President Joe Biden
Right now, we need VP Biden, we need him to step down and drop out so Bernie sanders can save this country from this global crisis just like FDR.
A thread to debate the efficacy of a Joe Biden Presidency in the midst of a global pandemic and impending Great Recession/Depression.
Where is Joe Biden? Can he beat Trump and is he even trying to? What would a Joe Biden Presidency look like in these times? Where is he and why isn't he leading?
Blaming inflation on corporate greed is one of the oddest widely held economic beliefs I recall hearing. I often wonder if the people who actually believe it thought corporations weren’t greedy 5 years ago, but now they are super greedy and what these people think caused this sudden greed. Do these people ever want more money for whatever it is they do for a living and if they consider that greedy?
I know Biden isn’t playing with a full deck
So I’ll ask you again, what is inflation a measure of?
Is it not the change in price of an item(s)?
This is like watching the two biggest donks at the table reraising each other with air. A+ fish on fish violence. Wonder who will blink first and fold.
You can into a detailed debate on what inflation means but for the average person it means their cost of living has gone up . Groceries , gas and rent all cost more
The problem starts when they hand out free monopoly money (the U.S. dollar is a fiat currency not backed by anything) or a button presser hitting a keystroke to create billions of dollars out of thin air to send to Ukraine, which decreases the value of the dollar for everyone else (the more money they print or create electronically, the less value it has).
You can into a detailed debate on what inflation means but for the average person it means their cost of living has gone up . Groceries , gas and rent all cost more
ok and how does their cost of living go up? Is it because everything is more expensive? And who controls that? companies
The problem starts when they hand out free monopoly money (the U.S. dollar is a fiat currency not backed by anything) or a button presser hitting a keystroke to create billions of dollars out of thin air to send to Ukraine, which decreases the value of the dollar for everyone else (the more money they print or create electronically, the less value it has).
It is backed by the US military. Even amateur conspiracy people know this. Why was gaddafi killed? because he was going off of the petro dollar.
If you believe that's why he was killed then you understand and believe that the US military backs up our currency.
The problem starts when they hand out free monopoly money (the U.S. dollar is a fiat currency not backed by anything) or a button presser hitting a keystroke to create billions of dollars out of thin air to send to Ukraine, which decreases the value of the dollar for everyone else (the more money they print or create electronically, the less value it has).
Can I have some of your worthless Monopoly money?
Wow, this table is getting super juicy.
can someone please deliver this message for me...
Next time Brandon starts yelling out "WHEN YOU GET KNOCKED DOWN, YOU GET BACK UP!"... say to him, 'you didn't get knocked down you idiot... you fell over because you tripped over your own feet!'
I never get tired of the Brandon meme. You guys are so clever, hhahahahhahahahah
Blaming inflation on corporate greed is one of the oddest widely held economic beliefs I recall hearing. I often wonder if the people who actually believe it thought corporations weren’t greedy 5 years ago, but now they are super greedy and what these people think caused this sudden greed. Do these people ever want more money for whatever it is they do for a living and if they consider that greedy?
I know Biden isn’t playing with
Want another chart ?
That chart seem to contradict your usual takes , again
https://fred.stlouisfed.org/series/W273R...
Since 2013 corporate profits are at all time high and topping in 2021…by a big margin
Ah yes your famous trickle down economy huh ….nop.
that is actually untrue.
USD is, and has been, backed by Oil/Oil reserves, since the end of the Bretton woods agreement in 1971
The U.S. dollar is not backed by a physical commodity like gold or silver. Instead, it is backed by the faith and credit of the United States government. This means that its value is derived from the stability and economic strength of the U.S. economy, as well as the trust and confidence that people and institutions have in the U.S. government's ability to maintain economic stability and honor its debts.
This system is known as fiat money, where the currency has value because the government maintains it and people have faith in its value. Yes, the U.S. moved away from the gold standard in 1971 under Nixon. Since then, the value of the dollar is determined by various factors, including supply and demand, inflation, interest rates, and the overall economic conditions of the country.
I'm going to have to agree with BBM on this one. Sure, corporations are greedy, they're run by greedy people and the greediest people rise to the top of the corporate world.
But I can't see how or why they would have gotten more greedy in the last few years. They make all the money they can now, just like they made all the money they could 20 years ago, and just like they made all the money they could 120 years ago.
I haven't studied it enough to know if profit rates really are going up, and I certainly don't know why they have gone up, but it almost certainly isn't because corporations and the people that run them have gotten greedier in the last few years. There must be some reason why their greed has been becoming more effective.
I'm going to have to agree with BBM on this one. Sure, corporations are greedy, they're run by greedy people and the greediest people rise to the top of the corporate world.
But I can't see how or why they would have gotten more greedy in the last few years. They make all the money they can now, just like they made all the money they could 20 years ago, and just like they made all the money they could 120 years ago.
Because huge amount of money got printed and distributed to the people ?
Go see the chart shrug .
Obviously it isn’t the sole cause but to claim this has nothing to do with it like baham claim is nonsense .
The U.S. dollar is not backed by a physical commodity like gold or silver. Instead, it is backed by the faith and credit of the United States government. This means that its value is derived from the stability and economic strength of the U.S. economy, as well as the trust and confidence that people and institutions have in the U.S. government's ability to maintain economic stability and honor its debts.
This system is known as fiat money, w
Your posting improves drastically when you let ChatGPT write your responses.
I'm going to have to agree with BBM on this one. Sure, corporations are greedy, they're run by greedy people and the greediest people rise to the top of the corporate world.
But I can't see how or why they would have gotten more greedy in the last few years. They make all the money they can now, just like they made all the money they could 20 years ago, and just like they made all the money they could 120 years ago.
I haven't studied it enoug
they havent gotten more greedy, people have just been worn down by the constant price exploits that they have stopped resisting. so little by little, the companies have been increasing their profits and lowering our quality and or quantity of goods we receive .
Because huge amount of money got printed and distributed to the people ?
Go see the chart shrug .
Obviously it isn’t the sole cause but to claim this has nothing to do with it like baham claim is nonsense .
The chart doesn't rate people's level of greed.
I'm sure the money supply has something to do with it, but that has nothing to do with greed.
they havent gotten more greedy, people have just been worn down by the constant price exploits that they have stopped resisting. so little by little, the companies have been increasing their profits and lowering our quality and or quantity of goods we receive .
Maybe you could call it that. I think after the pandemic a lot of people were so gung ho to buy and do things that their demand was no longer very elastic. I was frugal before and after covid, and my expenses haven't gone up very much.
Maybe you could call it that. I think after the pandemic a lot of people were so gung ho to buy and do things that their demand was no longer very elastic. I was frugal before and after covid, and my expenses haven't gone up very much.
absolutely. For a year, everyone felt rich. so companies raised their prices cause they are greedy *******s indebted to wall street.
and then biden came in and ended extra unemployment, and lied about stimulus in georgia.
and inflation was very bad due to these greedy company profit driven ****s, so the fed HAD to raise the rates it has been keeping low since 2009!!!!!!!
so people extra money ended, prices of EVERYTHING went up, and oh yeah, now its harder for you to borrow or buy a house and your credit card bill just got more expensive.
OF COURSE youre going to spend less.
its recession time baby, and no changing of the definition can prevent it any longer
The chart doesn't rate people's level of greed.
I'm sure the money supply has something to do with it, but that has nothing to do with greed.
The chart show explicitly that the market share of profits in % of corporations are at all time high .
Ok let’s try this graph and see if something seem disproportional by just using « cash » like u seem to think it’s not different then the last 100 years ago ….
https://fred.stlouisfed.org/series/A053R...
See the difference ?
Now u tell me what happen the last 4 years is on trend of what happened previously ?
Yes inflation isn’t due to the sole greed of corporation’s obviously.
More money printing will give higher nominal profits through cash for corporations but that shouldn’t translate in corporations to have an all time % market share profits to be at the highest ever either .
That is the definition of greed of course .
They took the event of massive amount of money printing by government (which in the end is the people) and increase they profits % margin to an all time high during a worldwide crisis health with life at stakes !
If that isn’t greed wtf u call this ????
Certainly not a charitable donation for the greater good ffs …
