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Comments (167)
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74
deleted 74 points ago +74 / -0
52
dukeofdoorcounty 52 points ago +52 / -0

Biden: We'll fix inflation by buying everyone a tank of gas with borrowed money.

Biden a month later: Damn oil companies keep raising the price of gas.

8
LostFuckingPassword 8 points ago +8 / -0

Most of hose economic impact checks probably went toward scratch off lottery tickets.

1
MacManus 1 point ago +1 / -0

They went towards gambling but not the game you’d expect. How do you think we got stonks?

6
potlk4 6 points ago +6 / -0

They admit to at least inflating the money/debt supply by 20x (2000%).

Commodities will be trying to catch up to that for the foreseeable future.

And, it's over for equities.. something like SQQQ is your best bet.

3
ParticleCannon 3 points ago +3 / -0

I foresee a future in academia

2
IamBACK 2 points ago +2 / -0

It's Russia's fault. Can't do much about it.

Actual Biden quote ()paraphrased)

19
permissible_missile 19 points ago +19 / -0

Ron Paul

More like stagflation, which is a better term anyway, but way more ominous which is why they won't say it (yet)

27
CAPTAIN_TENDY_PLATE2 27 points ago +27 / -0

Stagflation absolutely here. We may not be to the point of hyperinflation (yet), but we're definitely seeing stagflation.

Myself and everyone I know is experiencing a decreased quality of life thanks to the economic shitshow we're living through. I've received decent pay increases over the last two years, but somehow my purchasing power has gone down from what it was before Covid. I haven't changed anything in my finances, if anything, I've gotten more frugal because of this bullshit.

I'm not necessarily "hurting" yet, but I can absolutely feel it. I am not buying the extra luxuries I would be buying right now. I'm holding off, because I want to have that extra safety net.

I can imagine if you were living paycheck to paycheck and having to maintain strict budgets, that you're suffering worse than I am.

4
I_Used_to_be_me 4 points ago +4 / -0

Yup. I’m only doing better now because I did well and planned accordingly during 2016-2020 (best financial years of my adult life, almost 20 years), and just closed on our first house, but it’s already getting way harder.

I make double what I made in 2018, but had it easier then.

5
MobileDev4Trump 5 points ago +5 / -0

To be fair Peter Schiff has been claiming the sky is falling since forever while selling gold.

7
deleted 7 points ago +7 / -0
6
MobileDev4Trump 6 points ago +6 / -0

I do agree with him and Ron on the fundamentals but his timing is off. Our monetary system is broken. Our monetary policy is based on an economic theory designed by a pedophile who wasn't even a economist who grew up with a silver spoon. The central tenant of Keynesian economics is hedonism and punishing frugality. So we get grasshoppers instead of ants.

6
sixfingerdildo 6 points ago +6 / -0

timing? what timing? inflation has been occurring year after year, sometimes in bigger spurts, sometimes in different markets. but inflation has been consistently occurring, or rather, devaluation of our money!

2
MobileDev4Trump 2 points ago +2 / -0

Well retail is rushing to the dollar now like idiots

4
Pepe_Kekmaster 4 points ago +4 / -0

LOLOL

4
GEOTUSMAGA 4 points ago +4 / -0

Is he the drummer from Kiss?

3
brutustyberius 3 points ago +3 / -0

yes.

53
Bigjay 53 points ago +53 / -0

Everyone on TDW. Did!!!

13
IncredibleMrE1 13 points ago +13 / -0

For real.

12
SHILL_DETECTOR 12 points ago +12 / -0

well technically people were mad when i was against trump bucks

5
Jeffersonian_Man 5 points ago +5 / -0

I too remember being mocked for saying it was a bad idea.

11
StraightWhiteCisMale 11 points ago +11 / -0

Plenty of poeple have, including Peter Navarro and Steve Cortes, two highly qualified and intelligent economists, nearly a year ago, before they even admitted there was even "transitory" inflation.

The crux of the issue is that DC demons do not consider Trump supporters to be human. So when she says "nobody" predicted it, the point still stands in her mind.

7
vote_for_MAGA_2020 7 points ago +7 / -0

In a couple of years…

“Yeah, we had said inflation was only 8-10%. Who knew it had actually gotten up to 20%?”

5
AnonHarambe 5 points ago +5 / -0

I wonder what Trump would do to stop the inflation.

7
TommyJarvis 7 points ago +7 / -0
  1. Full throttle on domestic oil production
  2. End the SL repayment pause
  3. End the endless unemployment
  4. Stop shipping DC-10s full of printed money oversees
  5. Re-balance the trade deficit

Anything else?

3
Liberty_Prime 3 points ago +3 / -0

Deregulation.

3
justwant2beleftalone 3 points ago +3 / -0

I think the problems with the money supply are so ingrained structurally into the dollar due to the fuckery of the fed that even the God Emperor himself couldn't do more than stave off the inevitable crash of this lead balloon.

Many economics and financial pundits say that a crash was inevitable. And yeah yeah, i hear the "A broken clock is right twice a day" argument, but mathematically the 'perpetual growth' that the fed has been aiming for was always completely impossible.

5
TommyJarvis 5 points ago +5 / -0

Well nobody wanted the crash to happen on their watch. So printing money became the answer.

It's clearly going to crash on bidens watch because his satanic overlords think it will help them hurry the takeover.

2
deleted 2 points ago +2 / -0
3
TommyJarvis 3 points ago +3 / -0

It's a cause, yes. The federal government owns the notes on $1.75T and is simply forgetting about it for now, no interest being accrued, it's debt that the government owns. How does the government finance its own debt? It can borrow, it can take in revenue or it can print money.

Our ability to borrow, with the dollar weakening globally is waning and interest on the $1.75T is not coming in, so what do you think is happening?

We're not where we are because of single causes, we're here because of many many causes that add up.

6
Bigjay 6 points ago +6 / -0

Put America first.

45
OldGamerGuy79 45 points ago +46 / -1

Literally everyone made an inflation joke when they announced stimmy checks.

3
NecroDoge 3 points ago +4 / -1

The stimmy checks didn't cause inflation. That's not nearly enough. What did is the massive quantitative easing, supply chain shortages, and retarded government restrictions (that also caused supply chain shortages)

2
SHILL_DETECTOR 2 points ago +7 / -5

no. you were downvoted for saying it would cause inflation

*because you dont care about poor people

6
deleted 6 points ago +7 / -1
5
Liberty4All 5 points ago +5 / -0

All of that "free money" has to be paid for one way or the other.

4
TheAttackTitan 4 points ago +4 / -0

Or, it just dilutes the money supply and drives down the relative value of the dollar.

So we pay for it in 1 of 2 ways. Higher taxes, or rapid inflation.

2
Liberty4All 2 points ago +2 / -0

Exactly.

5
deleted 5 points ago +7 / -2
3
Rage1234 3 points ago +3 / -0

Some of us paid our own way through school and still got turned down to be burger flippers because the anti racism lending laws put in place by Carter and enhanced by Clinton and Bush.

3
deleted 3 points ago +3 / -0
2
Rage1234 2 points ago +2 / -0

Ok there handshake. Clearly you don't remember 2008.

0
deleted 0 points ago +1 / -1
0
deleted 0 points ago +1 / -1
1
covok48 1 point ago +2 / -1

The money was already printed before checks were in the mail.

37
WarViper1337 37 points ago +37 / -0

Psaki: Nobody predicted this.

Reporter: but someone did predict this and here are their names.

Psaki: We continue to disagree with their predictions.

1
I_Used_to_be_me 1 point ago +1 / -0

Didn’t literally everyone predict this?lol. Shit, even I called coming massive inflation and an absolute massacre in the markets like 2 years ago

25
BidensPrisonWallet 25 points ago +25 / -0

Needs to get up around 25% or more to wake up the normies. Let's Go Brandon !

28
blinddoggy 28 points ago +28 / -0

I think we are already there, and they are just lying about the 8-9 percent.

12
HockeyMom4Trump 12 points ago +12 / -0

I agree completely. Look at my local gas station. When Trump left office in January 2021 gas at my local station was $2.09 a gallon. Now? Last I looked (a few days ago) it was $4.09 a gallon. It is costing me almost double just to fill my gas tank up!

7
_Eric_Ciaramella_ 7 points ago +8 / -1

I was paying $1.80 for premium when Trump was in office. pushing $5 now

3
Jeffersonian_Man 3 points ago +3 / -0

Regular just hit 4.49 here. Jumped from 4.05

2
GBA4ever 2 points ago +2 / -0

It’s $5 here.😡

6
blinddoggy 6 points ago +6 / -0

I think it was $1.89 here, and it was $4.09 yesterday. Meat is at least 33% higher, bacon is $7- $8, up from less than $3. I firmly believe the true inflation rate is higher than 40%.

6
powershellder 6 points ago +6 / -0

Some European country (Hungary? Croatia?) just claimed 69% inflation there.

That seems about right.

3
blinddoggy 3 points ago +3 / -0

Agreed.

3
HockeyMom4Trump 3 points ago +3 / -0

Agree.

5
Do_the_Math 5 points ago +5 / -0

It will skyrocket as the rates rise. The constriction of the money supply will create even higher rates that will add an additional burden to costs, thus leading to even greater inflation and ultimately stagflation.

The opportunity to address inflation with rates and monetary policy came and went with the spike in fuel prices and intentional supply chain disruption. Increasing rates while constricting money supply is the perfect environment for creating double-digit interest rates.

You can't drive down inflation that is caused by high fuel costs, supply shortages and taxes by creating more inflation. Higher rates and borrowing costs add to supply chain costs that get passed on to everyone and everything.

US needs to get back to Trump policies and focus on correcting supply side issues. Then they can tackle liquidity and interest rates.

3
Geralt_of_Rivia1 3 points ago +4 / -1

Rates rising stops inflation, that is why the prime rate hit 21% in 81 to end stagflation

2
blinddoggy 2 points ago +2 / -0

You're not welcome here, Witcher!

Just kidding, Fren, but I'm sure you know that and why I wrote it.

6
TheAttackTitan 6 points ago +6 / -0

They literally admitted to changing the CPI basket calculation metrics. Like “beef” inflation used to be done with steak. Steak is up some 30+%, so substitute it with ground beef which is up maybe 3-5% and suddenly you don’t have inflation anymore. And you can still call it beef and get away with it.

4
Walt_Kowalski 4 points ago +4 / -0

Double what they say. The method used in 1980 to calculate inflation says we’re pushing 20 percent, which any honest person who buys things knows is about right.

3
Walt_Kowalski 3 points ago +3 / -0

We’ll be over 30 percent by the end of the year.

2
blinddoggy 2 points ago +2 / -0

I buy things and honestly still think it is higher. They'll never admit it, though.

9
_Eric_Ciaramella_ 9 points ago +10 / -1

It is at 25%. Find me one product that has only increased 9%. Everything has increased multitudes higher. Chicken is up 100%. Beef is up 50%. Sausage is up 300%. Rent is up 100%. Gas is up 200%. Lumber is up 500%. Hell,, butter is up 30%.

4
BidensPrisonWallet 4 points ago +4 / -0

Bacon prices alone should be a call to arms.

2
WhitePowerRanger 2 points ago +2 / -0

So more than 25%….

2
Average-Joe 2 points ago +2 / -0

Airfare is now up 100%

1
Geralt_of_Rivia1 1 point ago +2 / -1

Show me all of that being up that much from may 2021

4
SomeoneInHouston 4 points ago +4 / -0

They know but can't bring themselves to admit it. Liberals tell me, "what can biden possibly do? He doesn't have the power? ..."

Such idiots.

4
Bigjay 4 points ago +4 / -0

It's near that now. Don't believe the numbers they're telling us.

2
TakingBackCA 2 points ago +2 / -0

That’s not enough. It needs to be several thousand percent higher and people need to be laid off by the hundreds of thousands. Then and only then will anyone lift a finger against their globalist overlords.

2
BidensPrisonWallet 2 points ago +2 / -0

Starvation will be a motivator like no other. Expect a move on the 2A before hunger becomes a reality.

3
TakingBackCA 3 points ago +3 / -0

It won’t happen here, although it should to help move things along. We throw away half of our food production out of sheer decadence. We aren’t even close to anything resembling starvation.

3
BidensPrisonWallet 3 points ago +3 / -0

Yet...

19
COanon 19 points ago +19 / -0

The agenda of the OBiden administration is to further destroy the America middle class into submission.

6
soysaucenuts 6 points ago +6 / -0

WEF has declared this is their goal. Once everyone in the middle class is starving and bankrupt, WEF will swoop in and offer you a “solution:” your debt will be forgiven and you will get UBI IF you move to the nearest city, live in a pod, agree to never own anything again, and eat the bugs.

2
stratocaster_patriot 2 points ago +2 / -0

He did say "bottom up and middle OUT"

13
ThirteenPercenter 13 points ago +14 / -1

Give deadbeats piles of cash and tell them they don’t have to pay rent for over a year, obviously inflation will increase.

5
HuggableBear 5 points ago +5 / -0

Give Print deadbeats piles of cash

1
Geralt_of_Rivia1 1 point ago +2 / -1

Nope, not how the fed works

13
Brobold 13 points ago +13 / -0

I can't wait for my chocolate ration to be lifted from 4oz to 2oz.

5
10MeV 5 points ago +5 / -0

"Would you like to micro-size your order?"

"What's that?"

"You get a micro-burger, along with teensy fries and a thimble drink!"

5
stratocaster_patriot 5 points ago +5 / -0

How much?

$50 but remember that half of that goes to Ukraine to fight Putin/Trump and 1/3 goes to BLM.

Sold!

3
Dangerous_donald1 3 points ago +3 / -0

2+2=5

13
Barack-Obama2 13 points ago +13 / -0

I’ve always had an inflated asshole.

7
NADSAQ 7 points ago +7 / -0

Probably because it gets pounded six times a day with Big Mike’a Meat Bat

2
HerbertBailBondsh 2 points ago +2 / -0

And Reggie Love

3
TakingBackCA 3 points ago +3 / -0

Is it prolapsed?

9
blinddoggy 9 points ago +9 / -0

Who could have thought shutting down pipelines, destroying food manufacturing plants, and cutting off fertilizer/livestock feeds could possibly create inflation? I am shocked. Truly and utterly shocked I say.

9
Jibideen 9 points ago +15 / -6

Stop correcting leftists and start destroying leftism

2
Manofmanytrades 2 points ago +2 / -0

^ this is the correct answer

8
Iliterallylovejv 8 points ago +8 / -0

I fucking can't stand her. She said that 70% of the inflation is driven by energy costs and put that blame square on putin and what's going on in the Ukraine. These people will never take responsibility for their actions. It's never their policy. It's always someone else's fault.

7
username_is_taken 7 points ago +7 / -0

if words were used properly the very definition of inflation is an increase in the supply of something. in this case money/currency/federal reserve notes/dolla bills/etc.

prices are a result of too much money chasing a limited set of goods.

think of an auction. if everyone has $1 at the auction what's the price of goods? if everyone has $1,000,000,000,000 what's the price of the goods?

this is not hard.

but when the definition of words are bastardized it's very complicated and hard to understand because it's inaccurate.

4
Manofmanytrades 4 points ago +4 / -0

In this case everyone at the auction has 1$ and a handful of elite globalists each have 10 trillion dollars. Same inflation result, except no one but the globalists can buy anything.

2
username_is_taken 2 points ago +2 / -0

andy warhol's marilyn monroe just sold for $195,000,000. totally worth it! tastes like chicken.

2
GBA4ever 2 points ago +2 / -0

Agree. When Biden started printing money and handing out checks as the economy should have been recovering, everyone I talked to said it was going to be inflationary.

6
suitwo_wtr 6 points ago +6 / -0

Anyone who is capable of thinking for anything more than 5 seconds would realise that recklessly throwing money at everything while at the same time shutting everything down would lead to inflation. We predicted that, GEOTUS predicted that, all the way back in 2020 because we knew that they would do everything they did.

And now they've thrown in a war as well.

6
Diana 6 points ago +6 / -0

It was predictable on Day 1 of the Fake Biden administration when the environmental cultist cancelled the Keystone Pipeline and declared war on energy. That's a cost that flows into all other goods.

4
CAPTAIN_TENDY_PLATE2 4 points ago +4 / -0

I keep hearing these lunatics try to say that cancelling the pipeline had zero effect on gas prices and energy.

I saw one the other day trying to make a meme where it was like, "Still trying to figure out how conservatives think a pipeline is going to pump gas directly into the gas station and bring their gas prices down, and how it's joe bidens fault".

I just had to close my eyes and take a deep breath for a second.

5
Gonzotron5000 5 points ago +5 / -0

I sure am glad the adults are back in charge.

5
GayPolitburoAlien 5 points ago +5 / -0

Such utter bullshit, I am not the sharpest knife in drawer but even I knew you print money it's going to cause inflation. Add on to all the other unnecessary spending and you get a shit economy. Amazing how people still vote democrat and act surprised when things go to shit.

5
FuckRedditMAGAMAGA 5 points ago +5 / -0

" I would note that as a relates to actions like the American Rescue Plan, the alternative to not putting in place and advocating for the American Rescue Plan would have been the economy continuing to spiral. Right? "

No, the alternative would have been to open up businesses again and allowing people to get on with their lives. Printing money to throw it at shit like the a Kennedy Center (most of the stimulus money went to shit like that instead of back into the wallets of those who worked for it) SURPRISE SURPRISE led to inflation

4
Liberty4All 4 points ago +4 / -0

Exactly this. The alternative was to let everyone assess their own risks and make their own economic decisions.

Enough people would have chosen to stay home as much as possible that the economy still would have slowed down. The slowdowns would have been worst in the restaurant (dine-in), travel, and entertainment industries.

But t the lockdowns, shutdowns, occupancy restrictions, social distancing, mask requirements, and later the vaccine requirements caused the same industries to be hit even harder, plus many more industries suffered as well. Small businesses of all kinds were especially hard hit.

So, had the government stayed within their constitutional bounds and let people make their own choices, many more businesses would have survived. Millions of people would have kept their jobs. Not to mention all of the small landlords who would still own their properties instead of losing them to eviction moratoriums.

(I still think that there should be a class action suit against the federal government for an uncompensated taking due to the shutdowns and eviction moratoriums. Denying owners the income from their businesses and rental properties is even worse than using eminent domain to take them. At least in an eminent domain taking the business owner or property owner gets paid for giving up their property.)

4
JoeTrump 4 points ago +4 / -0

Every policy they put in place starting with USA energy destruction (Largest Cause of Inflation) was to lead to Huge Inflation!

So you had to be a complete Moron not to know it! They knew it because that was there plan to continue to destroy the wealth of the Middle class in the USA!!!!

4
ChiKAGo 4 points ago +4 / -0

Bitch, literally everyone told you this was the most likely, most probable outcome.

Only retarded Modern Monetary Theorists and saboteurs thought this was a good idea and no one can find any of them anymore because they all realized just how fucking retarded they were and are either in hiding out of shame or back in their home countries after a successful round of sabotage over here.

4
MightyEighth 4 points ago +4 / -0

And guess who doesn’t get affected by things like inflation, the people that caused it!

LETS GO BRANDON

4
AbrahamLincoln 4 points ago +4 / -0

Psaki is both a complete retard, and a liar.

4
buckiemohawk 4 points ago +4 / -0

shes such a liar and an idiot. The shit comes out of her mouth with its Putins inflation when its not

3
tiamat 3 points ago +3 / -0

Nobody (that we wanted to listen to)

3
MythArcana 3 points ago +3 / -0

Even a communist robot is wrong every day.

3
10MeV 3 points ago +3 / -0

They all knew. They've always known.

Inflation is simply a stealth tax on everyone. It lets the government spend like a drunken sailor on piles of crap they never could if it was subject to normal legislative processes. They could never get the magnitude of spending on social programs they do if the public had to agree first.

No, they deficit-spend thus creating fiat money, and through inflation steal the wealth of the nation. Your pile of savings becomes worth less and less, because the government is literally stealing its value right before your eyes.

3
QueensOwn 3 points ago +3 / -0

More Ballsaki disinformation…I’m just shocked! Where oh where are the censors they love so much.

3
unspecified_user 3 points ago +3 / -0

So full of shit, these swine.

3
EnforcerDesu 3 points ago +3 / -0

Jesse Kelly, a junior college drop-out. Also everyone on Bannon's War Room.

3
Guildpro101 3 points ago +3 / -0

umm I did, years ago when we started with the stimmy checks.

Not that hard, print money, moar problems

2
Lightning10000 2 points ago +2 / -0

Ron Paul has entered the chat.

2
Destroy_WithLove 2 points ago +2 / -0

If you knew absolutely nothing about economics or the regime currently occupying the White House, you could easily tell this woman is a FUCKING LIAR.

Look at her eye brows. Look at how high they're raised. Body language experts call that the "believe me" look. You see that when someone is consciously spinning a bullshit story. It's a pretty reliable indicator of deception.

2
IamBACK 2 points ago +2 / -0

My name is Nobody.

2
COanon 2 points ago +2 / -0

True - they didn't predict it. BUT they created it as part of the WEF and deep state agenda they adhere to.

Inflation right now is to destroy the middle class. Our present fake government is behind it 110%.

2
NinjaFish 2 points ago +2 / -0

Reminds me of the scene in Deadpool 2 when he says “who knew the winds would be so strong” to which Domino replies “everyone! everyone on the helicopter, and everyone not on the helicopter.”

2
sixfingerdildo 2 points ago +2 / -0

nobody's taking responsibility for it and you can't make them.

That's the bottom line here.

2
QSWO1 2 points ago +2 / -0

If her hometown does not bring justice to the situation they should be charged as accessories.

2
stratocaster_patriot 2 points ago +2 / -0

Well of course the important question is, "What does Moody's think about it?" Biden claims they all think he's an economic genius lol.

2
Riehlpissed 2 points ago +2 / -0

I did and I’m not a finance expert, just a common sense guy.

2
DickTick 2 points ago +3 / -1

"If we look at the recent inflation data, a large, depending on which data you look at, two thirds to even 70 percent of inflation data is a result of energy prices," she continued, arguing Biden Administration policies and government policies aren't the driver behind inflation. "A large part of that is the result, Chairman Powell has spoken to this and Secretary, Secretary Yellen has also spoken to this, is a result of President Putin's invasion of Ukraine and the impact on the global energy markets. Those are all steps and impacts that I don't think anyone could have predicted a year ago."

I hate these people with every ounce of my goddamn soul

2
utfanx2 2 points ago +2 / -0

Certainly not Bill Gates who has been putting everything into assets.

2
texas4ever 2 points ago +2 / -0

Trump predicted a depression.

2
stratocaster_patriot 2 points ago +2 / -0

You turned off the economy meaning no more supply and you kept the money printers running full steam. Everybody educated before 1990 would have predicted massive inflation.

2
hey_spike 2 points ago +2 / -0

'nobody' She is not lying. She just acknowledged that the entire administration, including herself, is economically challenged, and as such, was incapable of predicting inflation.

2
CynicalTwit22 2 points ago +2 / -0

Experts got it wrong again, then???

2
TommyJarvis 2 points ago +2 / -0

Her point is that it's all "Putin's Fault" and that nobody could have forseen Putin would do what he did.

She's taking a false premise as fact and then building her lies on top of that.

2
Qualityproduct 2 points ago +2 / -0

"noone in government would have thought they'd use airplanes as weapons, at least it not in our administration"

That's what this reminds me of

2
Knowbody 2 points ago +2 / -0

"Nobody" predicted this, except for a long list of people who were censored for "misinformation"

2
jsphere256 2 points ago +2 / -0

I'm practically Nostradamus and I didn't see it coming. Oh wait, I did.

1
FreeNow 1 point ago +1 / -0

I thought Rand Paul did during the debate in the Senate.