Are these the same people that said printing trillions of dollars would REDUCE inflation (Inflation Reduction Act)?
Never believe anything from Washington D.C scumbags
Never believe anything from Washington D.C scumbags
Economists Say Inflation Would Be Worse Under Trump Than Biden
- Thread starter Nighthawk
- Start date
US Tariffs at 60% Would Halve China’s Growth Rate, UBS Says
https://www.bloomberg.com/news/arti...t-60-would-halve-china-s-growth-rate-ubs-says
Who knows...
It's always a weightening up;
what would it benefit more, what less.
IMO just judge the arguments in question.
It makes total sense to me that if you:
a) stop importing cheap shit from China, prices will rise when you have to buy US made stuff.
b) stop immigrants, you need to find and encourage Americans to do the jobs nobody wants instead which raises labor costs.
Also:
c) Trump HAS applied pressure on the Fed to reduce rates in the past. If he will have an increased executive mandate it's more likely he will be successful in doing so this time.
None of these arguments are against voting for Trump, which is a separate discussion. A weaker US dollar isn't necessarily a bad thing, especially for the rest of the world.
"Money Printing"... regardless of whomever is behind it and for whatever reason... is INFLATIONARY!!! No excuses.
Let's not forget that weaponizing the US against Russia—by seizing the $300B in USD via SWIFT—has been a diaster. Other countries began divesting their US Dollars now that they realized the US could just as easily weaponize it against them. What happens when you suddenly add 100s of billions to trillions of unused US Dollars to the supply pool? Doesn't take a genius to understand the law of supply and demand.
This had to be one of the most retarded moves by the Biden Administration amongst a slew of them. It didn't even affect Russia. In fact, their currency actually increased in value as they made trades with other BRIC nations. The only ones it hurt were American citizens, and this doesn't even add all of the other variables that increased inflation, like the endless money printing and writing off of billions in student loans.
This had to be one of the most retarded moves by the Biden Administration amongst a slew of them. It didn't even affect Russia. In fact, their currency actually increased in value as they made trades with other BRIC nations. The only ones it hurt were American citizens, and this doesn't even add all of the other variables that increased inflation, like the endless money printing and writing off of billions in student loans.
That is what happens when crooks are in charge. They can say anything and lie but, the truth is there for people to see. Taking Russia's monies is thievery and not all the spin can change that. Also, Russia can retaliate by seizing assets of US and Europe in Russian control. The BRICs group that Russia and China has formed is a far more powerful economic block than the G7. Only a matter of time before the BRICs group of countries sanction the US and Europe and retaliate in kind.
the unlikely part is very likely, expect a roller coaster, volfefe is back.
"It didn't even affect Russia"
Really now? CB's constantly manipulate their currency. Company stocks and profits are a lot harder to do.
Moscow Stock Exchange Index (MOEX):-
Daily chart - 1 year low just today (timing is everything)
Weekly still 1300 points lower almost 3 years later lol
Echo chambers are bad for seeing reality.