Brandonomics, the gift that keep's on giving

People are still doing the Brandon thing?

Anyhoo, economists and most who were skeptical of the economy can't believe how hot it is right now. The stock market is breaking records, employment is crazy good, and wages are up.

Determined righties are left w/ cherrypicking the few stats that might support their original dire predictions when good ol' "Brandon" took over. Tough assignment these days, but I admire their commitment.
 
Nordberg said:
The rich did great when Trump was in power. He gave huge tax breaks to the wealthy and corporations. Every Repub regime does that. The wealth gap accelerated like never before and the debt went up more in 4 years than ever in 8. Trump cranked the debt up 8 trillion. You cannot wait for more of the same. The only chance the poor and middle class have is getting a Dem in power. The Repubs are a subsidiary of the wealthy and corporations.
Some low info rightys on this board said Trump gave them a tax break too. It was small. The rich made out bigly. I am sure even they can see which part of the tax cut sunsets now and which one is permanent. You guys are suckers.
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The rich did great - and a ton of other people didn't.

Trump was the worst jobs President in modern American history. Biden inherited an economy that was in shambles.
 
BartenderElite said:
People are still doing the Brandon thing?

Anyhoo, economists and most who were skeptical of the economy can't believe how hot it is right now. The stock market is breaking records, employment is crazy good, and wages are up.

Determined righties are left w/ cherrypicking the few stats that might support their original dire predictions when good ol' "Brandon" took over. Tough assignment these days, but I admire their commitment.
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massive money printing increases inflation and bifurcates society even farther and faster between the haves and have nots.

you're stupid, or rich.

which is it?
 
Blazed Pascal said:
massive money printing increases inflation and bifurcates society even farther and faster between the haves and have nots.

you're stupid, or rich.

which is it?
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I laugh everytime one of these moonbat lefties types how well things are going.
 
Blazed Pascal said:
massive money printing increases inflation and bifurcates society even farther and faster between the haves and have nots.

you're stupid, or rich.

which is it?
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And you have never correctly predicted where any economy has gone


Your the loser team idiot


Voters are beginning to notice


Why do they want a team that crashes economies and lies us to war while cheating in elections?
 
Lionfish said:
I laugh everytime one of these moonbat lefties types how well things are going.
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So, the stock market isn't breaking records? Wages aren't increasing? We haven't added 14+ million jobs since the worst jobs President in modern American history left office?

If Trump had this economy, he'd be crowing about it 24x7. It would be the best economy EVAH.
 
evince said:
And you have never correctly predicted where any economy has gone


Your the loser team idiot


Voters are beginning to notice


Why do they want a team that crashes economies and lies us to war while cheating in elections?
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every fiat currency in history has resulted in the ultimate demise of the issuing entity.

:truestory:
 
Austrian economics doesn’t like math for a reason


The math all the other schools of economics use have been proven to be correct


That math proves the Austrian school is an utterly FAILED economic school
 
Lionfish said:
Err, this is about credit card debt. I don't think you can put your 8% mortgage on a credit card.
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Lionfish said:
ECONOMY
Credit card delinquencies surged in 2023, indicating ‘financial stress,’ New York Fed says

KEY POINTS
Credit card delinquencies surged more than 50% in 2023 as total consumer debt swelled to $17.5 trillion, the New York Fed reported Tuesday.
Total debt rose by $212 billion in the quarter, a 1.2% increase quarterly and about 3.6% from a year ago.
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The consumer debt is 82% a result of mortgages.
 
evince said:
Link
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https://ginifoundation.org/kb/fiat-currency-graveyard-a-history-of-monetary-folly/

Fiat Currency Graveyard: A History of Monetary Folly
You are here:
Search HomeGini Monetary PolicyFiat Currency Graveyard: A History of Monetary Folly
Living in Denial About the Economy. I still see many Americans living in denial about the fate of the USD. Even when they know that past performance is not a guarantee of future performance, they still say things like "Yes, the 2008 bailouts were bad, but our economy has stabilized and we'll be OK." No, the economy will not be OK, and the chart below illustrates why.

U.S.-money-supply--ginifoundation.org

Money Printing Is Wealth Theft. As the chart below illustrates, the money printing in the U.S. since 1900 has destroyed 98% of the USD's value. But what happens to the value of the USD when the money supply shoots up like a missile as has occurred since 2008? It loses even more value and will eventually and inevitably collapse, along with the value of every asset that is denominated in USD. This has happened many times in recent and not-so-recent history; and when it happens, the currency is usually killed and buried in the fiat currency graveyard.



The Fiat Currency Graveyard


RIP Fiat-ginifoundation.org

The Average Lifespan of a Fiat Currency is About 35 Years. The following list of currencies is a small sample of all the fiat currencies throughout the past 1,000 years that have collapsed due to corrupt and/or incompetent monetary policymaking. Hyperinflation is one of the most common precursors to a fiat currency's collapse. Keep in mind that most of these currencies below collapsed within the lifetime of most Baby Boomers living today. So, hyperinflation and currency collapses are not exceptionally rare events. In fact, the average lifespan of a fiat currency is only about 35 years, which means these events happen much more frequently than many people realize.

Peru – 100,000 intis, 1989Peru-–-100000-intis

Russia – 10,000 rubles, 1992

Zaire – 5 million zaires, 1992


Hungary – 10 million pengo, 1945

Germany – 1 billion mark, 1923

Zimbabwe – 100 trillion dollars, 2006

Greece – 25,000 drachmas, 1943

Central Bank of China – 10,000 CGU, 1947

Venezuela – 10,000 bolívares, 2002

Yugoslavia – 10 billion dinar, 1993

Bolivia – 5 million pesos bolivianos, 1985

Angola – 500,000 kwanzas reajustados, 1995

Ukraine – 10,000 karbovantsiv, 1995

France – 5 livres, 1793

Turkey – 5 million lira, 1997

Georgia – 1 million laris, 1994

Brazil – 500 cruzeiros reais, 1993

Argentina – 10,000 pesos argentinos, 1985

Nicaragua – 10 million córdobas, 1990

Belarus – 100,000 rubles, 1996

Chile – 10,000 pesos, 1975

Romania – 50,000 lei, 2001

Bosnia – 100 million dinar, 1993


Will Your Fiat Currency Be Next? Based on the historical average lifespan of fiat currencies and the data table in the Global Governance Scorecard, if your country's total Debt-to-GDP Ratio (private and public debt) approaches or exceeds 200%, then there's a high probability that your fiat currency will be buried in the fiat currency graveyard within your lifetime.
 
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