Government spending to blame for inflation spike, San Francisco Fed study says

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[–]Canbot 6 insightful - 2 fun6 insightful - 1 fun7 insightful - 2 fun -  (0 children)

Yeah sure, if you count Bailouts to billionairs as spending. The reality is the Federal Reserve is used to forge tens of trillions of dollars which are used to transfer real wealth from the masses to the ruling class. It's a giant fraud. This cycle of depression and printing, emergency and printing, inflation and printing is going to continue until we find a way to overthrow the globalist banking superpower.

[–]newguy 4 insightful - 3 fun4 insightful - 2 fun5 insightful - 3 fun -  (1 child)

Wow, turns out creating 60% of the money supply in 2 years causes inflation, who would've guessed. Shocker.

[–]jamesK_3rd 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

They can print me out as many thousand dollar bills as needed

[–]aaarrgh 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

spending the money of the tax payer, they're really good at it, real champs.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (9 children)

O well no shit? You don’t say. I can’t believe they have done this.

I was one of the people who got all the checks. I’m not going to lie, I paid bills with them. But I had TWO friends who fucking quit working to collect the covid unemployment.

It paid some bills short term, we are all going to pay big time in the ruining of the economy. Giving out free money, make real hard earned money less valuable. It was wrong the first time, and it will always be wrong.

[–]Canbot 6 insightful - 2 fun6 insightful - 1 fun7 insightful - 2 fun -  (8 children)

A tiny percentage of the money that was printed went to covid payments for the unemployed. We're talking single digit percentage. The vast majority was embezzlement by the wealthy.

[–][deleted] 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 2 fun -  (2 children)

Well their discussing another covid package in congress.

We would have been better off with no printing of money no mass spending. And no shutdowns.

[–]Canbot 6 insightful - 2 fun6 insightful - 1 fun7 insightful - 2 fun -  (1 child)

Covid was just another excuse. They did the same thing in 2008 and 2000 and 1989. We aren't fucked because of covid over reaction, we are fucked because they keep getting away with it. They will always make an excuse.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Yea man. What can we do?

[–]Heter0ph0be4Life 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (4 children)

Nancy Pelosi is the reason San Francisco has turned into a shithole. Thousands of people sleep in the streets while she eats ice cream for that fat slob James Corden out of one of her two ice cream freezers.

[–]Canbot 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (3 children)

Pelosi has been in power for 60 years. San Fran took a real shit in the last 5. The math does not check out.

It's not one person's fault, it is the entire democrat party. It is steeped in election fraud and corruption. Newsoms recall election was rigged just like the national elections. The courts are stacked with Democrat shills, as well as all top positions. That is why San fran, and all democrat run cities, turn to shit.

[–]Heter0ph0be4Life 2 insightful - 3 fun2 insightful - 2 fun3 insightful - 3 fun -  (2 children)

I have seen the decline with my own two eyes since the 1990s, and no, the bitch has only been in power for 35 years. Every post-2016 election and primary that the slave party claimed to "win" has been rigged. If we had free and fair elections, republicans would win every time.

[–]Canbot 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

republicans would win every time.

I don't think that is true, but without a doubt Newsome would be gone. I don't think they can or need to rig all of the elections. I think they have focused on installing corrupt elections administrators in key cities to secure and swing key states. California is one of the worst because they already had so much power there that once they figured out they can get away with election fraud, or finally infiltrated the federal government enough, that was an easy grab.

The Republicans aren't much better anyway. They all cow tow to the (((Bankers))). Trump was literally the only one in my adult life who clearly wasn't a shill.

[–]Heter0ph0be4Life 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Flagged for hate speech. Stop using anti-capitalist propaganda to lampshade your antisemitism.

[–]aaarrgh 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

what, and not the Russians? (lol)