I agree with all that Brophy and the complexities of
things.
I was simply pointing out the absurdity of what the press tends
and idiot talking heads tend to convey. Plus a lot of the dumb
population
jimsim - I said nothing about Trumps past policies or what the
cause was etc. Also Covid and all the freakin money thrown around,
handouts, money printing, the FED keep rates at zero for way too
damn long, in combination is what lead to the inflation. Simply
stated whoever is the next president will be blamed - you are the
one reaching and trying to start some argument which I'm not
getting into.
Both Dems and Republicans are spendaholics - there's no more
fiscal conservatives.
That post was not about Dems vs Republicans - let's not get into
that please thank you
Hmmm. I was not trying to start an argument. My comment does not
even strike me as political. but apolitical and merely an attempt
to follow up on your thoughts. But OK
brophyno no, your post was fine I said I agreed with you and
thanked you for your comments, no one was triggered by your
reply. There was a post earlier from someone who was a bit
triggered about my comments, search below you will see that
post.
my reply to you included my reply to you where I said I agreed
with your comments, while the second part of my reply was in
response to jimsim's post below
again we can all agree - politics suck because people get too
worked up these days. Let's all move on from that. Perhaps my
comment about Harris being in the current administration perhaps
holding some responsibility triggered that, but as we all know it's
a myrad of things and all that big spending, money printing and
handouts during Covid was a big cause, as well as supply chain
constraint's - then companies and sometimes use inflation as a
justification to raise prices even on things that they are not
seeing a cost increase on. And of course the spending continued
with the government and continues
Honestly guys - one of the biggest things that concern Steve and
myself is the BRICS and how it has been accelerating. It's
like a cancer growing under the surface (and most of the population
is naive about it) is the Brics with more and more countries
starting to do transactions without the US Dollar - it's been
growing, and really started to accelerate during this
Russia/Ukraine war - because the US basically confiscated Russia's
holding of US Bonds (took them) - and all these other countries who
saw that then rightfully start to wonder if that could also happen
to them, so more and more countries have started moving away from
the Dollar. The reason why the US has been able to get away
with running the printing presses like crazy and all these deficits
is because the US Dollar is the world reserve currency. If we
did not have them, we would have had hyperinflation that would
happen with any other country that spends like we do. My concern is
this Brics continues to grow, and we eventually lose that reserve
currency status, and with the politicians all spendaholics it could
get ugly down the road.
Anyway all we can do is take care of ourselves, not have too
much debt, have savings, have some gold and other things, make good
decisions etc. We'll see how this all plays out.
again let's all just leave it - I don't want it getting into Dem
vs Rep, it's a rabbit hole and not the place.
jimsim- I'm sorry if my post triggered you, I'll be more
careful on wording next time, I could have worded that better or
left it out entirely
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I agree with all that
Unemployment rate, and Yield Curve, the economy and big picture, and some politics
Posted by matt on 4th of Aug 2024 at 12:26 am
I agree with all that Brophy and the complexities of things.
I was simply pointing out the absurdity of what the press tends and idiot talking heads tend to convey. Plus a lot of the dumb population
jimsim - I said nothing about Trumps past policies or what the cause was etc. Also Covid and all the freakin money thrown around, handouts, money printing, the FED keep rates at zero for way too damn long, in combination is what lead to the inflation. Simply stated whoever is the next president will be blamed - you are the one reaching and trying to start some argument which I'm not getting into.
Both Dems and Republicans are spendaholics - there's no more fiscal conservatives.
That post was not about Dems vs Republicans - let's not get into that please thank you
Hmmm. I was not trying
Posted by brophy on 4th of Aug 2024 at 06:48 am
Hmmm. I was not trying to start an argument. My comment does not even strike me as political. but apolitical and merely an attempt to follow up on your thoughts. But OK
brophyno no, your post was
Posted by matt on 4th of Aug 2024 at 12:41 pm
brophyno no, your post was fine I said I agreed with you and thanked you for your comments, no one was triggered by your reply. There was a post earlier from someone who was a bit triggered about my comments, search below you will see that post.
my reply to you included my reply to you where I said I agreed with your comments, while the second part of my reply was in response to jimsim's post below
again we can all agree - politics suck because people get too worked up these days. Let's all move on from that. Perhaps my comment about Harris being in the current administration perhaps holding some responsibility triggered that, but as we all know it's a myrad of things and all that big spending, money printing and handouts during Covid was a big cause, as well as supply chain constraint's - then companies and sometimes use inflation as a justification to raise prices even on things that they are not seeing a cost increase on. And of course the spending continued with the government and continues
Honestly guys - one of the biggest things that concern Steve and myself is the BRICS and how it has been accelerating. It's like a cancer growing under the surface (and most of the population is naive about it) is the Brics with more and more countries starting to do transactions without the US Dollar - it's been growing, and really started to accelerate during this Russia/Ukraine war - because the US basically confiscated Russia's holding of US Bonds (took them) - and all these other countries who saw that then rightfully start to wonder if that could also happen to them, so more and more countries have started moving away from the Dollar. The reason why the US has been able to get away with running the printing presses like crazy and all these deficits is because the US Dollar is the world reserve currency. If we did not have them, we would have had hyperinflation that would happen with any other country that spends like we do. My concern is this Brics continues to grow, and we eventually lose that reserve currency status, and with the politicians all spendaholics it could get ugly down the road.
Anyway all we can do is take care of ourselves, not have too much debt, have savings, have some gold and other things, make good decisions etc. We'll see how this all plays out.
again let's all just leave it - I don't want it getting into Dem vs Rep, it's a rabbit hole and not the place.
jimsim- I'm sorry if my post triggered you, I'll be more careful on wording next time, I could have worded that better or left it out entirely