The last time the Feds reduced the interest rates was back in 2020, the general public needs to see a governmental plus when it comes to how we view our economic future. It's time to do it again.
The last time the Feds reduced the interest rates was back in 2020, the general public needs to see a governmental plus when it comes to how we view our economic future. It's time to do it again.
Theory is Donald, that an increase in interest rates reduces the demand for debt, and in a debt money system, such is the fractional reserve system, managed by the Fed, an increase in interest rates leads to a reduction in the money supply., only the demand for debt now a days is inelastic. And the money supply is not what really causes inflation,
Inflation is a factor of two things, short term inflation is market manipulation and money supply, but long term inflation (like the $2,000 1965 Mustang vs the $33,000 2024 Mustang,is a function of the interest on the debt.
The Fed, Jerome Powell, manipulates the interest rates for political purposes, he lowered them under Trump to increase the money supply and create jobs and consumer demand, and he decreased them under Biden to contract the money supply and create consumer frustration.
And why the Dems don't call him out, is beyond me. Maybe they don't understand Modern Money Mechanics, despite the fact that the Fed has explained it in a pamphlet.
99.9% of Americans don't they are kept in the dark and fed manure like a mushroom farm, even at the university level.
They canтАЩt call him out for trying to fix the rigged economy of the past 40 years. Most people would correctly point out that monopolies, deregulation, trade deals, immigration policy, and stimulus of the Covid era all contributed to inflation. All Powell can do is try to slow inflation by raising interest rates. Throw the hopes and dreams of those failing to pull on their boot straps sufficiently on the capitalism pyre.
If he lowers rates now and inflation is exacerbated he will be out on his ass. I understand that typical rube thinks Powell is just a big meanie. Congress can vilify Powell. But they will crap their pants if he actually lowered them. IтАЩm guessing you know that but given the way the Biden administration is falling apart, youтАЩre probably looking for a patsie. And the Steele dossier makes Putin a tough sell for fall guy. You know that the Steele dossier was a lie right?
You know IтАЩm as real as I can be. YouтАЩre just uncomfortable with someone having enough tenacity to rub your nose in your stupid. You should apologize. But I donтАЩt think it would make any difference now. IтАЩm enjoying this way too much. Thanks for recommending it and encouraging me to do this in writing. ItтАЩs really cathartic.
So you are telling me that an E-4 in the military made more money than a USPS clerk.
My base pay was $233.10,my Basic allowance for Quarters was $105, I received $1 a day for rationing separately
Whereas a full time (I assume entry level) USPS clerk got paid the same as an E-4 minus allowances.
I got married when I was an E-3, in 1960, and my pay was $124 base pay, $51.30 housing allowance and $1 a day for rationing separately.
The Separate Ration allowance of $1 a day was unchanged since he Civil war, and only received if your Commanding Officer authorized you to live off base or post.
The difference between an entry level postal clerk and an E-4 with over 4 years service was the living allowances.. Sounds like motivation to join the service,
ItтАЩs way too early to be that drunk billy. No one cares that youтАЩre a vet, or mustang dork. Some people would like you to stop lying about the merit of fighting dirty in politics, the fact that the Steele dossier wasnтАЩt just a lie. The FBI knew it was a lie in 2017. But even more importantly, Jerome Powell and the federal reserve would be insane to lower rates, regardless of your pathetic pining for the day Sargent dork bought a mustang. Also Biden appointed Powell
For the record, Billy is obsessed with mustangs and Russian bots. He is preparing to blame bots, me, and apparently Jerome Powell for the election of a game show host. Watch this space in November. Wear safety glasses. The finger pointing will be a hazard.
Talk to me Chucky boy, not behind my back. You are right I am obsessed with bots but mustangs (wild horses?) I am also obsessed with right wing, RFK an Putin trolls spreading disinfo and discord.
First itтАЩs talk to me, then it might be dangerous? DonтАЩt bore me with how it could be dangerous. You have clearly stated that no one is watching me torture a blowhard bully. Buckle up Sargent nostalgic. ThereтАЩs incoming.
Inflation was at 9% when he started raising rates. ItтАЩs still at 3.5%. Unemployment is at 50 year lows. If you close the border right before the summer starts, unemployment goes down further, inflation spikes, and Powell either raises rates again or inflation punishes everyone. Lowering rates now is rockstar stupid. Which explains why you would endorse such a course of action. But Robert Reich knows better and it really pisses me off. The economy should be his wheel house. Volker raised rates to almost 20% in the early 80s because they fidle fucked around trying to keep rates low when inflation started getting out of hand. If you and Reich ran the fed we would be Venezuela by Christmas
What is this shit? If you close the border before summer starts, inflation goes down.
Another bullshitter please stand up.
Summer is after crops are planted and before they are harvested. Summer has nothing to do with inflation.
And crops have nothing to do with unemployment as lazy, spoiled Americans want nothing to do with harvesting veggies and fruits, it is back breaking, low pay work, and where you can't find South American migrants, you find kids picking strawberries, raspberries, flowers. The summer school break is a leftoevr from our agrarian past, when schools closed so the children could help on the farm, picking produce and fruit before it rotted on the vine., now Americans are too lazy and spoiled, too rich,andkids would rather flip burgrs than work in the fields.
If you tighten the labor market by closing the border inflation goes up. Close your eyes real tight. Even a mouth breather like you can get a handle on this concept. Be that as it may, using Powell as the whipping boy for 40 plus years of shit economic policy is disingenuous. Powell can buy securities, raise or lower interest rates, print money. After that his tool box is pretty much starring at BLS information. ItтАЩs up to congress and which ever president is in the White House to deal with monopolies, taxes, budgets, and yes even bank reform like Glass Steagal you pompous blowhard. Wanna tell the class you were wrong about the Steele Dossier? Like a big boy?
I was worried that you were going to need a safe place tough guy. You see how supply and demand and the border closing work ? Everyone reading this sees that you have no credibility. Since you canтАЩt connect the dots between the supply of labor and inflation. I think you do now that I rubbed your nose in it, but itтАЩs easier to call me names than concede your error. Did you read the article that I sent you? Want to apologize?
DonтАЩt worry billy, you donтАЩt have to respond to me. IтАЩm merely going to share my thoughts about your posts every chance I get in the most Russian bot way possible. Because I hate mouthy bullies that canтАЩt admit when theyтАЩre wrong or debate in an adult manner. Even when youтАЩre not talking to me, you can be a somewhat abrasive cunt. Think of me like Santa Claus. I will be watching and pasting that article to my response to your posts. YouтАЩre going to learn a valuable lesson. Also, I think you should apologize for calling me a troll every time I dumbfuck you. Make an argument. ThatтАЩs not too much to ask is it? Or seriously ignore me. But I donтАЩt know if you can. And that amuses me
Did you want to concede that the Steele Dossier was complete crap? And that your condescending dickhead attitude made you look ridiculous? And you were sort of rude while also being totally full of shit? We all make mistakes. Not as frequently as you, obviously. I can post that link in response to everything you post if youтАЩd like . You could call me a bot again. Because clearly, if I am a bot, IтАЩm infinitely smarter than you. And that has to be awkward for someone as arrogant and simple as you. Or did you run away and hide already?
Nope not conceding the SteeleDossier is complete crap.
The only person you are impressing is yourself and other Trumpian trolls.
Trying out for a job on Fox are you?
Don't pat yourself on the back chucky boy., your wasting your time here, you will not find friends or converts, but you aren't looking for either are you, just disrupt and deflect.
But thanks for validating me as a threat. The anxiety and angst you emit are palpable.
DidnтАЩt you mean to say тАЬJerome PowellтАжINCREASED them (interest rates) under Biden to contract the money supply and create consumer frustrationтАЭ?
If Powell lowers rates now inflation will be elevated. It would be malpractice to lower rates. The real bad guys are every congress, president since Reagan that dismantled the version of capitalism that made this country great. Also Reich and everyone who tries to put 40 years of incompetence on Jerome PowellтАЩs shoulders. It merely makes Reich readers more jingoistic and less intelligent.
The last time the Feds reduced the interest rates was back in 2020, the general public needs to see a governmental plus when it comes to how we view our economic future. It's time to do it again.
Theory is Donald, that an increase in interest rates reduces the demand for debt, and in a debt money system, such is the fractional reserve system, managed by the Fed, an increase in interest rates leads to a reduction in the money supply., only the demand for debt now a days is inelastic. And the money supply is not what really causes inflation,
Inflation is a factor of two things, short term inflation is market manipulation and money supply, but long term inflation (like the $2,000 1965 Mustang vs the $33,000 2024 Mustang,is a function of the interest on the debt.
The Fed, Jerome Powell, manipulates the interest rates for political purposes, he lowered them under Trump to increase the money supply and create jobs and consumer demand, and he decreased them under Biden to contract the money supply and create consumer frustration.
And why the Dems don't call him out, is beyond me. Maybe they don't understand Modern Money Mechanics, despite the fact that the Fed has explained it in a pamphlet.
99.9% of Americans don't they are kept in the dark and fed manure like a mushroom farm, even at the university level.
Billy.
They canтАЩt call him out for trying to fix the rigged economy of the past 40 years. Most people would correctly point out that monopolies, deregulation, trade deals, immigration policy, and stimulus of the Covid era all contributed to inflation. All Powell can do is try to slow inflation by raising interest rates. Throw the hopes and dreams of those failing to pull on their boot straps sufficiently on the capitalism pyre.
If he lowers rates now and inflation is exacerbated he will be out on his ass. I understand that typical rube thinks Powell is just a big meanie. Congress can vilify Powell. But they will crap their pants if he actually lowered them. IтАЩm guessing you know that but given the way the Biden administration is falling apart, youтАЩre probably looking for a patsie. And the Steele dossier makes Putin a tough sell for fall guy. You know that the Steele dossier was a lie right?
You are most definitely on a roll Chucky boy. or are you human? .-- . .-.. .-.. ..--..
Here I am arguing with an AI bot.
You know IтАЩm as real as I can be. YouтАЩre just uncomfortable with someone having enough tenacity to rub your nose in your stupid. You should apologize. But I donтАЩt think it would make any difference now. IтАЩm enjoying this way too much. Thanks for recommending it and encouraging me to do this in writing. ItтАЩs really cathartic.
For the record, in 1965 a full time USPS clerk annual salary was $2800, that Mustang was a major purchase and out of reach of many..
So you are telling me that an E-4 in the military made more money than a USPS clerk.
My base pay was $233.10,my Basic allowance for Quarters was $105, I received $1 a day for rationing separately
Whereas a full time (I assume entry level) USPS clerk got paid the same as an E-4 minus allowances.
I got married when I was an E-3, in 1960, and my pay was $124 base pay, $51.30 housing allowance and $1 a day for rationing separately.
The Separate Ration allowance of $1 a day was unchanged since he Civil war, and only received if your Commanding Officer authorized you to live off base or post.
The difference between an entry level postal clerk and an E-4 with over 4 years service was the living allowances.. Sounds like motivation to join the service,
ItтАЩs way too early to be that drunk billy. No one cares that youтАЩre a vet, or mustang dork. Some people would like you to stop lying about the merit of fighting dirty in politics, the fact that the Steele dossier wasnтАЩt just a lie. The FBI knew it was a lie in 2017. But even more importantly, Jerome Powell and the federal reserve would be insane to lower rates, regardless of your pathetic pining for the day Sargent dork bought a mustang. Also Biden appointed Powell
Ron,
For the record, Billy is obsessed with mustangs and Russian bots. He is preparing to blame bots, me, and apparently Jerome Powell for the election of a game show host. Watch this space in November. Wear safety glasses. The finger pointing will be a hazard.
Talk to me Chucky boy, not behind my back. You are right I am obsessed with bots but mustangs (wild horses?) I am also obsessed with right wing, RFK an Putin trolls spreading disinfo and discord.
First itтАЩs talk to me, then it might be dangerous? DonтАЩt bore me with how it could be dangerous. You have clearly stated that no one is watching me torture a blowhard bully. Buckle up Sargent nostalgic. ThereтАЩs incoming.
Inflation was at 9% when he started raising rates. ItтАЩs still at 3.5%. Unemployment is at 50 year lows. If you close the border right before the summer starts, unemployment goes down further, inflation spikes, and Powell either raises rates again or inflation punishes everyone. Lowering rates now is rockstar stupid. Which explains why you would endorse such a course of action. But Robert Reich knows better and it really pisses me off. The economy should be his wheel house. Volker raised rates to almost 20% in the early 80s because they fidle fucked around trying to keep rates low when inflation started getting out of hand. If you and Reich ran the fed we would be Venezuela by Christmas
Good news boomers. CD rates are smokin.
What is this shit? If you close the border before summer starts, inflation goes down.
Another bullshitter please stand up.
Summer is after crops are planted and before they are harvested. Summer has nothing to do with inflation.
And crops have nothing to do with unemployment as lazy, spoiled Americans want nothing to do with harvesting veggies and fruits, it is back breaking, low pay work, and where you can't find South American migrants, you find kids picking strawberries, raspberries, flowers. The summer school break is a leftoevr from our agrarian past, when schools closed so the children could help on the farm, picking produce and fruit before it rotted on the vine., now Americans are too lazy and spoiled, too rich,andkids would rather flip burgrs than work in the fields.
Billy!
If you tighten the labor market by closing the border inflation goes up. Close your eyes real tight. Even a mouth breather like you can get a handle on this concept. Be that as it may, using Powell as the whipping boy for 40 plus years of shit economic policy is disingenuous. Powell can buy securities, raise or lower interest rates, print money. After that his tool box is pretty much starring at BLS information. ItтАЩs up to congress and which ever president is in the White House to deal with monopolies, taxes, budgets, and yes even bank reform like Glass Steagal you pompous blowhard. Wanna tell the class you were wrong about the Steele Dossier? Like a big boy?
Chucky boy. The only mouth breathers around these parts are phuckwits like you.
It is a waste to discuss econ and finance with an ignoramus such as you
I was worried that you were going to need a safe place tough guy. You see how supply and demand and the border closing work ? Everyone reading this sees that you have no credibility. Since you canтАЩt connect the dots between the supply of labor and inflation. I think you do now that I rubbed your nose in it, but itтАЩs easier to call me names than concede your error. Did you read the article that I sent you? Want to apologize?
https://edition.cnn.com/2022/10/11/politics/steele-dossier-fbi-durham-danchenko/index.html
Meathead, You have an overblown image of self importance.
You actually reveal a weakness, by projecting. I really don't give a shit what you or anyone else thinks, but you do.
What is there to argue with. Waste my time quibbling with a child?
Apparently?
DonтАЩt worry billy, you donтАЩt have to respond to me. IтАЩm merely going to share my thoughts about your posts every chance I get in the most Russian bot way possible. Because I hate mouthy bullies that canтАЩt admit when theyтАЩre wrong or debate in an adult manner. Even when youтАЩre not talking to me, you can be a somewhat abrasive cunt. Think of me like Santa Claus. I will be watching and pasting that article to my response to your posts. YouтАЩre going to learn a valuable lesson. Also, I think you should apologize for calling me a troll every time I dumbfuck you. Make an argument. ThatтАЩs not too much to ask is it? Or seriously ignore me. But I donтАЩt know if you can. And that amuses me
Share your thoughts Chucky boy, no one is listening. You are howling at the moon, you have been exposed.
But I am flattered, you do perceive me as a major threat don't you, that is why you spend so much time on me and have made me a priority.
You and who you work for, have to neutralize threats. So blast away.
As FDR said, I welcome your hatred. I have better things to do than chase down your snipes.
Billy!
Did you want to concede that the Steele Dossier was complete crap? And that your condescending dickhead attitude made you look ridiculous? And you were sort of rude while also being totally full of shit? We all make mistakes. Not as frequently as you, obviously. I can post that link in response to everything you post if youтАЩd like . You could call me a bot again. Because clearly, if I am a bot, IтАЩm infinitely smarter than you. And that has to be awkward for someone as arrogant and simple as you. Or did you run away and hide already?
Nope not conceding the SteeleDossier is complete crap.
The only person you are impressing is yourself and other Trumpian trolls.
Trying out for a job on Fox are you?
Don't pat yourself on the back chucky boy., your wasting your time here, you will not find friends or converts, but you aren't looking for either are you, just disrupt and deflect.
But thanks for validating me as a threat. The anxiety and angst you emit are palpable.
You are indeed insecure.
ThatтАЩs probably it.ЁЯШШ
Glad that you admit it. A positive sign of maturation..
https://edition.cnn.com/2022/10/11/politics/steele-dossier-fbi-durham-danchenko/index.html
DidnтАЩt you mean to say тАЬJerome PowellтАжINCREASED them (interest rates) under Biden to contract the money supply and create consumer frustrationтАЭ?
Yeh, I get tongue tied at times. Thanks for the correction. Not just consumer frustration but increase unemployment.
Don,
Billy isnтАЩt too bright. You see he forgot to mention that our hero Joe Biden appointed Jerome Powell.
https://www.whitehouse.gov/briefing-room/statements-releases/2021/11/22/president-biden-nominates-jerome-powell-to-serve-as-chair-of-the-federal-reserve-dr-lael-brainard-to-serve-as-vice-chair/
If Powell lowers rates now inflation will be elevated. It would be malpractice to lower rates. The real bad guys are every congress, president since Reagan that dismantled the version of capitalism that made this country great. Also Reich and everyone who tries to put 40 years of incompetence on Jerome PowellтАЩs shoulders. It merely makes Reich readers more jingoistic and less intelligent.