Biden/Harris responsible for stagflation

Tuxan said:
View attachment 347805

Printing dollars keeps their value in step with the growth of the world which uses it as the reserve currency. When you print far more than the growing global popution needs, you have a problem for a number of years until the global economy grows into the glut in supply.

And many other things beyond most Amercians who don't realise how the US swings from being at best symbiotic to parasitic in a crisis and has a free lunch that small nations don't ever get.
More...


Trump-national-debt-add.jpg
 
gwb-trading said:
Of course, the "Trump War Room" cites no legitimate source for their claim. It is not a fact, it is just bullshiat they are shoveling on social media.
More...

Their assertions are correct, the sources have been posted elsewhere here, some redundantly.
 
ipatent said:
Their assertions are correct, the sources have been posted elsewhere here, some redundantly.
More...

Reality: "Americans have a cumulative $11.334 trillion in savings, according to the Federal Reserve. That includes deposits with a state maturity, individual savings accounts, and retirement accounts. Total savings grew from 2022 to 2023."

No, 80% of American's savings have NOT been wiped out. BTW: 80% of $11.334 Trillion would be $9.067 Trillion.

The Average Savings Account Balance
https://www.fool.com/the-ascent/research/average-savings-account-balance/
Aug. 26, 2024

Economic Well-Being of U.S. Households in 2023
https://www.federalreserve.gov/publ...-economic-well-being-us-households-202405.pdf

 
Last edited:
You must log in or register to reply here.
Back
Top