to afford 4 more years of Trump instead of 4 more years of Bidenomics.

But thanks also for giving her credit for the record high stock market LOL

 

[Gabriel_Bell]

It is always true that government printing of more unbacked dollars to meet growing spending addictions leads to the devaluation of the dollar and the rise in costs of goods. That is what happened under Bidenomics.

You are an ignoramus when it comes to economics. Since the end of WWII, both parties observed that throughout the history of this country, there were crippling panics, crises, recessions and depressions every seven to ten years. If you know anything about American history, you would know this. But you don't know diddly. The solution has been to allow the dollar to depreciate in value about 2% yearly, which provides a buffer against the onslaught of monopolists that have always taken advantage of a crisis situation to make a quick buck. When Trump was president, there was a 2% inflation rate in place. Covid resulted in a huge number of workers being thrown out of their jobs, and supported by the government. This caused the inflation that later afflicted the Biden Administration.

Because the Biden Administration managed to cut inflation without throwing people out of work, this made the US the very best place for any investor to invest, which explains the huge surge in the DJIA, S&P500 and NASDAQ. Of course, many retailers and wholesalers took advantage of this and raised prices and profits. I observe that WMT, Wal*Mart stock is up by 78% for the past year. Costco is up 40%.

Biden has been one of the most successful presidents at economics and increasing the employment.
If you were in any way intelligent, you might have invested in WMT or Costco, and then you would not be bitching all the time about "Bideconomics".

You have no concept of how capitalism works.

 

[Randomguy]

It is always true that government printing of more unbacked dollars to meet growing spending addictions leads to the devaluation of the dollar and the rise in costs of goods. That is what happened under Bidenomics.

Define unbacked and backed dollars.

I think you spoke about something that you understand very little about.

 

[mark francis]

How could Harris own Something she isn't in charge of only someone completely stupid like yourself could claim she owns it LOL

But given how good unemployment and GDP growth have been I appreciate you giving or credit for that LOL

If Kackles does not own Bidenomics then who does, Trump. Democrats never take the blame for their own messes.

 

[mark francis]

But thanks also for giving her credit for the record high stock market LOL

I am reminded that the stock market soared to new heights in 1929 just prior to the banking collapse. Go figger.

 

[mark francis]

You are an ignoramus when it comes to economics. Since the end of WWII, both parties observed that throughout the history of this country, there were crippling panics, crises, recessions and depressions every seven to ten years. If you know anything about American history, you would know this. But you don't know diddly. The solution has been to allow the dollar to depreciate in value about 2% yearly, which provides a buffer against the onslaught of monopolists that have always taken advantage of a crisis situation to make a quick buck. When Trump was president, there was a 2% inflation rate in place. Covid resulted in a huge number of workers being thrown out of their jobs, and supported by the government. This caused the inflation that later afflicted the Biden Administration.

Because the Biden Administration managed to cut inflation without throwing people out of work, this made the US the very best place for any investor to invest, which explains the huge surge in the DJIA, S&P500 and NASDAQ. Of course, many retailers and wholesalers took advantage of this and raised prices and profits. I observe that WMT, Wal*Mart stock is up by 78% for the past year. Costco is up 40%.

Biden has been one of the most successful presidents at economics and increasing the employment.
If you were in any way intelligent, you might have invested in WMT or Costco, and then you would not be bitching all the time about "Bideconomics".

You have no concept of how capitalism works.

If Biden's plan has been so good why is Walz claiming we cannot take 4 more years of it?

 

[mark francis]

Define unbacked and backed dollars.

I think you spoke about something that you understand very little about.

Let's say Haiti decides to print trillions of dollars on printing machines in order to buy its citizens out of poverty. If there are no corresponding marketable goods backing the freshly printed money then the money is essentially counterfeit. The US has been running on credit for years, with newly printed money lacking backing from anything of corresponding value. In other words, US politicians are funding massive programs with counterfeit money.

 

[Gabriel_Bell]

If Biden's plan has been so good why is Walz claiming we cannot take 4 more years of it?

No four year period could ever be duplicated. What we do not need is for more years of MAGA fools blocking progress in Congress.

 

[Gabriel_Bell]

Let's say Haiti decides to print trillions of dollars on printing machines in order to buy its citizens out of poverty. If there are no corresponding marketable goods backing the freshly printed money then the money is essentially counterfeit. The US has been running on credit for years, with newly printed money lacking backing from anything of corresponding value. In other words, US politicians are funding massive programs with counterfeit money.

Haiti cannot print money and get anything but inflation, because the Haitian gourde is not the world's main currency. But the US dollar is. And it is undeniable that the people in the US have benefited from their economy for generations.

Until 1968. you could redeem a silver bill for actual silver at most banks.

So, ask yourself: do people live better now than they did in 1968?
If you want to invest in silver or gold you are free to do so.

As a rule, it is not the best investment you can make most of the time.
If you had invested in GDX, Van Eck Gold Miners, an Exchange traded fund, six months ago, you could sell it today for a 46.5% gain. But you would be well advised to sell it and reinvest it in something else, because gold is quite volatile.

SIL is one way to invest in silver, it is a very poor investment at the present.

 

[Randomguy]

If Kackles does not own Bidenomics then who does, Trump. Democrats never take the blame for their own messes.

Blah blah blah

You speak nonsense.

 

[Randomguy]

I am reminded that the stock market soared to new heights in 1929 just prior to the banking collapse. Go figger.

Yes in 2020 Trump claimed that if Biden wins, stock market will crash, skies will fall and America will no longer exist. And he is repeating the same nonsense about Harris.

 

[pjmret]

If Kackles does not own Bidenomics then who does, Trump. Democrats never take the blame for their own messes.

well, "bidennomics" is maybe owned by ..biden. duh.
of course, the economy is a function of all the branches of the government.

but yes, if you want to give credit for a record stock market, low unemployment and good gdp growth, biden would be a good choice

 

[mark francis]

Yes in 2020 Trump claimed that if Biden wins, stock market will crash, skies will fall and America will no longer exist. And he is repeating the same nonsense about Harris.

False predictions have been common among politicians and pundits in American history. Democrats have been wrong more often because they lie a lot.

 

[mark francis]

well, "bidennomics" is maybe owned by ..biden. duh.
of course, the economy is a function of all the branches of the government.

but yes, if you want to give credit for a record stock market, low unemployment and good gdp growth, biden would be a good choice

Let's leave Kackles out of it since we all know she was just a token DEI WOC and never made any decisions or offered any intelligent suggestions in 4 years as VP.

 

[pjmret]

Let's leave Kackles out of it since we all know she was just a token DEI WOC and never made any decisions or offered any intelligent suggestions in 4 years as VP.

you can prove she never made intelligent suggestions?
go for it, lying moooron.
but we know you wont.