Juggernaut Maquette

[OldHope]

[QUOTE=Tbolt;6042192]

Originally Posted by OldHope

It doesn?t take a PHD, how obtuse do you really have to be not to understand?

@Tbolt I was addressing the comment, "But given the Bidenomics (and No inflation would Not have happened like this no matter who was in charge)," which was made by DLMEsquire44. But if you agree with his statement the rest of this post is for you too. LOL everybody is an expert on everything these days. So, once again which economic theory did you use to come to your conclusion? Also, your comment It doesn?t take a PHD. Means I have a political bias which is better than an formal education on the subject matter SMH. Good Luck Man

[DLMEsquire44]

[QUOTE=OldHope;6042122]

Originally Posted by DLMEsquire44

Exactly! People just lack a Basic understanding of economics & how business works!

But given the Bidenomics (and No inflation would Not have happened like this no matter who was in charge) I don't think $150 is too bad to get another shot years latter!

@DLMEsquire44 where did you earn your Master or PHD degree in economics from? I am not trying to have a debate I just wanted to understand the economic theory you used to come to your conclusion. I look forward to your reply and congratulation on getting the statue.

Since you asked for my credentials, I have a business degree from Warrington College of Business @ THE University of Florida, as well as a Law degree from Georgetown and I've additionally studied international business @ the University of Manchester Institute of Science & Technology (UMIST)

But, Tbolt is Correct it doesn't take A PhD to know that the FED has been Dumping money into the economy for years & years with QE policy. And when the Corrupt, Senile Fool who Pretends to be President & the Gaggle of Idiots who pull his strings, Massively Exacerbate that with Trillions in government spending and the Money Supply goes up 36% you get wild inflation! Particularly, if there happens to be massive supply chain problems due to a global pandemic!

As for my "economic theory," according to a little thing I like to call the Law of Supply & Demand, when you have tons more money chasing fewer goods, you get Inflation! See also, Weimar Germany, Zimbabwe, Venezuela, etc. etc. Without those government spending policies, the inflation would NOT be happening...

Here Endith the Lesson.

[Drink]

[QUOTE=DLMEsquire44;6042759]

Originally Posted by OldHope

But, Tbolt is Correct it doesn't take A PhD to know that the FED has been Dumping money into the economy for years & years with QE policy

As for my "economic theory," according to a little thing I like to call the Law of Supply & Demand, when you have tons more money chasing fewer goods, you get Inflation! See also, Weimar Germany, Zimbabwe, Venezuela, etc. etc. Without those government spending policies, the inflation would NOT be happening...

Here Endith the Lesson.

you know every period of high inflation is a transfer of wealth from poor to rich right? those who pay interest will suffer, those who collect interest will flourish. this transfer cycle happens every few decades and is carefully planned. if you follow history youll find that every pandemic was immediately followed by a recession or high inflation period. look it up. no PhD required

fatter profit margins are driving price increases. sideshow is charging more because they can. same with shipping. you got 3 companies that have 85% of the marketshare and raise prices at the same time just because they can. things arent going back either. inflation rarely falls it just levels out and people get used to it until they cant afford it any more = recession

[OldHope]

[QUOTE=DLMEsquire44;6042759]

Originally Posted by OldHope

Since you asked for my credentials, I have a business degree from Warrington College of Business @ THE University of Florida, as well as a Law degree from Georgetown and I've additionally studied international business @ the University of Manchester Institute of Science & Technology (UMIST)

But, Tbolt is Correct it doesn't take A PhD to know that the FED has been Dumping money into the economy for years & years with QE policy. And when the Corrupt, Senile Fool who Pretends to be President & the Gaggle of Idiots who pull his strings, Massively Exacerbate that with Trillions in government spending and the Money Supply goes up 36% you get wild inflation! Particularly, if there happens to be massive supply chain problems due to a global pandemic!

As for my "economic theory," according to a little thing I like to call the Law of Supply & Demand, when you have tons more money chasing fewer goods, you get Inflation! See also, Weimar Germany, Zimbabwe, Venezuela, etc. etc. Without those government spending policies, the inflation would NOT be happening...

Here Endith the Lesson.

So, Trump's Tax Cuts, 2 stimulus packages, and putting pressure on the FED to keep interest rates close to 0 had nothing to do with "Dumping money into the economy?" Just asking. Don't forget I was addressing the "Bidenomics (and No inflation would Not have happened like this no matter who was in charge)," comment. I disagree with "it doesn't take A PhD," because economics is a very complex subject. But I will agree with the "the FED has been Dumping money into the economy for years & years with QE policy," comment because Joe Biden has been President for a little over 1 year. One year is not years and years. If there is no political bias when looking at the data, I believe I it would be fair to call it Trump and Biden's economy. Thanks for responding.

[nearmint]

The question is, who would Juggernaut blame for inflation?

[IcedDog]

He'd probably blame Charles, just because

[Drink]

Originally Posted by nearmint

The question is, who would Juggernaut blame for inflation?

corporations are at 50 year record high profits atm. so i would say corporate greed. but according to esquire its because the fed went full blown socialism for wall st and injected a trillion a day to keep it alive, called it 'quantitative easing,' while we got a stimulus check that covered our mortgage for a month. oh and something about venezuela

[Divo]

So this masterful Juggs with an es of only 1200 is still available for waitlist?! Never understood it. Never will.

[Biggunz]

Originally Posted by Drink

corporations are at 50 year record high profits atm. so i would say corporate greed. but according to esquire its because the fed went full blown socialism for wall st and injected a trillion a day to keep it alive, called it 'quantitative easing,' while we got a stimulus check that covered our mortgage for a month. oh and something about venezuela

Hi Drink

[Biggunz]

Close the shop mann!