If food inflation is accompanied by wage inflation, then prices will go up because people can afford to pay it. As we know through President Pump and Pump, BEST economy ever. Highest wages!
Who needs the federal reserve?
- Thread starter RainMaker3000
- Start date
If food inflation is accompanied by wage inflation, then prices will go up because people can afford to pay it. As we know through President Pump and Pump, BEST economy ever. Highest wages!
%%
Well good thing for me + hedge fund manager,Victor S, food is not going up much with me. Simply because we buy bargains in food ,buy bulk+ grow your own. And most important; walk AWAY from overpriced food.
A woman worker , @ grocery store told once, ''that watermelon is not sold by the pound'' I was weighing it. I told her ''I know'', I'm weighing it anyway.LOL-true.
, %%
Well good thing for me + hedge fund manager,Victor S, food is not going up much with me. Simply because we buy bargains in food ,buy bulk+ grow your own. And most important; walk AWAY from overpriced food.
A woman worker , @ grocery store told once, ''that watermelon is not sold by the pound'' I was weighing it. I told her ''I know'', I'm weighing it anyway.LOL-true.
What you do as a conscientious spender and saver is not what the vast majority do. Unfortunately, you will not impact inflation that much. The rest of us will.
%%
I use to spend more;+ when gas was cheaper i bought more+ bigger auto engines.And now we have a Pres that not only watched the markets; threats to the FED to cut rates+
he made the news once for tweeting to the front runners =good report/ front ran the report .LOL-LOL,Thanks Mr. Piezoe, I'll check it out. That P&L has got to be a doosey. Meanwhile, this looks like it may not be so snap pop so while I'm out, intermission:
%%%%%%%%%
. . .it's mad i tell's ya!
By Sylvan Lane - 07/11/19 12:16 PM EDT
" . . . While the federal government is legally barred from taking on more debt, the Treasury Department has been able to stave off a default through “extraordinary measures,” such as delaying and prioritizing certain investments and debt payments.
Treasury’s ability to delay a default was expected to last until at least early October. But a forecast released this week by the Bipartisan Policy Center projected extraordinary measures to run out by early or mid-September.
The House is set to break for summer recess on July 26 with the Senate leaving a week later, giving lawmakers much less time than initially expected to complete difficult negotiations.
If Congress and the White House cannot reach a deal to raise the debt ceiling by the end of the month, the government may have mere days to prevent a catastrophic default when lawmakers return to Washington in September."
What, Me Worry? Try and stop 'em. and good luck.
What if you replace the term 'MAD' with 'PCB, private central banking' towards the end of the article below?
What me worry? MAD Magazine is NOT closing down, but its future still looks grim
By Darryn Bonthuys
Posted on July 4, 2019
2 min read
8 Comments
There used to be a time where if you needed a monthly lampooning of popular culture, MAD Magazine was the de facto destination for a quick giggle and analysis of how mental life really was. With each cover featuring company mascot Alfred E. Neuman and a vacant stare devoid of any worries, you could always rely on MAD Magazine to deliver some cutting edge parody and satire with a roster of artists who delivered trademark humour in a signature style.
Around the turn of the century, things started to change. MAD’s most talented artists began getting older and very dead, cutting-edge humour found its place in other mediums and the magazine failed to attract a new audience to the newsstands. While MAD has always taken a stab at politics, in 2018, MAD re-focused its efforts on lampooning America’s right-wing politics in addition to its usual lampooning of the latest movies and TV series.
It kind of worked for a while, but the truth here is that MAD Magazine was always too late with its humour when compared to the breakneck pace that nightly talk shows and personalities on the web could provide at a moment’s notice. MAD Magazine’s days were clearly numbered, with reports circulating earlier today that publication would soon wrap up.
MAD Magazine (1)
That’s not what’s happening, but the future of MAD doesn’t exactly look rosy as new content from the brand is about dry up drastically. According to ComicBook.com’s sources, MAD Magazine will #9 will be the final newsstand issue, whereas the tenth issue will contain new content and will only be available via the direct comic book market and through subscriptions.
After that, MAD will then focus on reprinting classic content that’ll be bundled together with new cover art. There’ll still be new end of year specials and collections so that the brand doesn’t completely die out, but at this point, it feels like the equivalent of putting highway roadkill on a life support machine.
It’s a pity, but I’m amazed that MAD Magazine held on this long. In an age where people demand their chuckles right now, having a two month gap between issues for political jokes that were older than comments about Batman’s rubber nipples was never going to result in a sound business strategy, especially when the internet could deliver that humour quicker, better and more regularly. -"
they're just trying to scare us, right?
https://www.criticalhit.net/comics-...closing-down-but-its-future-still-looks-grim/
https://thehill.com/policy/finance/...-unthinkable-harm-if-debt-ceiling-isnt-raised
https://www.federalreserveeducation.org/about-the-fed/structure-and-functions
Board of Governors
The Board of Governors, located in Washington, D.C., provides the leadership for the System.
The Board of Governors, also known as the Federal Reserve Board, is the *national component* of the Federal Reserve System Co. Inc. LLC.
yadda yadda
The Board *funds its operations* by assessing the Federal Reserve Banks rather than through Congressional appropriation. Its financial accounts are audited annually by a public accounting firm, and these accounts are also subject to audit by the General Accounting Office.
Last edited:
Last edited:
It's clear that, in general, lawmakers understand neither the federal reserve operations or money, nor indeed the intimate relations of the reserve and treasury. If lawmakers don't understand these things, why would we expect more of the country's people?
This studied ignorance of ours allows us to remain firmly committed to the absurd notion that our nation's finances are just like our personal finances. This is no more evident than in Congress's passing of an equally absurd statute limiting national debt! Although, we will always agree to raise the debt ceiling, our Constitution will not permit otherwise, we have discovered our silly statute provides a marvelous tool for political coercion in the eleventh hour of every must pass budget.
This studied ignorance of ours allows us to remain firmly committed to the absurd notion that our nation's finances are just like our personal finances. This is no more evident than in Congress's passing of an equally absurd statute limiting national debt! Although, we will always agree to raise the debt ceiling, our Constitution will not permit otherwise, we have discovered our silly statute provides a marvelous tool for political coercion in the eleventh hour of every must pass budget.
Stupid sexy founders and their stupid sexy constitution