SadKangaroo wrote on Feb 2^nd, 2021 at 6:12am:


no need to lie.

you wont find me praising trump for further inflating the bubble.
i have always been critical of this.
you wont find me criticising biden when the dow collapses.
it needs to.
i am merely warning that this is the inevitable consequence of politicians taking the easy route and printing money so people can buy "stuff'

thats non sustainable

as for karnals assertion that the federal reserve is separate from politics.

it SHOULD be.

but it hasnt been since nixon abandoned the gold standard.


and since greenspan started printing money, successive administrations have demanded the chair of the reserve continue to print money becaue thats just more palateable.

imagine trump or biden want to get the cash to pay for some program (covid, the military, green energy).

what they should do is establsih the cost, go to the taxpayer and say are you willing to pay more tax for this , and if the answer is no, then the program does not go ahead.

but instead, they just go to the fed and get the cash printed and then the population are sweet with it because they arent paying more taxes.

but think about it.

with 40 % of the $dollar bills now in circulation printed out of thin air in the last 2 years, that devalues the savings, superannuation, assets of every american who has saved by a substantial ammount.

it isnt flowing thru into inflation YET, because most of that money is sent overseas as the USA doesnt make anything.


but it must flow thru to inflation eventually.

you cant print money indefinitely.

and the longer you do, the bigger the hole you create.

a father of a house who is using a dozen credit cards to keep paying off the previous cards, can trick his family that they are prosperous but he is just digging a bigger hole.
and when some bank refuses him the 13th card to pay off the previous 12, he is rooted.

this will be the trigger.
when foreign countries refuse to buy the worthless treasury paper.

and the drop could be way way worse then 20 %.

but it will be at least that this year.

if biden is smart, he will try to deflate the bubble slowly by reducing borrowing and spending.how he will pull that off in a covid crisis is beyond me and certainly beyond him 

I thought it was just the sniffles.

rhino wrote on Feb 2^nd, 2021 at 1:06pm:



it is,

but the economy is in a coma.


and i hate to break it to you, but you dont have much of a public health system without a decent economy 

aquascoot wrote on Feb 2^nd, 2021 at 1:09pm:
Current stats stand at around 2.4 million dead from Covid19. Not really up with any facts are you? But thats also only the deaths which are recorded, the true worldwide death toll is likely ten times that amount, most deaths in 3rd world countries are not making it into statistics. And no, it is not killing only old people, the latest mutation appears to be knocking off younger people as well.

[/quote]

aquascoot wrote on Feb 2^nd, 2021 at 12:47pm:



Well, when was the last time a Democrat worked to reduce borrowing and spending?

Biden is the Enervator-in Chief. He'll give America Alzheimer's and.... er.... that's it.

aquascoot wrote on Feb 2^nd, 2021 at 1:11pm:


Unless you're Cuban.

We will make America great again, no?

aquascoot wrote on Feb 2^nd, 2021 at 1:47pm:


Obama added 9. Dear Leader added 20. Bidden hasn't added any.

Year 9 maths, is it?

I blame the teachers. They're refusing to go back to their classrooms, no?

rhino wrote on Feb 2^nd, 2021 at 1:20pm:


And not including that the true death toll in China could be in the millions, which would account for the some of the 5 million mobile phone account t decrease and terminations in 2020.