Well, we just gotta send out more stimulus checks to everyone, 15,000 per check. Then no one has to work. All problems fixed.

https://news.bloomberglaw.com/environment-and-energy/inflation-strains-value-of-bidens-signature-infrastructure-law

After Biden's sole legislative accomplishment was the infrastructure bill last year that printed $1.2 trillion of funny money into the economy, the inflation this year has resulted in about ~30% increased construction costs, driven by a shortage of labor and some materials more than doubling in costs, and now Biden talking about gutting infrastructure tax revenue with the 3 month gas tax revocation. This means that despite a 'once in a lifetime' investment in infrastructure, of which something like 90% went to social programs instead of actual infrastructure, we're going to see less construction projects being completed.

This is truly the epitome of fiscal malfeasance. We're going to simultaneously print money to pay for stuff and then not be able to afford to pay for stuff. The United States of Zimbabwe

Only if you want to spend $20 for a loaf of bread.

Well, we only get 20$ loaf of bread at first, then the whole country would crash. The only reason money has value because the trust we place in it by reserving "energy" and the only way to create value in money, someone has to put energy forward.

No, money was to be a receipt for hard currency, gold or silver.
You used to be able to go to any bank and exchange your notes for them.
That is what gives it value.

What gives it value now?

Nothing since the gold standard was removed and all our gold stolen.
That is why inflation has sky rocketed.
Will continue until complete collapse.
All done intentionally so it can be replaced with a global digital one.

https://twitter.com/POTUS/status/1539664642963898368

Biden still trying to blame Putin for inflation, and now on top of pretending he's done everything he can to bring down oil prices (canceling drilling leases, canceling keystone XL pipeline, hmmm), he's vowing to "get 20 million tons of wheat out of ukraine". Except that wheat is behind a Russian blockade. From the war that Biden is trying to prolong. And a blockade he can't get around without investing the kind of military force that would cause world war 3. So the charitable case is that Biden is making an empty pledge he has no intention to fulfill. Or better yet, that he could avoid war with Russia and still get more wheat onto the global markets by.... Russia seizing it and profiting from it, a further humiliation of his already failed sanctions.

Thank god Jimmy Carter lived to see this man as president.


/e and if we do get dragged into a war, at least our war machine will be running on empty as he drains the strategic oil reserves lmao

This post was edited by Goomshill on Jun 23 2022 08:27am

just real quick, how has the infrastructure bill caused a GLOBAL inflation? you people are so easily had by obvious faux news bullshit, you don't even realise it, lol.

of course it's not the global pandemic and the war that literally every nation in the world feels, no, it's joe biden who dared to invest into america's rotting infrastructure, rather than simply hand billions to the donor class, while lying about long debunked "trickle down" effects, like his predecessor did.





This post was edited by fender on Jun 23 2022 08:42am

The global economy is driven by the petrodollar and the US has been printing money. And the EU has been printing money. On top of stagnating growth by hamstringing all production that keeps the economy propped up, both by self-flagellating regulatory schemes and covid lockdowns. Joe Biden was one of the greatest cheerleaders for all this, personally responsible for a significant chunk of it, and the infrastructure bill was one ear on that belt. And "daring to invest in infrastructure" looks ridiculous now when the results of this fiscal irresponsibility is the proximate gutting of our nation's infrastructure. They can't afford to build bridges and repair roads and we're going to suspend their revenue source. And worse yet, its not like its offset by the previous spending, when 90% of that package was just social programs being passed surreptitiously by pretending they were infrastructure.