Jan 6 Commission is Coming

[PawsFan_]

You know what’s possible and should take place? Real factual answers for what happened on 1/6 holding those responsible accountable AND make sure that facts of Afghan withdrawal are presented AND continual factual coverage of the problems at our southern border. These are all real issues that should be covered by real journalists.

to your other points…

Budgets full of pork have been around since beginning of politics.
Inflation is actually slowing and looking more and more like it is, in fact transitory.
Allies lost faith in us not long after WW2 and we really haven’t done anything to help that since.
Any public health policy should adjust to changing conditions.
Cities overrun by crime? First I’ve heard of this one…
I agree….all elected officials should operate with transparency to their constituents. Buts sadly that doesn’t happen. Again, not a new problem.

We discussed your flawed view of MSNBC earlier today at length. I take from your emotional response here that you hopped right back on to watching more 24 hour news networks since? I remind you again why they exist and how they keep you watching. Just turn it off and you’ll be surprised how much better the world gets.

Sorry to disappoint you dude, but I really don't watch any news. Haven't for years. I'll read newspaper articles from time to time to get caught up with things. I was happily watching Scrubs yesterday in the office until our system which alerts us when media reports on incident via news or social media alerted us to the incident. I'm able to get most of my facts from sources not available to most. It's easy for me to compare the truth, to what's being said. In several threads here, I have contradicted Fox's narrative. I'm not cool with their sensationalism either. That said, the Fox DoD correspondent, was on point with her briefs yesterday.

That said, you rebuttal of the current events happening in this country is as weak as a Biden press conference.
- Yep there's always been pork. But 3 Trillion? Nope
- Sorry dude, inflation has increased for like 7 straight months. The price of oil is up $12 a barrel over the last 7 days. https://www.wsj.com/articles/higher...pondents on average now,year in 2022 and 2023.

- Allies lost faith in us not long after WW2? That's perhaps one of the stupidest statements I've heard here. As a guy who works with Brits daily, has worked NATO, has worked with 13 nations supporting OIR, teamed with the French to coordinate their Navy in the Middle East, and has worked with the GCC nations that statement has zero merit. I assure you, they all look for American leadership.
- Any public health policy should adjust to changing condition? Okay. I'll buy as we learn more we should adapt. Problem is as we learn more, we are making decisions counter to what we are learning. And we are learning that what we were don't a year ago, just ain't true.
- Pick up a newspaper if you want to learn more about crime. I can't help you if you don't read.
- If Trump refused to answer press questions, the media would shit itself. I guess Biden gets a pass. But as we so, once the teleprompter shuts down, he is a bumbling fool.

You may have rambled about your perceived view of my opinion on MSNBC. But my opinion is hardly flawed. MSNBC is hyper focused on by anti-Trump and supports a radical left view. To deny that is akin to denying the world is round. I'm simply pointing out how detached they are from world events and hiding the failures of the man they supported for President.

Keep trying. As they say, "A blind hog finds a nut everyone once in awhile." Maybe someday you'll make a point that's valid.

 

[CoffeeIsForClosers]

Sorry to disappoint you dude, but I really don't watch any news. Haven't for years. I'll read newspaper articles from time to time to get caught up with things. I was happily watching Scrubs yesterday in the office until our system which alerts us when media reports on incident via news or social media alerted us to the incident. I'm able to get most of my facts from sources not available to most. It's easy for me to compare the truth, to what's being said. In several threads here, I have contradicted Fox's narrative. I'm not cool with their sensationalism either. That said, the Fox DoD correspondent, was on point with her briefs yesterday.

That said, you rebuttal of the current events happening in this country is as weak as a Biden press conference.
- Yep there's always been pork. But 3 Trillion? Nope
- Sorry dude, inflation has increased for like 7 straight months. The price of oil is up $12 a barrel over the last 7 days. https://www.wsj.com/articles/higher-inflation-is-here-to-stay-for-years-economists-forecast-11626008400#:~:text=The respondents on average now,year in 2022 and 2023.

- Allies lost faith in us not long after WW2? That's perhaps one of the stupidest statements I've heard here. As a guy who works with Brits daily, has worked NATO, has worked with 13 nations supporting OIR, teamed with the French to coordinate their Navy in the Middle East, and has worked with the GCC nations that statement has zero merit. I assure you, they all look for American leadership.
- Any public health policy should adjust to changing condition? Okay. I'll buy as we learn more we should adapt. Problem is as we learn more, we are making decisions counter to what we are learning. And we are learning that what we were don't a year ago, just ain't true.
- Pick up a newspaper if you want to learn more about crime. I can't help you if you don't read.
- If Trump refused to answer press questions, the media would shit itself. I guess Biden gets a pass. But as we so, once the teleprompter shuts down, he is a bumbling fool.

You may have rambled about your perceived view of my opinion on MSNBC. But my opinion is hardly flawed. MSNBC is hyper focused on by anti-Trump and supports a radical left view. To deny that is akin to denying the world is round. I'm simply pointing out how detached they are from world events and hiding the failures of the man they supported for President.

Keep trying. As they say, "A blind hog finds a nut everyone once in awhile." Maybe someday you'll make a point that's valid.

Honestly surprised you aren't a news watcher. Never met anyone who had such emotional response to newspaper reporting.

Agreed - $3trillion of pork is unheard of.....but that number will only increase in the future. That's just how it has always worked and will continue to unless monumental change is made. Pork, I should point out, works both ways.....that's how it goes.

Inflation slowed drastically in July pointing to the transitory nature of this inflation spike (see below). The price of oil, while a part of our daily costs, does not equal inflation any more than the price of lumber does.

Month	CPI	Annualized Changed Month over Month
october	260.462​
november	260.927​	2.14%​
december	261.56​	2.91%​
january	262.231​	3.08%​
february	263.161​	4.26%​
march	264.793​	7.44%​
april	266.832​	9.24%​
may	268.551​	7.73%​
jun	270.981​	10.86%​
july	272.265​	5.69%​

Higher inflation is probably here to say, yes. But not at the rates the chicken littles are claiming. We have had close to zero inflation over the past decade. The FED tends to desire between 2.5% and 3.5% which is higher than what we have experienced, but a sign of a healthy economy.

The fact that NATO allies still look to us for leadership does not mean confidence in us didn't decline during Vietnam or our handling of Afghanistan or Iraq the past 20 years. We are still the economic leaders of the world, yes. But that's not what I meant when it came to American sentiment by our allies.

Glad you agree with me on matters of public health.

I read plenty. I'm also cognizant that the news doesn't report lack of crime. I'm also a data driven guy....and the data doesn't point to what you are saying. Quite the opposite in fact.

Trump did refuse to answer questions and often. He had plenty of press conferences where we immediately walked out after making a statement. Hell, it was also well documented that he refused to answer questions from critics and called on those news outlets that supported him. As I'm sure Obama did before him, as did Bush before him, and Clinton before him. This is not new.

I never told you MSNBC didn't have an agenda to the left. My point was that if you point at that you must recognize Fox's agenda to the right. Both are equally wrong in how they portray what they pass off as news.

All my points have been valid. Still waiting on you to prove one that wasn't. Have a great day!

 

[rliner82]

I find it funny that people still think Trump supporters orchestrated Jan 6th. Did Trump supporters go into the capital that day, yes, but to say they were responsible is laughable.

 

[PawsFan_]

Honestly surprised you aren't a news watcher. Never met anyone who had such emotional response to newspaper reporting.

Agreed - $3trillion of pork is unheard of.....but that number will only increase in the future. That's just how it has always worked and will continue to unless monumental change is made. Pork, I should point out, works both ways.....that's how it goes.

Inflation slowed drastically in July pointing to the transitory nature of this inflation spike (see below). The price of oil, while a part of our daily costs, does not equal inflation any more than the price of lumber does.

Month	CPI	Annualized Changed Month over Month
october	260.462​
november	260.927​	2.14%​
december	261.56​	2.91%​
january	262.231​	3.08%​
february	263.161​	4.26%​
march	264.793​	7.44%​
april	266.832​	9.24%​
may	268.551​	7.73%​
jun	270.981​	10.86%​
july	272.265​	5.69%​

Higher inflation is probably here to say, yes. But not at the rates the chicken littles are claiming. We have had close to zero inflation over the past decade. The FED tends to desire between 2.5% and 3.5% which is higher than what we have experienced, but a sign of a healthy economy.

The fact that NATO allies still look to us for leadership does not mean confidence in us didn't decline during Vietnam or our handling of Afghanistan or Iraq the past 20 years. We are still the economic leaders of the world, yes. But that's not what I meant when it came to American sentiment by our allies.

Glad you agree with me on matters of public health.

I read plenty. I'm also cognizant that the news doesn't report lack of crime. I'm also a data driven guy....and the data doesn't point to what you are saying. Quite the opposite in fact.

Trump did refuse to answer questions and often. He had plenty of press conferences where we immediately walked out after making a statement. Hell, it was also well documented that he refused to answer questions from critics and called on those news outlets that supported him. As I'm sure Obama did before him, as did Bush before him, and Clinton before him. This is not new.

I never told you MSNBC didn't have an agenda to the left. My point was that if you point at that you must recognize Fox's agenda to the right. Both are equally wrong in how they portray what they pass off as news.

All my points have been valid. Still waiting on you to prove one that wasn't. Have a great day!

Thanks for the research. You managed to validate several of my points.
- Pork works both ways...I agree. But additional entitlements rarely do.
"This budget resolution will allow us to pass the most significant legislation to expand support and help American families since the New Deal, since the New Deal. This is generational, transformational change to help American families." - Chuck Schumer Cliff Notes.....handouts to buy voters.
- Thanks for the data which shows inflation going up, up, up. Those aren't small numbers. It eats into all our wallets. And despite you explanation from the Fed that they think inflation will settle, the market thinks differently.
"BofA expects U.S. inflation to remain elevated for two to four years, against a rising perception of it being transitory, and said that only a financial market crash would prevent central banks from tightening policy in the next six months."

U.S. inflation likely to remain elevated for up to four years - BofA

BofA expects U.S. inflation to remain elevated for two to four years, against a rising perception of it being transitory, and said that only a financial market crash would prevent central banks from tightening policy in the next six months.

www.reuters.com

U.S. inflation is still running high - and it doesn't look like it will fade fast soon

Is the great inflation bubble of 2021 about to pop? A lot of very important people in Washington sure hope so, but it looks like they're about to be...

www.marketwatch.com

Wall Street Close: Inflation concerns fuel DJI, S&P 500 but nothing for Nasdaq

US shares mark a mixed daily performance on Wednesday, mostly higher, even as inflation data hints that the easy money is going nowhere, at least for

www.fxstreet.com

Oh, and the price of oil is very significant. Rising oil price increase the cost of just about EVERY consumer good. I agree it doesn't = inflation. But it does DECREASE consumers' buying power; just as inflation does.

- You fail to site one example of our allies decline in faith in us since WW2. I know its tough. They lost faith in us so much they rallied behind American leadership to fight Korea, side with our policies during the Cold War, rally behind our leadership to defeat Sadam in 1990 and again in 2003, 30 countries that support us in OIR. Yeah that sound like a total lack of faith.

- Great graph if we were talking about the last 40 years. But we aren't. We are talking about the last 6-12 months. Homicides are up 16% across the country.

Homicide rise continues in major US cities, report says | CNN

The number of homicides continues to rise in major American cities following a year that saw a record increase in homicides across the country, according to a report published Thursday by the Council on Criminal Justice.

www.cnn.com

Murders are up. Crime is not. What’s going on?

The US is in its most violent period in the 21st century. There are some things we know — and others we don’t.

www.vox.com

I've grown tired of educating you. The issues are real. If you don't believe so....well bless your heart.

 

[CoffeeIsForClosers]

Thanks for the research. You managed to validate several of my points.
- Pork works both ways...I agree. But additional entitlements rarely do.
"This budget resolution will allow us to pass the most significant legislation to expand support and help American families since the New Deal, since the New Deal. This is generational, transformational change to help American families." - Chuck Schumer Cliff Notes.....handouts to buy voters.
- Thanks for the data which shows inflation going up, up, up. Those aren't small numbers. It eats into all our wallets. And despite you explanation from the Fed that they think inflation will settle, the market thinks differently.
"BofA expects U.S. inflation to remain elevated for two to four years, against a rising perception of it being transitory, and said that only a financial market crash would prevent central banks from tightening policy in the next six months."

U.S. inflation likely to remain elevated for up to four years - BofA

BofA expects U.S. inflation to remain elevated for two to four years, against a rising perception of it being transitory, and said that only a financial market crash would prevent central banks from tightening policy in the next six months.

www.reuters.com

U.S. inflation is still running high - and it doesn't look like it will fade fast soon

Is the great inflation bubble of 2021 about to pop? A lot of very important people in Washington sure hope so, but it looks like they're about to be...

www.marketwatch.com

Wall Street Close: Inflation concerns fuel DJI, S&P 500 but nothing for Nasdaq

US shares mark a mixed daily performance on Wednesday, mostly higher, even as inflation data hints that the easy money is going nowhere, at least for

www.fxstreet.com

Oh, and the price of oil is very significant. Rising oil price increase the cost of just about EVERY consumer good. I agree it doesn't = inflation. But it does DECREASE consumers' buying power; just as inflation does.

- You fail to site one example of our allies decline in faith in us since WW2. I know its tough. They lost faith in us so much they rallied behind American leadership to fight Korea, side with our policies during the Cold War, rally behind our leadership to defeat Sadam in 1990 and again in 2003, 30 countries that support us in OIR. Yeah that sound like a total lack of faith.

- Great graph if we were talking about the last 40 years. But we aren't. We are talking about the last 6-12 months. Homicides are up 16% across the country.

Homicide rise continues in major US cities, report says | CNN

The number of homicides continues to rise in major American cities following a year that saw a record increase in homicides across the country, according to a report published Thursday by the Council on Criminal Justice.

www.cnn.com

Murders are up. Crime is not. What’s going on?

The US is in its most violent period in the 21st century. There are some things we know — and others we don’t.

www.vox.com

I've grown tired of educating you. The issues are real. If you don't believe so....well bless your heart.

You tend to have very narrow near sided views of all these subjects. And that's fine I guess. If you want the boogie man to keep you up at night, that's on you. I'll sleep just fine knowing you are completely overreacting.

Still waiting for you to site the reputable newspapers you claim you get your news from.

P.S. You should try actually reading those articles on inflation as they did nothing more than confirm my exact statements. Headlines can be misleading my friend. Pick the mic back up and try again....and again....and again

 

[DW4_2016]

I find it funny that people still think Trump supporters orchestrated Jan 6th. Did Trump supporters go into the capital that day, yes, but to say they were responsible is laughable.

I just happened to be in your house, I didn’t break in. That was someone else

 

[SconnyTiger25]

You know....Trump would have never been President, if so many morons didn't think Hillary would be a good candidate for President.

Nice to know that 9/11 doesn't rank as the worst event you've seen in your lifetime. I'm guessing MSNBC didn't broadcast it either because they were blaming W for all America's whoa's.

For me it was watching the Challenger explode on live TV, after the build up of that teacher, was devastated...

 

[rliner82]

I just happened to be in your house, I didn’t break in. That was someone else

I get what you are saying. There are idiots within every political demographic. It just seems as people forgot the images of all the antifa members who were leading the charge. It’s crazy how a google search of this will show all the fact checking articles. Google posts what google wants.

 

[DW4_2016]

I get what you are saying. There are idiots within every political demographic. It just seems as people forgot the images of all the antifa members who were leading the charge. It’s crazy how a google search of this will show all the fact checking articles. Google posts what google wants.

Antifa leading the charge? Are you serious? Ashli Babbitt = ANTIFA.

 

[rliner82]

Antifa leading the charge? Are you serious? Ashli Babbitt = ANTIFA.

Open your eyes man. Antifa was a tool to get rid of trump. Where have they been the last 7-8 months?

 

[dual_tiger]

You tend to have very narrow near sided views of all these subjects. And that's fine I guess. If you want the boogie man to keep you up at night, that's on you. I'll sleep just fine knowing you are completely overreacting.

Still waiting for you to site the reputable newspapers you claim you get your news from.

P.S. You should try actually reading those articles on inflation as they did nothing more than confirm my exact statements. Headlines can be misleading my friend. Pick the mic back up and try again....and again....and again

This is a funny statement coming from you considering your post is about your boogeyman “Trump” who isn’t even in office anymore. It really is a pathetic deflection attempt. Don’t look behind the curtain guys inflation isn’t really happening. Or maybe it is but it’s not as bad as it seems. Americans stranded in Afghanistan? Well maybe they didn’t want to come home. They would rather be beaten by the Taliban. Coronavirus? Let’s continue to do the things this year that didn’t work last year….You just can’t make this shit up. All of this going on and you want to talk about a president that isn’t even in office anymore. I wonder why?

 

[CoffeeIsForClosers]

This is a funny statement coming from you considering your post is about your boogeyman “Trump” who isn’t even in office anymore. It really is a pathetic deflection attempt. Don’t look behind the curtain guys inflation isn’t really happening. Or maybe it is but it’s not as bad as it seems. Americans stranded in Afghanistan? Well maybe they didn’t want to come home. They would rather be beaten by the Taliban. Coronavirus? Let’s continue to do the things this year that didn’t work last year….You just can’t make this shit up. All of this going on and you want to talk about a president that isn’t even in office anymore. I wonder why?

The only time I mentioned Trump was to show that both sides do it. I never lost a minute of sleep over that man either. Wasn't meant as deflection....simply to show that one side isn't innocent while the other guilty. Sorry if I struck a nerve. Doesn't mean I'm wrong.

 

[dual_tiger]

The only time I mentioned Trump was to show that both sides do it. I never lost a minute of sleep over that man either. Wasn't meant as deflection....simply to show that one side isn't innocent while the other guilty. Sorry if I struck a nerve. Doesn't mean I'm wrong.

Really? The timing of this post was just a coincidence then? Ok man sure. Both parties have faults but your post wasn’t directed at both parties was it? Like I said you profess others of being afraid of boogeymen yet here you are talking about a president that isn’t even in office anymore. Clearly Trump triggered you or you would have moved on the minute Joe took office.

 

[CoffeeIsForClosers]

Really? The timing of this post was just a coincidence then? Ok man sure. Both parties have faults but your post wasn’t directed at both parties was it? Like I said you profess others of being afraid of boogeymen yet here you are talking about a president that isn’t even in office anymore. Clearly Trump triggered you or you would have moved on the minute Joe took office.

The timing was in response to a post. I used Trump as an example but could have easily used every President dating back as far as you’d like. Do I think Trump was a good president? Absolutely not. Do I think Biden is doing a stellar job. Equally a no.

 

[TigerGrowls]

The timing was in response to a post. I used Trump as an example but could have easily used every President dating back as far as you’d like. Do I think Trump was a good president? Absolutely not. Do I think Biden is doing a stellar job. Equally a no.

Trump was a great potus. Wash your filthy mouth.

 

[CoffeeIsForClosers]

Trump was a great potus. Wash your filthy mouth.

Nope

 

[other1]

Trump was a great potus. Wash your filthy mouth.

Trump lost because he is a jerk who couldn't keep his mouth shut and just do his job. Insulting everyone who wasn't a yes person isn't the way to endear people.

 

[TigerGrowls]

Trump lost because he is a jerk who couldn't keep his mouth shut and just do his job. Insulting everyone who wasn't a yes person isn't the way to endear people.

Poor triggered libs. Regardless of the mean tweets Trump did a great job as potus and that fact is being magnified more by the day as we see the sorry comparison currently occupying the Whitehouse. BTW.....Trump won.

 

[DW4_2016]

Poor triggered libs. Regardless of the mean tweets Trump did a great job as potus and that fact is being magnified more by the day as we see the sorry comparison currently occupying the Whitehouse. BTW.....Trump won.

Did he finally get to 81 million?

Biden did

 

[TigerGrowls]

Did he finally get to 81 million?

Biden did

Keep on talking. The tears are going to be delicious when the truth comes out.

 

[other1]

Poor triggered libs. Regardless of the mean tweets Trump did a great job as potus and that fact is being magnified more by the day as we see the sorry comparison currently occupying the Whitehouse. BTW.....Trump won.

Not everyone who thinks Trump is a jerk is a lib.

 

[TigerGrowls]

Not everyone who thinks Trump is a jerk is a lib.

True...I agree with that much. Most conservatives though understood that the great job he did running the nation made it easily bearable to put up with his tweet storms.

 

[CoffeeIsForClosers]

Not everyone who thinks Trump is a jerk is a lib.

Half of the people who voted for him thought he was a jerk.

 

[nytigerfan]

Half of the people who voted for him thought he was a jerk.

I would take it a step further, they just didnt think he was a jerk, they thought he was an embarrassment.

 

[nytigerfan]

I find it funny that people still think Trump supporters orchestrated Jan 6th. Did Trump supporters go into the capital that day, yes, but to say they were responsible is laughable.

GOP congress is now threatening to "shut down" american telecom companies if they comply with the Jan 6th commission's subpoenas for their personal phone records on Jan 6th. Not take them to court, they are threatening to use punitive legislation to shut them down. American companies.

You still don't think they are hiding something? And you guys call us communists.

House Republicans threaten to 'shut down' telecoms that comply with Jan. 6 subpoenas

The latest Speed Read,/speed-reads,,speed-reads, breaking news, comment, reviews and features from the experts at The Week

theweek.com

 

[TigerGrowls]

GOP congress is now threatening to "shut down" american telecom companies if they comply with the Jan 6th commission's subpoenas for their personal phone records on Jan 6th. Not take them to court, they are threatening to use punitive legislation to shut them down. American companies.

You still don't think they are hiding something? And you guys call us communists.

House Republicans threaten to 'shut down' telecoms that comply with Jan. 6 subpoenas

The latest Speed Read,/speed-reads,,speed-reads, breaking news, comment, reviews and features from the experts at The Week

theweek.com

While you are truth seeking then get pelosi to release all the video footage from that date. Why is she withholding?

 

[gardentiger]

Focus on Trump to try and distract Americans from:
- A disastrous Afghan withdraw
- A border crisis
- Increasing inflation
- A $3T budget full of pork
- Cities overcome by crime
- Allies losing faith in us
- A covid policy like a ping pong ball
- A lack of transparency by the administration

But yeah, let focus on a protest that didn't burn down half a city. I bet MSNBC can give us all the details.

Sorry but no one gives a crap at this point. Old man Biden is the current problem.

Add:
-Russia signing unprecedented armed forces agreement with Saudi Arabia
-on the same day Putin was in Nigeria signing bilateral agreement (Nigeria has 10th largest oil reserves)

Ladies and gentlemen you are witnessing in real time the demise of the petrodollar. Or maybe you are not witnessing-because you are distracted by other meaningless bs.

 

[gardentiger]

Honestly surprised you aren't a news watcher. Never met anyone who had such emotional response to newspaper reporting.

Agreed - $3trillion of pork is unheard of.....but that number will only increase in the future. That's just how it has always worked and will continue to unless monumental change is made. Pork, I should point out, works both ways.....that's how it goes.

Inflation slowed drastically in July pointing to the transitory nature of this inflation spike (see below). The price of oil, while a part of our daily costs, does not equal inflation any more than the price of lumber does.

Month	CPI	Annualized Changed Month over Month
october	260.462​
november	260.927​	2.14%​
december	261.56​	2.91%​
january	262.231​	3.08%​
february	263.161​	4.26%​
march	264.793​	7.44%​
april	266.832​	9.24%​
may	268.551​	7.73%​
jun	270.981​	10.86%​
july	272.265​	5.69%​

Higher inflation is probably here to say, yes. But not at the rates the chicken littles are claiming. We have had close to zero inflation over the past decade. The FED tends to desire between 2.5% and 3.5% which is higher than what we have experienced, but a sign of a healthy economy.

The fact that NATO allies still look to us for leadership does not mean confidence in us didn't decline during Vietnam or our handling of Afghanistan or Iraq the past 20 years. We are still the economic leaders of the world, yes. But that's not what I meant when it came to American sentiment by our allies.

Glad you agree with me on matters of public health.

I read plenty. I'm also cognizant that the news doesn't report lack of crime. I'm also a data driven guy....and the data doesn't point to what you are saying. Quite the opposite in fact.

Trump did refuse to answer questions and often. He had plenty of press conferences where we immediately walked out after making a statement. Hell, it was also well documented that he refused to answer questions from critics and called on those news outlets that supported him. As I'm sure Obama did before him, as did Bush before him, and Clinton before him. This is not new.

I never told you MSNBC didn't have an agenda to the left. My point was that if you point at that you must recognize Fox's agenda to the right. Both are equally wrong in how they portray what they pass off as news.

All my points have been valid. Still waiting on you to prove one that wasn't. Have a great day!

I realize that Miram Webster changed the definition of inflation from "excessive printing of currency"...to "rising prices"(paraphrased) sometime in the mid 80s. But, math is math. "Inflation is always and everywhere a monetary phenomenon." -Milton Friedman
There might be a currency collapse. China might tie its digital yuan to gold next year. The petrocurrency is backed by non-woke military might(enter Russia). I believe the intent is to hyperinflate our currency to monetize our $150trillion dollar debt+unfunded liabilities. The current helicopter money will do it.
Edit: BTW, if the current model of brrrrrrrr doesn't work the CBDC coming in a couple of years will finish off the dollar.

 

[CoffeeIsForClosers]

I realize that Miram Webster changed the definition of inflation from "excessive printing of currency"...to "rising prices"(paraphrased) sometime in the mid 80s. But, math is math. "Inflation is always and everywhere a monetary phenomenon." -Milton Friedman
There might be a currency collapse. China might tie its digital yuan to gold next year. The petrocurrency is backed by non-woke military might(enter Russia). I believe the intent is to hyperinflate our currency to monetize our $150trillion dollar debt+unfunded liabilities. The current helicopter money will do it.
Edit: BTW, if the current model of brrrrrrrr doesn't work the CBDC coming in a couple of years will finish off the dollar.

Under the modern monetary theory, which (like it or not) is how our country has been operating for years regardless of who had the political power, addition of new money does cause inflation. It is removal of money out of circulation that keeps that inflation in control. Taxes are the most used form of such subtraction.

So while we all recognize the printing of money done in the past years/decades, very few have acknowledged that taxes are most commonly how it is removed and thus controlled. Important to point that there was a HUGE (I resisted saying YUGE) tax increase passed in December of 2019 that will take effect over the next 40 years. The elimination of the stretch IRA option (forcing all inherited qualified funds to be taken as taxable income over a 10 year period). As we are about to begin the greatest wealth transfer in the history of the world from boomers to millennials. Just think....all we've heard about for years is that 10k boomers are retiring each day. That 10k number is going to be a mortality rate pretty soon. All that previously untaxed money will begin to be taxed at a rapid rate. Talk about turning on the hydrant.

As far as what might happen internationally, that's not my area of expertise. I can tell you as oil becomes less and less important to the rest of the world (there is data suggesting that global oil demand has already peaked), it makes sense that the power wielded by countries who's economies are so strongly based on oil (Russia, Saudi Arabia, etc) will only decrease. Just a thought....

 

[gardentiger]

I effectively paid no tax last year due to rona. Usually pay in the 45 to 58k fed range each year. I also got 210k in ppp. That is a huge loss for govt. The economy is shrinking and we're printing money, imo.
That new tax law is interesting. It might explain why I've run into a couple of boom clients in the past couple of months who have liquidated 401ks with penalty and bought 100% precious metals and miners...wtf??

 

[CoffeeIsForClosers]

I effectively paid no tax last year due to rona. Usually pay in the 45 to 58k fed range each year. I also got 210k in ppp. That is a huge loss for govt. The economy is shrinking and we're printing money, imo.
That new tax law is interesting. It might explain why I've run into a couple of boom clients in the past couple of months who have liquidated 401ks with penalty and bought 100% precious metals and miners...wtf??

I absolutely agree that people will make adjustments accordingly. You will see a lot of Roth conversions and The ultra wealthy setting up a trusts, etc. but the majority of the average Joe boomers will continue with the status quo. This was one of those laws that was snuck in right before Christmas and unless you were getting good advice, you probably missed it.

 

[PawsFan_]

Under the modern monetary theory, which (like it or not) is how our country has been operating for years regardless of who had the political power, addition of new money does cause inflation. It is removal of money out of circulation that keeps that inflation in control. Taxes are the most used form of such subtraction.

So while we all recognize the printing of money done in the past years/decades, very few have acknowledged that taxes are most commonly how it is removed and thus controlled. Important to point that there was a HUGE (I resisted saying YUGE) tax increase passed in December of 2019 that will take effect over the next 40 years. The elimination of the stretch IRA option (forcing all inherited qualified funds to be taken as taxable income over a 10 year period). As we are about to begin the greatest wealth transfer in the history of the world from boomers to millennials. Just think....all we've heard about for years is that 10k boomers are retiring each day. That 10k number is going to be a mortality rate pretty soon. All that previously untaxed money will begin to be taxed at a rapid rate. Talk about turning on the hydrant.

As far as what might happen internationally, that's not my area of expertise. I can tell you as oil becomes less and less important to the rest of the world (there is data suggesting that global oil demand has already peaked), it makes sense that the power wielded by countries who's economies are so strongly based on oil (Russia, Saudi Arabia, etc) will only decrease. Just a thought....

While there are some interested in MMT theory, it's not the policy of the our Federal Government nor the Federal Reserve. The Fed controls Inflation primarily through increasing interest rates and decreasing bond prices.

https://money.usnews.com/investing/investing-101/articles/what-is-modern-monetary-theory-mmt

A Primer on Modern Monetary Theory

www.fraserinstitute.org

"MMT has been embraced by progressives, like Rep. Alexandria Ocasio-Cortez, who see MMT as a framework for increased government spending that could help finance initiatives such as the Green New Deal policy on climate change.

Stephanie Kelton, a professor of public policy and economics at Stony Brook University and a leading advocate for MMT, served as an economic advisor for Sen. Bernie Sander's 2016 presidential campaign.

MMT advocates say that government should be responsible for setting economic policy, which is currently part of the Federal Reserve's responsibility in mainstream economics. In MMT, however, the Fed would have less control in setting monetary policy and would primarily help fund the government's debt.

But there are a number of economists who have been critical of MMT, saying rising deficits are dangerous because they push up interest rates and lead to hyperinflation, which could have adverse impacts on investment returns.

Fed Chairman Jerome Powell says, "The idea that deficits don't matter for countries that can borrow in their own currency is just wrong," and that, "decisions about spending are meant for you," when speaking before the Senate Banking Committee in February 2019. Powell stressed that the purpose of the Fed, as the central bank of the U.S., is to maintain the stability of the financial system and to pursue full employment.

Legendary investor Warren Buffett is another stern critic of MMT."

Buffett joins scorn of Modern Monetary Theory and ‘danger zones’ - BNN Bloomberg

Turns out that billionaire investor Warren Buffett doesn’t love Modern Monetary Theory either.

www.bnnbloomberg.ca

BTW. The creator of MMT......graduated with a 2.5 GPA with a BA in Economics. He holds no other degrees. Basically he's a man who wrote a book that some folks took interest to. His views on life are about as socialist as AOC's.

Yeah, let's have the AOC's and Bernies direct our economy.

 

[gardentiger]

While there are some interested in MMT theory, it's not the policy of the our Federal Government nor the Federal Reserve. The Fed controls Inflation primarily through increasing interest rates and decreasing bond prices.

https://money.usnews.com/investing/investing-101/articles/what-is-modern-monetary-theory-mmt

A Primer on Modern Monetary Theory

www.fraserinstitute.org

"MMT has been embraced by progressives, like Rep. Alexandria Ocasio-Cortez, who see MMT as a framework for increased government spending that could help finance initiatives such as the Green New Deal policy on climate change.

Stephanie Kelton, a professor of public policy and economics at Stony Brook University and a leading advocate for MMT, served as an economic advisor for Sen. Bernie Sander's 2016 presidential campaign.

MMT advocates say that government should be responsible for setting economic policy, which is currently part of the Federal Reserve's responsibility in mainstream economics. In MMT, however, the Fed would have less control in setting monetary policy and would primarily help fund the government's debt.

But there are a number of economists who have been critical of MMT, saying rising deficits are dangerous because they push up interest rates and lead to hyperinflation, which could have adverse impacts on investment returns.

Fed Chairman Jerome Powell says, "The idea that deficits don't matter for countries that can borrow in their own currency is just wrong," and that, "decisions about spending are meant for you," when speaking before the Senate Banking Committee in February 2019. Powell stressed that the purpose of the Fed, as the central bank of the U.S., is to maintain the stability of the financial system and to pursue full employment.

Legendary investor Warren Buffett is another stern critic of MMT."

Buffett joins scorn of Modern Monetary Theory and ‘danger zones’ - BNN Bloomberg

Turns out that billionaire investor Warren Buffett doesn’t love Modern Monetary Theory either.

www.bnnbloomberg.ca

BTW. The creator of MMT......graduated with a 2.5 GPA with a BA in Economics. He holds no other degrees. Basically he's a man who wrote a book that some folks took interest to. His views on life are about as socialist as AOC's.

Yeah, let's have the AOC's and Bernies direct our economy.

The fed is SAYING they don't operate under MMT. However, look at what they do. Rates are at or near 0. Yes, they send out their underlings about once a week to say "we're gonna taper sooner than later." And they don't. You know why....because they can't. They can't take away the monetary heroin. And in the end the victim ODs. They are buying AT LEAST $120billion in treasuries and mbs's. They can't increase interest rates because it would crash markets and housing. They can't raise interest rates because they wouldn't be able to finance the debt. By proxy the fed is operating under MMT. I'm sure they don't teach it. I also sure, however that they don't teach austrian economics. What an aweful place for the market to be in. Waiting each day with baited breath to see what the central planners are going to say or do. How about letting the market and price discovery exist on its own?

 

[CoffeeIsForClosers]

The fed is SAYING they don't operate under MMT. However, look at what they do. Rates are at or near 0. Yes, they send out their underlings about once a week to say "we're gonna taper sooner than later." And they don't. You know why....because they can't. They can't take away the monetary heroin. And in the end the victim ODs. They are buying AT LEAST $120billion in treasuries and mbs's. They can't increase interest rates because it would crash markets and housing. They can't raise interest rates because they wouldn't be able to finance the debt. By proxy the fed is operating under MMT. I'm sure they don't teach it. I also sure, however that they don't teach austrian economics. What an aweful place for the market to be in. Waiting each day with baited breath to see what the central planners are going to say or do. How about letting the market and price discovery exist on its own?

This 100%. Look at what they do and not what they say. While progressives may be the one's beating the drum, they have all been living it for years. We just spent 4 years with fiscal conservatives in power. We saw huge tax cuts and no decrease in spending.

 

[gardentiger]