Once again, Trump is being handed a good and growing economy on a silver platter
- Thread starter Cypress
- Start date
T. A. Gardner
Thread Killer
Yea, great economy...
Bankruptcies up 16.2% this year, and business filings are up 40.1%
www.uscourts.gov
Corporate layoffs are at a high
intellizence.com
techcrunch.com
www.foxbusiness.com
Inflation might be down, but it's still higher than pre-Biden and higher than the Fed etc., would like
apnews.com
Unemployment is low only because people have given up looking for a job
www.forbes.com
www.cnet.com
www.uschamber.com
So, the Biden administration can turd polish all they want, but the economy sucks. That's the reality of things.
Bankruptcies up 16.2% this year, and business filings are up 40.1%
Bankruptcy Filings Rise 16.2 Percent
Personal and business bankruptcy filings rose 16.2 percent in the twelve-month period ending June 30, 2024, compared with the previous year.
Corporate layoffs are at a high
Largest Layoffs, Downsizing, and Hiring Freeze Data - 2024
Intellizence Layoff Dataset - Get data on the latest layoffs, job cuts, downsizing, hiring freezes, and furloughs announced by top companies in 2024.
intellizence.com
A comprehensive list of 2024 tech layoffs | TechCrunch
A complete list of all the known layoffs in tech, from Big Tech to startups, broken down by month throughout 2024.
techcrunch.com
Layoffs skyrocketing in 2024: Here are the companies axing jobs
Layoffs surged in 2023, and so far, it appears that trend is not slowing down. In the first month of the new year, companies across multiple industries announced cuts.
www.foxbusiness.com
Inflation might be down, but it's still higher than pre-Biden and higher than the Fed etc., would like
Inflation is still too high for the Fed. Here's how the rest of the economy doing
The annual inflation rate didn't change much in May. Here's how that could impact the Fed's interest rate decision later today.
www.usatoday.com
US inflation slows but remains elevated in sign that price pressures are easing only gradually
Consumer inflation in the United States cooled last month yet remained elevated in the latest sign that the pandemic-fueled price surge is only gradually and fitfully coming under control.
apnews.com
Unemployment is low only because people have given up looking for a job
Unemployment Is Low, But So Is The Labor Force Participation Rate — What’s Going On In The U.S. Labor Market?
While unemployment is low, some fear that this is primarily driven by low labor force participation that’s creating a rosier picture than it should.
www.forbes.com
Unemployment Statistics Are Misleading. Economic Hardship Is Much Worse
Analysis: Headlines still say the job market is strong, but it's not true.
www.cnet.com
The Pandemic Unemployed Survey: Why Americans are Staying Out of the Workforce
About half of Americans who lost their job during the pandemic and are still not working say they are not willing to take jobs that do not offer the opportunity for remote work.
So, the Biden administration can turd polish all they want, but the economy sucks. That's the reality of things.
Into the Night
Verified User
I can obtain both gold and silver anytime I want to, Wally. The current price of gold is $2600/oz in fiat dollars...up from $20/oz when FDR stole the gold and implemented fiat currency.
Today, the dollar has NO backing of any commodity of any kind.
Iran is on a gold standard right now. China and Russia are moving to a gold standard. The United States was on a gold standard until 1933.
Not a bit of it, Wally. A gold and silver standard can easily make use of all the loan markets, savings, telecommunications, etc. There is no such thing as a 'modern' economy. Economies have no time scale. Capitalism is capitalism, regardless of any moment in history.
Oddly enough, Wally, it's ALREADY HAPPENING.
People are already searching around for another currency. They see the writing on the wall concerning the fiat dollar. Some are buying gold and silver, preparing to use THAT for currency (and probably something like copper as well).
Into the Night
Verified User
Not really. Capitalism can use anything for money. Due to the falling value of the fiat dollar, however, a lot of that work simply results in no useful profit. In other words, you wind up working more and more for free.
You are parasites. That's the nature of the socialism you believe in.
Look at the devastation of the SDTC, currently a dictatorship run by leftists:
* Almost all new jobs are in government, NOT private industry! It's welfare.
* People are fleeing the SDTC so fast you can't get enough rental trucks. Rental companies are PAYING people to deadhead trucks back to the SDTC for the next batch of people moving out.
* High taxes and burdensome regulations have turned the SDTC into a wasteland, filled with abandoned ranches and farms. It's a sad sight to see. I don't like entering the SDTC for that reason.
* Crime is rampant in the cities. People openly loot and pillage, homeless shit on the sidewalks and many are like a scene out a zombie movie, tripped up on Trank. They just stand there, drooling.
* Hollywood is becoming less and less relevant as the days go by.
* The SDTC is now incapable of generating their own power. They import almost all of it on two heavily overloaded lines.
* The SDTC has insufficient water supplies, due to the systematic destruction of dams and reservoirs.
Since Biden and Kamala were installed (they weren't elected), the value of the fiat dollar has fallen considerably (about 35%). People are finding it increasingly difficult to even pay for groceries or a meal at McDonalds. Wages have NOT yet caught up with the falling dollar.
* Importing millions of illegal aliens (an act of treason) and putting them on welfare has resulted in violent Venezuelan gangs, increased drugs, and a marked increase in violent criminals.
* Interference in the appliance market, the car market, the energy market, the plumbing market, etc. This is fascism, and in some cases, communism.
* Businesses DESTROYED. They aren't coming back. Those people are thrown out of work. The only significant hiring has been in government.
* Businesses interfered with by Woke requirements. This is again, fascism, and results in businesses losing support of their customers.
* Sexual perversions shoved in people's faces as "normal".
* The encouragement of the abortion of children, mutilation of children, and indoctrinating children (instead of educating them). Democrats HATE children!
* The interference with women's sports, women to abort their own offspring and suffer the consequences of that, and racism. Democrats HATE women!
Democrats lost for a reason!
Into the Night
Verified User
Government jobs are a form of welfare, Wally.
Do you know how much growth there has been in the last 90 years? It has not been "short term" growth.
AProudLefty
Black Kitty Ain't Happy
No. Change the definition to Trump. Everyone will know what it means.Yes, they bloviated many lies and then, after calling Trump Hitler, a existential threat to Democracy and a petty tyrant, welcome him back into the White House.
They should change the definition of MORON in the dictionary to simply: Democrat. Everyone will know what it means.
Litmus
Verified User
growth measured in fiat dollars on inflated assets?
there's more to life than growth, just ask cancer.
Inflation in Iran is currently 31.7%. Last year, it was 40.7%. Either Night is wrong about Iran being on the gold standard, or the gold standard is failing badly. Either way, he has found no country on Earth following his suggested course, and it working.
Yes, we mentioned that. 90 years ago, when we were poorer than Mexicans are today, we were on the gold standard. Now come up with someone living a modern lifestyle and money on the gold standard.
No, growth in inflation adjusted dollars. Seriously, how have you missed the growth of the last 90 years?
Litmus
Verified User
Into the Night
Verified User
Money is not capitalism, Wally. Expansion of government isn't economic 'growth' either.
Into the Night
Verified User
LIF. Grow up.
Into the Night
Verified User
Nope. An ounce of gold is still worth an ounce of gold. Iran does not use fiat currency.
You are just making up random numbers again, Wally.
Who is 'we'? This sounds like the Marxist 'we' again.
The United States is not poorer than Mexico and never was.
And it worked beautifully. No central bank. No ability to for the government to manipulate money. Credit systems and loans self regulated. It became the most respected currency in the world.
RQAA
Into the Night
Verified User
You just entered another paradox, Wally. You cannot argue both sides of a paradox. It's irrational.
Money isn't capitalism, Wally. Your claimed 'growth' is mostly inflation. Empty value.
And yet Rial (the currency of Iran) is a fiat currency.
When I asked you for somewhere in the modern world where you scheme is working, you came back with Iran. That is not the success story I would pick.
IBDaMann
Well-known member
Nope. The people within the economy characterize the economy, and ultimately determine if it is acceptable or if it needs improving.
Litmus
Verified User
Litmus
Verified User
all fiat currencies in history have failed.
you people extract real assets with fake money, keep the assets and destroy the currency.
that's whats bankers do.
you're runaway insane kleptocratic fascists, rushing us towards ww!!! because you're insane.
Biden did not do shit....what is left of him has been cosplaying at President.
As U Should Know.