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Selfish bastard!!!I'm middle class and doing just fine. Stop being such a snowflake and pull up those bootstraps.
Get a job, then you can bitch.Own it! Suck it! Your miserable policies are shit!
I'm middle class and doing just fine. Stop being such a snowflake and pull up those bootstraps.
Your posts are awful.Why does inflation drain wealth only from the middle class? Why not the upper class?
As I said in the other thread about this, you can thank COVID and Putin for this.
Meanwhile the Ruble has regained almost all of its losses from NATO's sanctions.
And here’s the money supply. Who was President in 2020?
Obviously their wealth is affected but no one cares.More detail, please.
During the high inflation years i had CDs paying 12-15 % interest and with NO debt, so i suffered through it, by taking a second job.Why does inflation drain wealth only from the middle class? Why not the upper class?
Mostly from manipulation and India/China willingness to pay for energy in rubles.Meanwhile the Ruble has regained almost all of its losses from NATO's sanctions.
You should be advising Biden on who to blame - because blaming it on Putin is a lie!And here’s the money supply. Who was President in 2020?
And/or in gold also. This entire thing could backfire on us here...there is going to be a strong push to remove the dollar as thee standard...Mostly from manipulation and India/China willingness to pay for energy in rubles.
That’s because people aren’t going to read Milton Friedman and won’t understand that inflation always trails the money supply.You should be advising Biden on who to blame - because blaming it on Putin is a lie!
Tell Biden this! He’s the one blaming Putin. At least blame the right people Joe!That’s because people aren’t going to read Milton Friedman and won’t understand that inflation always trails the money supply.
I haven’t read anything to suggest they are using gold to buy. That would be very difficult. Russia is trying to tie the ruble to gold at 5000 - 1. But they stopped that plan last weekAnd/or in gold also. This entire thing could backfire on us here...there is going to be a strong push to remove the dollar as thee standard...
Russia just made a case for owning gold — and nobody noticed
It makes sense to have at least some gold in a long-term investment portfoliowww.marketwatch.com
Republicans are blaming Biden. Is that not equally dishonest?Tell Biden this! He’s the one blaming Putin. At least blame the right people Joe!
JFC. Y’all get your information from am radio sound bitesTell Biden this! He’s the one blaming Putin. At least blame the right people Joe!
Agreed.
The upper class use leverage to buy assets that enjoy the fastest appreciation (above the inflation average).Why does inflation drain wealth only from the middle class? Why not the upper class?
You point me to the party that’s lowered spending when in office, and I’ll vote for them.Agreed.
Do you think trillion+ dollar deficits will 'clean up the mess'?
I heard something today about it. I'll try to find it. But either way they've found a way around sanctions.I haven’t read anything to suggest they are using gold to buy. That would be very difficult. Russia is trying to tie the ruble to gold at 5000 - 1. But they stopped that plan last week
Uncle Milty was a wise oneThat’s because people aren’t going to read Milton Friedman and won’t understand that inflation always trails the money supply.
Oil was up over 50% before the invasion, inflation was over 6% before the invasion. Oil price was less and demand much higher in 2019 because of Trumps energy policies that made sense. Stop blaming Putin for failed Dem policies.As I said in the other thread about this, you can thank COVID and Putin for this.
New exploration and development stopped when Covid hit. Now it lags demand on the bounce back.Oil was up over 50% before the invasion, inflation was over 6% before the invasion. Oil price was less and demand much higher in 2019 because of Trumps energy policies that made sense. Stop blaming Putin for failed Dem policies.
Obviously their wealth is affected but no one cares.
Not everything affects people the same way:And this is one of the themes I constantly attack on here: Poorly formed arguments.
If you are against inflation, then be so for all.
It’s a transfer of wealth from one to the other. 20% of the population buys 80% of the goods. And a huge chunk of that 20% is the middle class. The upper classes have savings to get them through times like this as well.Why does inflation drain wealth only from the middle class? Why not the upper class?
For the Democrats to fully usher in the welfare state they so desire the middle class must be crushed and taxed into submission. Obama was phase 1 this is phase 2.