https://www.bloomberg.com/news/articles/2022-04-06/fed-officials-weigh-shrinking-balance-sheet-by-95-billion-month

Feds will prune their balance sheet by up to 95 billion a month.

the side goal of the plandemic was to destroy mom and pop stores while making places like amazon and target even stronger than they already were. It was no different than literally telling private citizens your business is gone & that you must now only feed monopolies. Some were able to stay up in the name of selling CBD oil but most were forcefully shut down.

This also feeds into the whole you have to be vax'd to be employed as well since those corporations are now the basic hiring force instead of local businesses who would otherwise disagree w/ mandates

This post was edited by lodd222 on Jun 11 2022 09:04am

there is no contradiction when i specifically noted it was caused of decades of money printing and deficit spending - GLOBALLY.

my response was to a user who specifically cited that this was only done during bush, obama, and biden admins and specifically omitted trump as if he was some sort of fiscal guru. had trump won, inflation would still be here. it was inevitable from the decades of low rates and money printing. the catalyst was covid shut down as well as covid recovery.

it is just sad how cult like you trumpers are about your dear orange leader and cling on to his dingleberries as hard as you can.

Your reading comprehension is either very poor or you're just a liar. He very clearly assigned some of the blame to Trump. Breath dawg Orange man is no longer president, he can't hurt you now.

here is the exact post. Post 51 in this thread.

Inflation was caused by decades of fiscal irresponsibility by all the federal government, Democrat and Republican alike. The chief responsibility lays with the fed and their mostly independent leadership, but its clearly the consequence of third way neoliberalism that has been pumping trillions into the economy to artificially stimulate growth. And while Biden has done it since taking office and so did Obama, also so did Bush before him, and the biggest spurt of money printing occurred under Trump- a covid response he reluctantly agreed to, clearly not in line with his preference for having an economy move along under its own power like his first three years and generate real growth to offset the funny money. If Trump had actually gotten what he wanted, we wouldn't have lockdowns and the economy grind to a halt, so we wouldn't have this inflation show up later. But he didn't get what he wanted, and he championed the money printing approach when it became his political necessity, and this is the consequence. Nobody can be absolved of blame here, except maybe Peter Navarro and we're ready to burn him in a wicker man

completely absolving trump from any of his shitty policy choices by saying "he didnt get what he wanted" and pointed only COVID and what was done out of necessity and nothing about trump pressuring the fed to lower rates for the entirety of his term (before covid), trump tarriff and trade war (before covid) and those impacts on inflation.

i have now noted for the 3rd or 4th time that covid was a catalyst that, due to decades worth of shitty policy making on a global scale (deficits, low rates etc.), caused inflation we are seeing today. i am merely pointing out to the idiots who dont understand economics that inflation didnt just happen because of biden (you are arguing against me blaming one man while defending those who are literally blaming biden for an issue that is occurring on a global scale)

so let me me now ask you;

is your reading comprehension that poor or are you just a liar?

This post was edited by Budgeting on Jun 11 2022 12:40pm

Read the bold slowly dawg. He clearly acknowledges that the printing went up under Trump. So dense.

read your own bolded. he is attributing it solely to a covid response in which he literally writes that trump did not want to do which is false. trump was asking for more money printing at the beginning of his term before covid. trying to cast trump as some fiscal hawk who would be able to tackle inflation is a completely bad take and you have just proven that your reading comprehension is as garbage as you think mine is.

There's nothing wrong with that analysis and it's actually quiet accurate. Trump played down Covid early on and cared much more about not damaging the economy. That's something he got a lot of slack for and eventually lost the election because if this 'mishandling' of the economy.

Everything is relative in this world so no he's not a fiscal conservative in the absolutist sense of the word. Democrats regularly look to spend more than republicans year after year. I'd think someone with the name Budgeting would know this simple fact instead you're just a partisan shill.

This post was edited by ofthevoid on Jun 11 2022 12:55pm

Great to see people finally understanding that the Federal Reserve is causing inflation and facilitating reckless government spending.

Goomshill and others are right to point out that it was overwhelmingly supported by people in both parties.
There were only a handful of exceptions in congress.

The star exception was Rep. Thomas Massie. He went out of his way to oppose the massive spending bills and forced actual votes on them.
For his efforts he was prominently demonized by major figures on both sides, including Trump and John Kerry, and lambasted by the corporate press(enemy of the people)
Trump wanted him thrown out of the party and Kerry went on an unhinged twitter rant calling him an "asshole".

If there doesn’t exist a federal reserve then the government has no way of borrowing endlessly unless directly printing paper cash.

This post was edited by Tarisus on Jun 11 2022 09:08pm