REAL WORLD EVENT DISCUSSIONS

I'm surprised there's not an inflation thread yet

POSTED BY: 6IXSTRINGJACK
UPDATED: Saturday, April 27, 2024 21:28
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PAGE 12 of 15

Monday, April 3, 2023 6:41 PM

6IXSTRINGJACK


Quote:

Originally posted by second:
Quote:

Originally posted by 6IXSTRINGJACK:
NOT ON THAT GRAPH: Oil just went up today and will continue to rise since nobody at OPEC+ (or anybody else with half a working brain) respects Joe Biden* or his administration.

The point of OPEC is to raise prices. Rich oil people set the prices, not from respect of the Presidents in France or South Korea or anywhere. The reason why oil prices never go to infinity is that rich oil people start undercutting each other's price to make more money for themselves, but they don't pay any attention to what Presidents want the price to be. Unless the President also is a rich oil person or controls a Strategic Oil Reserve with infinite amounts of oil already stored, the President has no control over the price.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly



Shut the fuck up. And shove the jabberwocking up your cock holster.

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Monday, April 3, 2023 6:54 PM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/folder/1uwh75oa407q8/Firefly


Quote:

Originally posted by 6IXSTRINGJACK:

Shut the fuck up. And shove the jabberwocking up your cock holster.

6ix, I know that Trumptards misunderstand how prices are set. They also think businesses are supposed to be run to create jobs for Trumptards. No successful business has ever been run that way, 6ix, but you dummies can't understand that any better than you understand prices. It is no surprise when Trumptards go into business and don't prosper. You don't know what you're doing and never will. What a bunch of losers you are.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Monday, April 3, 2023 6:58 PM

6IXSTRINGJACK


Quote:

Originally posted by second:
Quote:

Originally posted by 6IXSTRINGJACK:

Shut the fuck up. And shove the jabberwocking up your cock holster.

6ix, I know that Trumptards misunderstand how prices are set. They also think businesses are supposed to be run to create jobs for Trumptards. No successful business has ever been run that way, 6ix, but you dummies can't understand that any better than you understand prices. It is no surprise when Trumptards go into business and don't prosper. You don't know what you're doing and never will. What a bunch of losers you are.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly



Nope. That's not it.

We've been through all of this before and debunked your idiocy countless times.

Only this time you post an article that's patently false, especially since news had already broken out this morning that OPEC+ had lowered its daily output from today until the end of the year and the market already had oil up 5% hours before you reposted it.

https://oilprice.com/oil-price-charts/#Brent-Crude

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Monday, April 3, 2023 7:07 PM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/folder/1uwh75oa407q8/Firefly


Quote:

Originally posted by 6IXSTRINGJACK:

Nope. That's not it.

We've been through all of this before and debunked your idiocy countless times.

Only this time you post an article that's patently false, especially since news had already broken out this morning that OPEC+ had lowered its daily output from today until the end of the year and the market already had oil up 5% hours before you reposted it.

https://oilprice.com/oil-price-charts/#Brent-Crude

Every stupid ass Trumptard in business insists they know what they are doing. They don't. Even your example of oil prices going up 5% shows that you understand nothing.

Trumptard business owners compensate for their thick-skull ignorance by cheating their customers, employees, suppliers, and subcontractors. Those are things successful businesses don't do, but Trump has to keep himself from going bankrupt, again.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Monday, April 3, 2023 8:14 PM

6IXSTRINGJACK


Quote:

Originally posted by second:
Quote:

Originally posted by 6IXSTRINGJACK:

Nope. That's not it.

We've been through all of this before and debunked your idiocy countless times.

Only this time you post an article that's patently false, especially since news had already broken out this morning that OPEC+ had lowered its daily output from today until the end of the year and the market already had oil up 5% hours before you reposted it.

https://oilprice.com/oil-price-charts/#Brent-Crude

Every stupid ass Trumptard in business insists they know what they are doing. They don't. Even your example of oil prices going up 5% shows that you understand nothing.

Trumptard business owners compensate for their thick-skull ignorance by cheating their customers, employees, suppliers, and subcontractors. Those are things successful businesses don't do, but Trump has to keep himself from going bankrupt, again.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly




How was work today, honey?

Barely keeping afloat are you?

I had a nice nap.

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Tuesday, April 4, 2023 10:00 AM

6IXSTRINGJACK


Quote:

Originally posted by JAYNEZTOWN:

Oil prices skyrocket after OPEC+ unexpectedly cuts production, with US gas prices already rising
https://justthenews.com/politics-policy/finance/oil-prices-skyrocket-a
fter-opec-unexpectedly-cuts-production

Russia also said it is reducing production to 500,000 barrels of oil a day until the end of the year.



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Tuesday, April 4, 2023 10:06 AM

6IXSTRINGJACK


https://www.wsj.com/articles/oil-prices-saudi-producers-opec-russia-bi
den-99af6177?mod=opinion_lead_pos2


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Wednesday, April 5, 2023 2:47 PM

6IXSTRINGJACK


Gas is up to $3.89 a gallon by me now. It was $3.22 two weeks ago.

FUCK JOE BIDEN*.

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Thursday, April 6, 2023 5:02 PM

6IXSTRINGJACK


Looks like CNN has finally got to admit the truth...


Is the US economy ‘unwell?’ We’re about to find out

https://www.msn.com/en-us/money/markets/the-us-economy-is-unwell-april
-could-be-a-cruel-month/ar-AA19xKCw




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Thursday, April 6, 2023 5:03 PM

6IXSTRINGJACK


Also...

CNBC: Layoffs are up nearly fivefold so far this year with tech companies leading the way

https://www.cnbc.com/2023/04/06/layoffs-are-up-nearly-fivefold-so-far-
this-year-with-tech-companies-leading-the-way.html


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Thursday, April 6, 2023 8:09 PM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/folder/1uwh75oa407q8/Firefly


Quote:

Originally posted by 6IXSTRINGJACK:
Gas is up to $3.89 a gallon by me now. It was $3.22 two weeks ago.

FUCK JOE BIDEN*.

It's higher in Canada and Mexico, but Biden is not President in either country. I wonder how that works? I guess we will never know.

Canada Mar/23 1.11 USD/Liter

United States Mar/23 0.9 USD/Liter

Mexico Mar/23 1.2 USD/Liter (3.78541 Liters per gallon)

https://take-profit.org/en/statistics/gasoline-prices/america/#contine
nts


Meanwhile, US Regular Gas Price
https://fred.stlouisfed.org/graph/?g=12fZY


The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Thursday, April 6, 2023 10:41 PM

6IXSTRINGJACK


Quote:

Originally posted by second:
Quote:

Originally posted by 6IXSTRINGJACK:
Gas is up to $3.89 a gallon by me now. It was $3.22 two weeks ago.

FUCK JOE BIDEN*.

It's higher in Canada and Mexico, but Biden is not President in either country. I wonder how that works? I guess we will never know.

Canada Mar/23 1.11 USD/Liter

United States Mar/23 0.9 USD/Liter

Mexico Mar/23 1.2 USD/Liter (3.78541 Liters per gallon)

https://take-profit.org/en/statistics/gasoline-prices/america/#contine
nts


Meanwhile, US Regular Gas Price
https://fred.stlouisfed.org/graph/?g=12fZY


The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly




It's called collateral damage, you dumb bitch.

If the price wasn't up for Mexico or Canada, we'd be buying it from them.

Sit down and shut up, retard.

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Friday, April 7, 2023 12:01 AM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/folder/1uwh75oa407q8/Firefly


Quote:

Originally posted by 6IXSTRINGJACK:

It's called collateral damage, you dumb bitch.

If the price wasn't up for Mexico or Canada, we'd be buying it from them.

Sit down and shut up, retard.

There is only one country where the price of gasoline is set by the President of the country: Venezuela. What is the price there? Gasoline Prices 0.02 USD/Liter Mar/23
That is less than a dime per gallon of gasoline.
https://take-profit.org/en/statistics/gasoline-prices/venezuela/

How did that happen? The oil company in Venezuela is owned by Venezuela. Are you surprised?

Petróleos de Venezuela, S.A. is an easy-to-remember name. Everywhere else in the Western Hemisphere the oil companies own themselves and are free to raise their prices to take as much money as possible. No President has control over the price in their country, except for the Venezuelan President.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Tuesday, April 11, 2023 7:46 AM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/folder/1uwh75oa407q8/Firefly


Federal spending is back down to normal

Over at National Review, (right-wing news site) Philip Klein takes in the news that payments on the federal debt have gone up thanks to higher interest rates. Along the way he says:

Under President Biden, massive spending has fueled not only high deficits but also inflation.

Let's take a look!


It looks to me like both Biden and Mitch McConnell spent a big slug of money, and of course they did so for a reason: COVID-19. As the COVID emergency has waned, so has federal spending, which is now back to its longtime trend. (Normally I would have said "Biden and Donald Trump," but I couldn't bring myself to pretend that Trump played any role in this. He was too busy at the time figuring out ways to make sure he didn't take the blame for the pandemic.)

So let's put a cap on the nonsense, OK? If high spending is indeed responsible for our inflation spike, it's as much the responsibility of McConnell as Biden. But if a year of inflation is the price of a spending policy that kept the United States on the path of growth and full employment, it was worth it. As Paul Krugman points out today, COVID emergency spending is the reason that employment took only 37 months to recover compared to the 144 months it took to recover from the Great Recession:


This looks like a pretty good tradeoff to me. It's something to be proud of, not ashamed of.

https://jabberwocking.com/federal-spending-is-back-down-to-normal/

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Tuesday, April 11, 2023 9:06 AM

6IXSTRINGJACK


Quote:

Originally posted by second:
Quote:

Originally posted by 6IXSTRINGJACK:

It's called collateral damage, you dumb bitch.

If the price wasn't up for Mexico or Canada, we'd be buying it from them.

Sit down and shut up, retard.

There is only one country where the price of gasoline is set by the President of the country: Venezuela. What is the price there? Gasoline Prices 0.02 USD/Liter Mar/23
That is less than a dime per gallon of gasoline.
https://take-profit.org/en/statistics/gasoline-prices/venezuela/

How did that happen? The oil company in Venezuela is owned by Venezuela. Are you surprised?

Petróleos de Venezuela, S.A. is an easy-to-remember name. Everywhere else in the Western Hemisphere the oil companies own themselves and are free to raise their prices to take as much money as possible. No President has control over the price in their country, except for the Venezuelan President.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly



I'm not going to debate this with you again, retard.

You're too stupid to understand the concept.

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Tuesday, April 11, 2023 9:21 AM

6IXSTRINGJACK


Here you go, Kevin Drum...

58% of Americans are living paycheck to paycheck, including many earning 6 figures: CNBC survey

https://www.cnbc.com/2023/04/11/58percent-of-americans-are-living-payc
heck-to-paycheck-cnbc-survey-reveals.html



Stop your Biden* cheerleading, asshole.

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Tuesday, April 11, 2023 11:18 AM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/folder/1uwh75oa407q8/Firefly


Quote:

Originally posted by 6IXSTRINGJACK:
Here you go, Kevin Drum...

58% of Americans are living paycheck to paycheck, including many earning 6 figures: CNBC survey

https://www.cnbc.com/2023/04/11/58percent-of-americans-are-living-payc
heck-to-paycheck-cnbc-survey-reveals.html



Stop your Biden* cheerleading, asshole.

In 1965 I was 13 years old and working for $0.95/hour at Burger King, alongside my father. We didn't own a house and 75% of Americans were living paycheck to paycheck, which had everything to do with who those Americans were, not who was President. 6ix, you white trash idiots have never understood that. Even then, the lazy no-good white trash were blaming the President. My father ended up a millionaire, working at Burger King. My mother, who outlived him by 14 years, was a multi-millionaire. All this was done on Burger King money. And the white trash idiots, what happened to them? They still lived paycheck to paycheck and when they could no longer work, they depended completely on Social Security. But fortunately, they died early, so soon after they retired, because they lived like white trash Trumptards live today.

In 1965, my parents explained to the stupid white trash like you, 6ix, how to get ahead in America and it wasn't by voting for Trump. (The closest equivalent to Trump was Gov. George Wallace of Alabama.) But stupid people like you were always convinced you were poor because Wallace wasn't President and you knew better about how money worked. Time proved you didn't, but my parents did. People like 6ix either die poor or die early. People like my parents die rich and live long, even when they started as poor.

America is an easier place to live in 2023 than 1965, 6ix, but stupid white trash are still finding new ways (along with old) to fill their lives with ridiculous drama and unnecessary suffering and kill themselves with their bad habits.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Monday, April 17, 2023 9:17 AM

6IXSTRINGJACK


CNN: Americans are struggling to pay off their car loans.

https://www.cnn.com/2023/04/15/cars/car-loan-interest-rates-2023-dg/in
dex.html


Quote:

You’ve managed to buy the car, but can you afford to keep paying for it?


No. You didn't buy the car.

Have fun trying to pay it off over the next 72 months though.

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Monday, April 17, 2023 9:55 AM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/folder/1uwh75oa407q8/Firefly


Quote:

Originally posted by 6IXSTRINGJACK:
CNN: Americans are struggling to pay off their car loans.

https://www.cnn.com/2023/04/15/cars/car-loan-interest-rates-2023-dg/in
dex.html


Quote:

You’ve managed to buy the car, but can you afford to keep paying for it?


No. You didn't buy the car.

Have fun trying to pay it off over the next 72 months though.

If the customer is NOT struggling to pay, then the salesman has NOT set the price high enough. It is a seesaw where the salesman gets richer as the customer gets poorer. If you think there is a third person on the seesaw, the President helping either the customer or salesman, you are mistaken. The government is not involved because it doesn't set the prices for the customer or the salesman.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Monday, April 17, 2023 10:03 AM

6IXSTRINGJACK


That's something the Leftards keep saying.

None of this was happening under President Trump.

Keep coping. I'm looking forward to getting a car for pennies on the dollar in the next year or two just like I did with my house.

Meanwhile, all the Millennial and Zoomer Liberal dipshits will continue to live in Mom's basement and have their cars repossessed because that's what they voted for.






Biden’s electric-car mandates slam the working class and boost China

https://nypost.com/2023/04/16/bidens-electric-car-mandates-slam-the-wo
rking-class-and-boost-china
/

Quote:

The industry only makes EVs because 1) the feds basically require it, and 2) its leaders buy the idea that EVs are the future; companies feel doomed if they don’t get onboard now.

Nor do EVs actually much reduce carbon emissions, because the electricity that powers them is itself mainly the product of burning carbon fuels.

And will remain so for the foreseeable future, unless America suddenly starts building a lot more nuclear power plants.

Washington (and state capitols from Albany to Sacramento) can decree vast increases in solar- and wind-produced electricity, but actually making it happen is ruinously expensive — roughly half a trillion bucks just for New York’s current plan.

Meanwhile, Beijing dominates the supply chain for key components of electric vehicles. And changing that requires Washington not just to rule out consumer subsidies for China-dependent EVs, but also to enable, for example, massive lithium mining in this country — overriding other environmental concerns.

Not to mention the toxicity of used high-tech batteries (and the near-nonexistent technology for recycling them).

Because EVs are limited in range (and charging them is time-consuming), the consumer market will likely respond by keeping old ICE-cars on the road far longer. Used-car prices will soar.

Either by having to buy electric despite the price and inconvenience, or forking over more for clunkers, working stiffs get the shaft again.




Don't worry everyone, Trump will reverse all that dumb bullshit.




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Tuesday, April 18, 2023 3:44 PM

6IXSTRINGJACK


Public pessimism on the economy hits a new high, CNBC survey shows

https://www.cnbc.com/2023/04/18/public-pessimism-on-the-economy-hits-a
-new-high-cnbc-survey-shows.html



More US consumers are falling behind on payments

https://www.reuters.com/markets/us/more-us-consumers-are-falling-behin
d-payments-2023-04-18
/



Biden* and Democrats are done.

Biden* and Democrats just haven't figured it out yet.



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Wednesday, April 19, 2023 5:51 AM

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The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/folder/1uwh75oa407q8/Firefly


Greed-flation has gone too far

For over a year now, consumers and businesses, both in the U.S. and worldwide, have struggled with stubborn inflation. But the soaring costs haven’t prevented corporations from raking in record profits. The companies in last year’s Fortune 500 alone generated an all-time high $1.8 trillion in profit on $16.1 trillion in revenue.

Voices largely on the left side of the political spectrum have been sounding the alarm on this, but now an economist at one of the world’s oldest and greatest investment banks is singing the same tune.

Albert Edwards, a global strategist at the 159-year-old bank Société Générale, just released a blistering note on the phenomenon that has come to be called Greedflation. Corporations, particularly in developed economies like the U.S. and U.K., have used rising raw material costs amid the pandemic and the war in Ukraine as an “excuse” to raise prices and expand profit margins to new heights, he said. And the French investment bank isn’t just historic: It’s one of the select banks considered to be “systemically important” by the Financial Stability Board, the G20’s international body dedicated to safeguarding the global financial system.

Furthermore, Edwards wrote, in the Tuesday edition of his Global Strategy Weekly, after four decades of working in finance, he’s never seen anything like the “unprecedented” and “astonishing” levels of corporate Greedflation in this economic cycle. To his point, a January study from the Federal Reserve Bank of Kansas City found that “markup growth”—the increase in the ratio between the price a firm charges and its cost of production—was a far more important factor driving inflation in 2021 than it has been throughout economic history.

Edwards added that he fears the “super-normal profit margins” of corporations in the U.S. and abroad could eventually “inflame social unrest” if consumers continue to struggle with inflation.

“The end of Greedflation must surely come. Otherwise, we may be looking at the end of capitalism,” he warned. “This is a big issue for policymakers that simply cannot be ignored any longer.”

Edwards’s note could be significant in bringing a viewpoint that has thus far lived on the progressive fringe into the mainstream. For instance, a debate over Greedflation broke out last month, during former Daily Show host Jon Stewart’s interview with Larry Summers on his new Apple TV show, The Problem. As Stewart and Summers debated whether the Fed was right to pressure wages to fall by raising interest rates in its inflation fight, Stewart pivoted: “Why aren’t we attacking corporate profit in any way? Because that’s been estimated to be 30% of inflation, 40% of inflation?”

Summers was quick to respond that he didn’t think it was “a tenable view that all of a sudden corporations became greedy.” Edwards seems to be saying that it actually is quite tenable.

The strategist referenced a paper by University of Massachusetts Amherst economists Isabella Weber and Evan Wasner, titled, “Sellers’ Inflation, Profits and Conflict: Why Can Large Firms Hike Prices in an Emergency?” which found that corporations engaged in “price gouging” during the pandemic and argued temporary price controls may be the only way to prevent the “inflationary spirals” that could come as a result of this gouging.

“Looking at their conclusions on how to deal with Greedflation, price controls seem to emerge as a favorite method of control,” Edwards argued.

More at https://web.archive.org/web/20230413003633/https://fortune.com/2023/04
/05/end-of-capitalism-inflation-greedflation-societe-generale-corporate-profits
/

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Wednesday, April 19, 2023 9:04 AM

6IXSTRINGJACK


'Twould be a nobler goal than trying to get a high BlackRock ESG score.

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Friday, April 28, 2023 2:05 PM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/folder/1uwh75oa407q8/Firefly


PCE inflation drops sharply in March



https://jabberwocking.com/pce-inflation-drops-sharply-in-march/


https://fred.stlouisfed.org/graph/?g=12W6o

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Saturday, April 29, 2023 1:53 AM

6IXSTRINGJACK


So? Who gives a shit?

Unless prices decline sharply, Biden* fucked the economy so hard already that 80% of the country is fucked and can't even come up with $400 for an emergency.

You did this. You voted for this.

--------------------------------------------------

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Saturday, April 29, 2023 9:58 AM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/folder/1uwh75oa407q8/Firefly


Quote:

Originally posted by 6IXSTRINGJACK:
So? Who gives a shit?

Unless prices decline sharply, Biden* fucked the economy so hard already that 80% of the country is fucked and can't even come up with $400 for an emergency.

You did this. You voted for this.

Why do you refuse to understand that companies have always set their own prices? The President does not set prices. I'm guessing that you reinterpreted "companies set their own prices" to mean "companies can do whatever pleases". But companies can't do as they please because there actually are foggy and soft limits that companies recognize on how high they can raise prices (and those limits are set by how much money the customers have and how gullible are those customers) but those limits are not set by the President.

The US has seen something like what Lael Brainard, the former second-in-command at the Fed and now the Biden administration’s chief economist, calls a “price-price spiral,” in which some firms raise prices more than their costs go up.
https://www.federalreserve.gov/newsevents/speech/brainard20230119a.htm

At least some of this may have involved firms believing that they could get away with exceptional price hikes because customers wouldn’t notice in a time of widespread price hikes. (There’s a lot about this in this paywalled Bloomberg discussion.)
https://www.bloomberg.com/news/articles/2023-03-09/transcript-companie
s-are-telling-us-the-real-reason-they-re-still-raising-prices


Companies Are Telling Us the Real Reason They're Still Raising Prices
Tracy Alloway, Joe Weisenthal

March 9, 2023 at 8:23 AM CST

The persistence of inflation is a bit of a mystery to economists. Many of the shocks of the last few years have faded. And the Fed has raised rates aggressively, with seemingly only a modest impact. So why are companies still raising prices? If you listen, they actually explain a lot of their reasoning on corporate conference calls. On this episode of the podcast, we speak with Samuel Rines, managing director at Corbu, who has gone through numerous transcripts and come to the conclusion that management teams are still being rewarded for "price over volume" strategies. Companies in this environment are happy to sacrifice a bit of volume sales in order to keep moving through large price increases. He walks us through what he's learned from companies like Wingstop, Tractor Supply, and PepsiCo. And he talks about what you should expect to see when the inflationary urge finally starts to crest. This transcript has been lightly edited for clarity.

6ix, every successful businessman knows that if customers still have money in their pocket after a purchase ("80% of the country is fucked and can't even come up with $400 for an emergency") then the businessman did not set his price high enough. He could have charged more if the customer still has $400. By the way, the President has no control over how greedy the businessman can be.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Saturday, April 29, 2023 1:26 PM

6IXSTRINGJACK


Quote:

Originally posted by second:
Quote:

Originally posted by 6IXSTRINGJACK:
So? Who gives a shit?

Unless prices decline sharply, Biden* fucked the economy so hard already that 80% of the country is fucked and can't even come up with $400 for an emergency.

You did this. You voted for this.

Why do you refuse to understand that companies have always set their own prices? The President does not set prices.



Because you're lying by omitting many inconvenient truths about the failed policies and the failed Democrat politicians and appointments that have plagued this country for over two years now that lead to the inflation.

The Democrat Party is responsible for all of this, and because the US Dollar is tied to Petrol, it is very much responsible for a good amount of inflation worldwide as well.



--------------------------------------------------

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Sunday, April 30, 2023 9:57 AM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/folder/1uwh75oa407q8/Firefly


Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by second:
Quote:

Originally posted by 6IXSTRINGJACK:
So? Who gives a shit?

Unless prices decline sharply, Biden* fucked the economy so hard already that 80% of the country is fucked and can't even come up with $400 for an emergency.

You did this. You voted for this.

Why do you refuse to understand that companies have always set their own prices? The President does not set prices.



Because you're lying by omitting many inconvenient truths about the failed policies and the failed Democrat politicians and appointments that have plagued this country for over two years now that lead to the inflation.

The Democrat Party is responsible for all of this, and because the US Dollar is tied to Petrol, it is very much responsible for a good amount of inflation worldwide as well.

The oil producers set prices, not the President. You and your kind are cheated in business deals because you don't understand that price is a negotiation only between two people. There is not a third person, the President of the United States, involved when you are overcharged in a deal.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Sunday, April 30, 2023 10:00 AM

6IXSTRINGJACK


Quote:

Originally posted by second:
Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by second:
Quote:

Originally posted by 6IXSTRINGJACK:
So? Who gives a shit?

Unless prices decline sharply, Biden* fucked the economy so hard already that 80% of the country is fucked and can't even come up with $400 for an emergency.

You did this. You voted for this.

Why do you refuse to understand that companies have always set their own prices? The President does not set prices.



Because you're lying by omitting many inconvenient truths about the failed policies and the failed Democrat politicians and appointments that have plagued this country for over two years now that lead to the inflation.

The Democrat Party is responsible for all of this, and because the US Dollar is tied to Petrol, it is very much responsible for a good amount of inflation worldwide as well.

The oil producers set prices, not the President. You and your kind are cheated in business deals because you don't understand that price is a negotiation only between two people. There is not a third person, the President of the United States, involved when you are overcharged in a deal. I swear you and your kind are stupid fuckers who deserve to be cheated.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly



You are too stupid to have this conversation with. I'm not going to have it with you again.

--------------------------------------------------

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Sunday, April 30, 2023 10:04 AM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/folder/1uwh75oa407q8/Firefly


Quote:

Originally posted by 6IXSTRINGJACK:

You are too stupid to have this conversation with. I'm not going to have it with you again.

I swear you and your kind are stupid fuckers who deserve to be cheated by businessmen doing what is most profitable for themselves. Businesses are NOT run to benefit customers or employees. It is absolutely ridiculous that customers and employees keep misunderstanding this simple truth.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Sunday, April 30, 2023 10:05 AM

6IXSTRINGJACK


Quote:

Originally posted by second:
Quote:

Originally posted by 6IXSTRINGJACK:

You are too stupid to have this conversation with. I'm not going to have it with you again.

I swear you and your kind are stupid fuckers who deserve to be cheated by businessmen doing what is most profitable for themselves. Businesses are NOT run to benefit customers or employees. It is absolutely ridiculous that customers and employees keep misunderstanding this simple truth.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly





Get fucked, retard. I just flushed down a turd that was smarter than you.

--------------------------------------------------

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Sunday, April 30, 2023 10:18 AM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/folder/1uwh75oa407q8/Firefly


Quote:

Originally posted by 6IXSTRINGJACK:

Get fucked, retard. I just flushed down a turd that was smarter than you.

6ix, you do a great job of deluding yourself. Businesses make a massive effort to convince customers that the motivation of business is something higher and more admirable than profit. Check out the medical business in America which has convinced patients that paying the highest prices in the world means Americans get the best health in the world. By deluding people in that way the business makes more profit.

US healthcare spending is much higher than anywhere else in the world.
https://www.weforum.org/agenda/2023/02/charted-countries-most-expensiv
e-healthcare-spending
/


The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Sunday, April 30, 2023 10:21 AM

6IXSTRINGJACK


Quote:

Originally posted by second:
Quote:

Originally posted by 6IXSTRINGJACK:

Get fucked, retard. I just flushed down a turd that was smarter than you.

6ix, you do a great job of deluding yourself. Businesses make a massive effort to convince customers that the motivation of business is something higher and more admirable than profit. Check out the medical business in America which has convinced patients that paying the highest prices in the world means Americans get the best health in the world. By deluding people in that way the business makes more profit.

US healthcare spending is much higher than anywhere else in the world.
https://www.weforum.org/agenda/2023/02/charted-countries-most-expensiv
e-healthcare-spending
/


The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly



Me, dealing with Second:



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Sunday, April 30, 2023 10:32 AM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/folder/1uwh75oa407q8/Firefly


Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by second:
Quote:

Originally posted by 6IXSTRINGJACK:

Get fucked, retard. I just flushed down a turd that was smarter than you.

6ix, you do a great job of deluding yourself. Businesses make a massive effort to convince customers that the motivation of business is something higher and more admirable than profit. Check out the medical business in America which has convinced patients that paying the highest prices in the world means Americans get the best health in the world. By deluding people in that way the business makes more profit.

US healthcare spending is much higher than anywhere else in the world.
https://www.weforum.org/agenda/2023/02/charted-countries-most-expensiv
e-healthcare-spending
/


The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly



Me, dealing with Second:

6ix, you will be overcharged for your diabetes healthcare because everybody in America is being overcharged compared to other countries.

Per-capita health expenditure in selected countries in 2021

United States $12,318
Germany $7,383
Sweden $6,262
Canada $5,905
United Kingdom $5,387
Italy $4,038
South Korea $3,914
Poland $2,568

https://www.weforum.org/agenda/2023/02/charted-countries-most-expensiv
e-healthcare-spending
/

If doctors in other countries charged what they do in the US, patients would be burning doctors' offices. But in the US? Americans are stupid enough to pay and too cowardly to riot. There is a role that government could play in America: place restraints on American doctors' greed.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Sunday, April 30, 2023 10:48 AM

6IXSTRINGJACK


Quote:

Originally posted by second:
Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by second:
Quote:

Originally posted by 6IXSTRINGJACK:

Get fucked, retard. I just flushed down a turd that was smarter than you.

6ix, you do a great job of deluding yourself. Businesses make a massive effort to convince customers that the motivation of business is something higher and more admirable than profit. Check out the medical business in America which has convinced patients that paying the highest prices in the world means Americans get the best health in the world. By deluding people in that way the business makes more profit.

US healthcare spending is much higher than anywhere else in the world.
https://www.weforum.org/agenda/2023/02/charted-countries-most-expensiv
e-healthcare-spending
/


The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly



Me, dealing with Second:

6ix, you will be overcharged for your diabetes healthcare because everybody in America is being overcharged compared to other countries.



Yup.

And your solution to this is Government controlling prices, which is also somethign you say that government cannot do.

Hmmmmmm...




How has your brain not spontaneously combusted yet with all of those contradictory thought patterns ceaselessly rubbing back and forth and giving your gyri indian burns all day long?

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Sunday, April 30, 2023 11:18 AM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/folder/1uwh75oa407q8/Firefly


Quote:

Originally posted by 6IXSTRINGJACK:

Yup.

And your solution to this is Government controlling prices, which is also somethign you say that government cannot do.

Hmmmmmm...




How has your brain not spontaneously combusted yet with all of those contradictory thought patterns ceaselessly rubbing back and forth and giving your gyri indian burns all day long?

I guess you have not heard of Medicare? Health care spending, both per person and as a share of GDP, continues to be far higher in the United States than in other high-income countries. Yet the U.S. is the only country that doesn’t have universal health coverage, i.e. Medicare-For-All.
https://www.commonwealthfund.org/publications/issue-briefs/2023/jan/us
-health-care-global-perspective-2022


It is always a fight about what price doctors will be paid for Medicare patients between Democrats on one side and Doctors and Republicans on the other. I hope you are aware that American doctors always want Medicare patients to be more profitable than patients not covered by Medicare. And then there are the American health insurance companies always pressing for money to insure the expenses that Medicare does not cover because Republicans and insurance companies don't want those expenses covered since insurance is very profitable.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Tuesday, May 2, 2023 7:37 PM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/folder/1uwh75oa407q8/Firefly


We are NOT in business to provide inexpensive housing.
We are in business to take all your money:

Landlord Software Is Making Life Hell for Renters, Report Says

Property technology, or proptech, is allowing big landlords to buy homes at scale, raise rents, and evict tenants remotely.

https://www.vice.com/en/article/ak3vek/landlord-software-is-making-lif
e-hell-for-renters-report-says


Exploitative rent-to-own programs have a long history in the U.S. In the 1950s and 60s, countless Black renters were victimized by “contract to deed” programs where they would pay a higher rent with a promise to have the deed turned over to them, only to have the contract canceled for minor violations.

Modern rent-to-own schemes are similar in that renters build no equity and in the majority of cases don’t end up owning a home. They have been supercharged by private equity and the tech sector. The report breaks down the success of various rent-to-own startups along with their funding.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Wednesday, May 17, 2023 8:02 PM

6IXSTRINGJACK


Fuck Joe Biden. Fuck Democrats.

https://www.spokesman.com/stories/2023/may/15/us-households-show-signs
-of-stress-as-new-delinque
/


Good luck, wage slaves. I hope buying all that shit you didn't need was worth it, because now you're all fucked.

I'm looking forward to buying your used shit for pennies on the dollar what you paid when you bought it new.

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Friday, May 19, 2023 8:51 AM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/folder/1uwh75oa407q8/Firefly


Will The U.S. Economy Pull Off a ‘Soft Landing’?

https://web.archive.org/web/20230519115003/https://www.nytimes.com/int
eractive/2023/05/18/opinion/jobs-inflation-economy.html


The problem of inertia

Whenever inflation becomes an issue, people begin invoking the specter of the 1970s. The standard story about what happened then goes like this: A combination of bad luck (wars and revolutions in the Middle East) and bad policy (printing too much money and ignoring the inflation warning signs) allowed inflation to become “entrenched” in the economy. And purging that entrenched inflation was extremely costly.

What do we mean by entrenched inflation? Some prices, like those of oil or soybeans (or international shipping) fluctuate constantly. Many prices and most wages, however, are revised only at intervals — for example, a typical employer gives its workers contracts that set their pay for the next year. And these price revisions aren’t coordinated. In any given month, some prices and wages will be reset, but most will have been set some time in the past.

What this means in times of sustained inflation is that many of the economy’s players are caught up in a game of leapfrog. Every time they reset prices, they’ll raise them substantially, even if demand for their products is weak. That’s partly to try to catch up with other players’ price increases since their last reset and partly to get ahead of future price hikes by their suppliers and competitors. So inflation becomes self-sustaining unless something breaks the cycle.

One way to break the cycle might be to impose price controls — simply order businesses to stop hiking — or, in a sufficiently cohesive society, to get all the major players to agree to stand down. Such direct approaches have sometimes worked. Price controls did help contain U.S. inflation during World War II. In 1985 Israel engineered a big fall in inflation at relatively low cost by getting major unions and companies to agree to a pact enforcing wage and price restraints.

But it’s hard to come up with other successful examples of imposed or negotiated price restraint. Richard Nixon’s 1971 price controls led to shortages and effectively fell apart.

Line chart showing how Nixon’s price freezes had little effect on unemployment but led to rapidly rising inflation

Source: Bureau of Labor Statistics

Last year Viktor Orban of Hungary — yes, the darling of the American right — tried to suppress inflation with selective price controls; his effort also failed, and Hungary currently has the highest inflation rate in the European Union.

What if policymakers can’t legislate or negotiate inflation down? The standard answer — ugly, but time-tested — is to deliberately weaken the economy: use contractionary policies — tax hikes, spending cuts or, usually, higher interest rates — to suppress overall spending. Faced with weaker demand for their products, businesses will raise prices and wages more slowly; as they see other companies doing the same, their price hikes will become even smaller, and inflation will gradually ramp down.

The good news about this approach is that it definitely works. It is, in fact, how the inflation of the 1970s was brought under control. The bad news is that it can be immensely costly, because businesses squeezed by weaker demand may lay off many of their employees before inflation has come down to acceptable levels.

Exhibit A is the story of the 1980s. Inflation came down from around 10 percent at the beginning of the decade to around 4 percent when Bush the elder won his election. But along the way there was a huge bulge in unemployment, which didn’t get back down to its 1979 level until 1987. Here’s a graphic that illustrates the costs:

Line chart showing how inflation dropping in the 1980s resulted in increased unemployment

Source: Bureau of Labor Statistics

The shaded area shows the excess unemployment above the 1979 level. In the jargon, a “point-year” of unemployment is one percentage point of excess unemployment for one year; the disinflation of the 1980s appears to have cost 15 point-years. Last year Larry Summers explicitly argued that disinflation this time around might be comparably difficult. Hence his horrifying pronouncements about how much unemployment we’re going to need.

There are two counterarguments. One is that inflation in 2023 isn’t entrenched the way it was on the eve of the ’80s disinflation. Back then, almost everyone expected high inflation for the foreseeable future. You can see these expectations in the wage settlements major employers were making with unions: On average, new contracts granted a 9.8 percent wage hike in the first year and 7.9 percent annually over the life of the contract. Companies wouldn’t have been willing to do that unless they expected rapid growth in both the cost of living and the wages their competitors were paying.

We don’t have comparable numbers today, because private-sector unions have nearly disappeared. But surveys suggest that businesses expect their costs to rise by less than 3 percent over the next year, and workers similarly only expect their earnings to grow around 3 percent.

The other reason to question analogies with the 1980s is that it might be possible to cool the economy without causing big job losses. Some economists argue that other measures, notably unfilled job openings and the rate at which workers are quitting their jobs, are better indicators of economic overheating than the unemployment rate. Both are elevated, but both have come down substantially over the past year without any rise in unemployment.

What does the data say? One key observation is that despite the fact that unemployment hasn’t (yet?) gone up at all, inflation is down a long way from its peak:

Line chart showing inflation has risen post-pandemic without a corresponding rise in unemployment

Source: Bureau of Labor Statistics

On the other hand, there’s still a case to be made that this has been the easy part — that for the past few quarters “underlying” inflation (a slippery concept) has been moving sideways rather than down. That is, while measures of underlying inflation are clearly lower now than they were in early 2022, it’s not clear that they’ve come down since, say, last November.

Why might inflation still be high? Perhaps because the economy still seems to be running hot, for example with a much higher ratio of unfilled job vacancies to unemployed workers than was normal in the past.

I’d say that even if inflation is moving sideways rather than down, that’s enough to refute some of the extreme hard landing stories — Summers’s claim that we needed a bout of 7.5 percent unemployment was based partly on the view that unemployment needed to rise to 5 percent just to keep inflation stable, which doesn’t look plausible at this point. But we don’t know how hard it will be to squeeze out those last two points of inflation. I’d say that data over the next few months should give us a lot more clarity. But I’ve been saying that for many months, and the inflation numbers still keep offering support to both optimists and pessimists.

But suppose, for the sake of argument, that we take the optimistic view that we don’t need a big rise in unemployment to tame inflation. Unfortunately, that’s no guarantee that we won’t have surging unemployment anyway.

More at https://web.archive.org/web/20230519115003/https://www.nytimes.com/int
eractive/2023/05/18/opinion/jobs-inflation-economy.html


The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Friday, May 19, 2023 10:22 AM

6IXSTRINGJACK


GALLUP: Three in five Americans, 61%, say recent price increases have caused financial hardship for their household, marking a six-percentage-point increase from the last reading in November 2022 and the highest since 2021 when Gallup first tracked this measure.

A relatively steady 15% of U.S. adults say the hardship created by inflation is “severe” and affects their ability to maintain their current standard of living, while 46% say it is “moderate” but does not jeopardize their standard of living.

https://news.gallup.com/poll/505928/say-inflation-causing-financial-ha
rdship.aspx


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Friday, May 19, 2023 11:53 AM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/folder/1uwh75oa407q8/Firefly


Quote:

Originally posted by 6IXSTRINGJACK:
GALLUP: Three in five Americans, 61%, say recent price increases have caused financial hardship for their household, marking a six-percentage-point increase from the last reading in November 2022 and the highest since 2021 when Gallup first tracked this measure.

A relatively steady 15% of U.S. adults say the hardship created by inflation is “severe” and affects their ability to maintain their current standard of living, while 46% say it is “moderate” but does not jeopardize their standard of living.

https://news.gallup.com/poll/505928/say-inflation-causing-financial-ha
rdship.aspx

If consumers are not suffering then sellers have not raised their prices high enough because the winning strategy in the sellers-versus-buyers game/contest/war is for the sellers to take all the buyers' money. Sellers are winning the contest. But if you think the government sets prices rather than sellers then it is not the sellers' fault that buyers suffer. Hint: sellers tell buyers it is the government's fault. For some reason, buyers believe sellers even when sellers are cheating buyers out of every penny they have.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Friday, May 19, 2023 12:29 PM

6IXSTRINGJACK


Quote:

Originally posted by second:
Quote:

Originally posted by 6IXSTRINGJACK:
GALLUP: Three in five Americans, 61%, say recent price increases have caused financial hardship for their household, marking a six-percentage-point increase from the last reading in November 2022 and the highest since 2021 when Gallup first tracked this measure.

A relatively steady 15% of U.S. adults say the hardship created by inflation is “severe” and affects their ability to maintain their current standard of living, while 46% say it is “moderate” but does not jeopardize their standard of living.

https://news.gallup.com/poll/505928/say-inflation-causing-financial-ha
rdship.aspx

If consumers are not suffering then sellers have not raised their prices high enough because the winning strategy in the sellers-versus-buyers game/contest/war is for the sellers to take all the buyers' money. Sellers are winning the contest. But if you think the government sets prices rather than sellers then it is not the sellers' fault that buyers suffer. Hint: sellers tell buyers it is the government's fault. For some reason, buyers believe sellers even when sellers are cheating buyers out of every penny they have.



Oh. Okay.

They just didn't figure any of this out until after Trump was cheated in the 2020 election through en masse mail-in-fraud ballots.

Got it.

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Growing up in a Republic was nice... Shame we couldn't keep it.

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Friday, May 19, 2023 12:33 PM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/folder/1uwh75oa407q8/Firefly


Quote:

Originally posted by 6IXSTRINGJACK:

Oh. Okay.

They just didn't figure any of this out until after Trump was cheated in the 2020 election through en masse mail-in-fraud ballots.

Got it.

The government can do one thing: either enrich or impoverish the buyers. The sellers will adjust their prices to their best advantage, either raising prices faster when buyers have more money or raising prices slower when buyers have less money because the economy crashed. See 2008 for how the government can crash the economy by allowing the rich to behave however they please.

A guide to the financial crisis — 10 years later By Renae Merle, September 10, 2018
https://web.archive.org/web/20230430102223/https://www.washingtonpost.
com/business/economy/a-guide-to-the-financial-crisis--10-years-later/2018/09/10/114b76ba-af10-11e8-a20b-5f4f84429666_story.html


But inflation did decrease for a little while after 2008. So, there is that "benefit" to crashing the economy.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Friday, May 19, 2023 12:36 PM

6IXSTRINGJACK


Quote:

Originally posted by second:
Quote:

Originally posted by 6IXSTRINGJACK:

Oh. Okay.

They just didn't figure any of this out until after Trump was cheated in the 2020 election through en masse mail-in-fraud ballots.

Got it.

The government can do one thing: either enrich or impoverish the buyers. The sellers will adjust their prices to their best advantage, either raising prices faster when buyers have more money or raising prices slower when buyers have less money because the economy crashed. See 2008 for how the government can crash the economy by allowing the rich to behave however they please.

A guide to the financial crisis — 10 years later By Renae Merle, September 10, 2018
https://web.archive.org/web/20230430102223/https://www.washingtonpost.
com/business/economy/a-guide-to-the-financial-crisis--10-years-later/2018/09/10/114b76ba-af10-11e8-a20b-5f4f84429666_story.html


But inflation did decrease for a little while after 2008. So, there is that "benefit" to crashing the economy.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly



This only happens when those poor Democrats are in power.

Damn you big corporations!!!!

Get fucked, moron. Your party caused all of this.

--------------------------------------------------

Growing up in a Republic was nice... Shame we couldn't keep it.

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Friday, May 19, 2023 12:42 PM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/folder/1uwh75oa407q8/Firefly


Quote:

Originally posted by 6IXSTRINGJACK:

This only happens when those poor Democrats are in power.

Damn you big corporations!!!!

Get fucked, moron. Your party caused all of this.

You know, 6ix, inflation would have stayed very low for a very long time if the government had not rescued the economy with bailouts in 2009. For example, Republicans wanted General Motors to remain bankrupt, but the Democrats bailed it out to spite the Republicans, saving a half million jobs. The Republicans raged against the unfairness of a bailout. But if all those GM employees, suppliers, and owners of GM vehicles had been left to struggle, it would have kept inflation very low for a long time because sellers can't raise prices when buyers have no money.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Friday, May 19, 2023 12:45 PM

6IXSTRINGJACK


Quote:

Originally posted by second:
Quote:

Originally posted by 6IXSTRINGJACK:

This only happens when those poor Democrats are in power.

Damn you big corporations!!!!

Get fucked, moron. Your party caused all of this.

You know, 6ix, inflation would have stayed very low for a very long time if the government had not rescued the economy with bailouts in 2009. For example, Republicans wanted General Motors to remain bankrupt, but the Democrats bailed it out to spite the Republicans, saving a half million jobs. The Republicans raged against the unfairness of a bailout. But if all those GM employees, suppliers, and owners of GM vehicles had been left to struggle, it would have kept inflation very low for a long time because sellers can't raise prices when buyers have no money.



Do you even know what you're arguing anymore you fuckin' goof ball?

Trying to talk with you is like attempting a serious conversation with a 3 year old.

--------------------------------------------------

Growing up in a Republic was nice... Shame we couldn't keep it.

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Friday, May 19, 2023 12:52 PM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/folder/1uwh75oa407q8/Firefly


By the way, 6ix, the Republicans plan on crashing the economy in 2023 by not raising the Debt Ceiling. If Democrats don't stop the Republicans, that crash will reduce inflation to zero.

Will not raising debt ceiling crash the economy?
https://www.google.com/search?q=will+not+raising+debt+ceiling+crash+th
e+economy


There is broad consensus amongst economists that such an event would generate an entirely-avoidable economic catastrophe. But it would also reduce inflation to zero!

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Friday, May 19, 2023 12:59 PM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/folder/1uwh75oa407q8/Firefly


Quote:

Originally posted by 6IXSTRINGJACK:

Do you even know what you're arguing anymore you fuckin' goof ball?

Trying to talk with you is like attempting a serious conversation with a 3 year old.

Generally, 6ix, with your smoking causing cancer or your crazy eating habits giving you diabetes or your drunkenness causing your unemployment, people like you don't understand anything until it knocks them down and kicks them in the ribs.

6ix, you get really angry when told you cannot drink whatever alcohol you want, cannot eat whatever food you want, and cannot smoke whatever you want. Suddenly, you get really stupid and obnoxious, 6ix. Angrily not understanding that there are fatal limitations is why your life is a burning dumpster fire, 6ix.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Friday, May 19, 2023 3:47 PM

6IXSTRINGJACK


Maybe I should send that PI to your address and find out all the fucked up things you've done to your own body and to everyone else around you, so we can stop pretending that you've lived this perfect life you've made for your fake persona here.



--------------------------------------------------

Growing up in a Republic was nice... Shame we couldn't keep it.

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Friday, May 19, 2023 7:21 PM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/folder/1uwh75oa407q8/Firefly


Quote:

Originally posted by 6IXSTRINGJACK:
Maybe I should send that PI to your address and find out all the fucked up things you've done to your own body and to everyone else around you, so we can stop pretending that you've lived this perfect life you've made for your fake persona here.

This is a test of how crazy and, simultaneously, physically unhealthy 6ixStringJack is:

6ix, what is your learned reaction to "Death, Napoleon and Debt"?

Death, Napoleon and Debt
May 19, 2023, 3:00 p.m. ET

By Paul Krugman, Opinion Columnist

Whenever I write about debt and deficits, I receive the same letter — OK, not exactly the same letter, but a number of letters with more or less the same gist. They read something like this: “If I borrow money from the bank, the bank expects me to pay the money back. Why isn’t the same true for the government? Why can we keep borrowing when we already owe $31 trillion?”

Just about every economist will reply that it’s misleading to make an analogy between household and government finances. But it seems to me that we often aren’t clear enough about why, perhaps because we don’t say it bluntly enough. So here’s the difference: You are going to get old and eventually die. The government isn’t.

I don’t mean that governments are immortal. Nothing is, and no doubt someday America will, as Rudyard Kipling put it, be “one with Nineveh and Tyre.” But individuals face a more or less predictable life cycle in which their earnings will eventually dwindle:

And lenders therefore demand that individual borrowers pay off their debts while they still have the income to do so.

Governments, on the other hand, normally see their revenues rise, generation after generation, as the economies they regulate and tax grow:

Governments, then, must service their debts — pay interest and repay principal when bonds come due — but they don’t necessarily have to pay them off; they can issue new bonds to pay principal on old bonds, and even borrow to pay interest as long as overall debt doesn’t rise too much faster than revenue.

In fact, when governments for one reason or another run up large debts, it is, as far as I can tell, unusual to pay those debts off.

The most famous example, albeit one that many people apparently don’t know about, is the debt America incurred to fight World War II. By the war’s end, this debt was around 100 percent of gross domestic product — roughly comparable to the debt level today. So how did we pay off that debt?

We didn’t. John F. Kennedy entered the White House with federal debt roughly the same as it was on V-J Day:

Why, then, wasn’t the 1960 election dominated by questions of how to pay off the national debt? Because while the dollar value of debt hadn’t gone down, economic growth and modest inflation meant that the ratio of debt to G.D.P. had fallen by half:

This kind of thing could in some cases happen for an individual family: If people buy a house when they’re young, then make substantial income gains, their mortgage payments may dwindle as a percentage of their income even before the mortgage is paid off. But it’s normal for governments, which can expect to see their tax receipts grow year after year with no end in sight.

Revisiting the story of America’s failure to repay World War II debt, I found myself wondering whether governments borrowing large sums that they never repay could be thought of as a newfangled, dubious innovation — hey, this is the 1950s we’re talking about, but there are people out there who are still predicting doom from F.D.R.’s decision to take us off the gold standard in 1933.

Well, governments have often borrowed to fight wars, sometimes on an impressive scale. By the end of the Napoleonic Wars, the British government’s debt, according to Bank of England estimates, was 184 percent of G.D.P. — far above America’s debt at the end of World War II. Most of that debt, by the way, consisted of consols — perpetual bonds that pay interest forever but never require repayment of principal. Still, even those can be retired. So how did Britain pay off its Napoleonic debt? It didn’t.

Reviewing the whole history of British debt over the centuries would obscure what happened (modern numbers are so large that historical movements become invisible), so let’s zoom out just a little and focus on the period between 1776, when Britain began an expensive colonial war you may have heard about, and 1851, the date of the Crystal Palace exposition celebrating industrial and technological progress:

Sure enough, British public debt when Prince Albert opened the Crystal Palace was basically unchanged from its level when the Duke of Wellington won the Battle of Waterloo 36 years earlier. The idea that we should expect governments to pay off their debt isn’t just ill-informed, it’s also centuries out of date.

In fact, Britain’s willingness to let its Napoleonic debt just sit there is in a way even more remarkable than America’s later willingness to live with its World War II debt. After all, 19th-century Britain didn’t experience sustained inflation, and while it was experiencing economic growth at a rate never before seen in history — hence the Crystal Palace — that growth was still fairly slow by later standards. As a result, debt relative to national income was still quite high in 1851: 130 percent of G.D.P.

Yet as far as I know, panicky moralizing about the debt didn’t dominate British politics, which seemed to adopt the attitude satirized in “1066 and All That”: “The National Debt is a very Good Thing and it would be dangerous to pay it off, for fear of Political Economy.” Instead, the public was preoccupied with issues like the Great Stink of 1858.

In much more recent history, when governments were mistakenly pursuing fiscal austerity in the face of high unemployment, I used to accuse deficit scolds of being obsessed with Victorian virtues. I was, I now realize, being unfair to the Victorians.

So for all those whose instinct is to assume that a responsible government would, like a responsible individual, pay off its debts as soon as it can, again: Governments aren’t like people. If death and taxes are the only sure things in life, well, death isn’t an issue for governments, and taxes are an asset — a growing asset — rather than a liability.

https://web.archive.org/web/20230519222523/https://www.nytimes.com/202
3/05/19/opinion/government-debt-pay-off.html


The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly

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