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Biden prediction is for inflation rates to skyrocket, maybe 10 fold

Scott Downey

Well-Known Member
Biden Is Following in the Same Economic Footsteps as Jimmy Carter - Inflation Here We Come
That is due to policy changes of Biden.
I do think inflation will go up and Biden will cost you money.
The inflation problem though is serious, as if it does rise significantly , the FED will want to raise rates, meaning the interest on the federal debt payments will go way way way up, meaning the percent of GDP just to pay the interest on the debt could become absurd. The value of cash will drop. So your savings value bad as it is, will just go down in value faster.

Biden's green policies, and infrastructure spending, may make many people poor.
 

Scott Downey

Well-Known Member
The Carter years were hard economic times and energy fuels were SCARCE.
You could only fill up on odd or even days depending on your license plate.
Long lines stretching around blocks to fill up your car
The speed limit was dropped to 55mph to conserve fuel
Inflation was high, mortgage interest rates got close to 20%
The country was losing to IRAN, the embassy was taken, Carter was mocked worldwide as a weak ineffectual leader, and the military forces Carter decimated.

And Carter said that was our future, he saw no way forward, out of the morass he drug the country into.
If that is what Biden is bringing, why would you support him.
Sounds similar to Biden's 10 years grim prognosis for America.
 

carpro

Well-Known Member
Site Supporter
You can't just keep printing money to cover extravagant government spending.

Eventually, it will catch up to you.
 

Van

Well-Known Member
Site Supporter
Living on a fixed income in retirement, I have enjoyed the relatively low inflation rate brought on by Mr. Reagan and lasting until now. Hopefully my assignment here will end before I start checking the dog food nutrition labels.
 

Scott Downey

Well-Known Member
stagflation may come back
Social justice and climate justice, NOT economic growth is what Biden administration is focusing on.
 

Scott Downey

Well-Known Member
Living on a fixed income in retirement, I have enjoyed the relatively low inflation rate brought on by Mr. Reagan and lasting until now. Hopefully my assignment here will end before I start checking the dog food nutrition labels.
Dry dog and cat food has gritty greasy taste and no flavor. Never tried the wet stuff in a can.
 

tyndale1946

Well-Known Member
Site Supporter

Van

Well-Known Member
Site Supporter
Well Van while are waiting for to see which way things are going to go, you might enjoy a little traveling music, acapella style... Brother Glen:)

http://mtzionprimitivebaptist.org/audio_files/hymn_mp3s/Feel_Like_Traveling_On.mp3
Yes Brother Glen, as I age, that feeling grows, as my assessment of my contribution here diminishes. But then I think of my departed siblings, who "broke the tape" and finished well. Another tune I like is "Onward Christian Solider."
 

Scott Downey

Well-Known Member
Somehow, people dont learn from the past, and democrats are no exception. Carter and democrats will never admit their policies are at fault for failures and hard to make them even admit there are failures. They blame anything but themselves.

And seeing how strongly they believe in AGW being about to destroy the world and only 9 years left before total chaos and destruction according to Kerry, who is a Biden twin, they justify doing whatever it takes.

So dont expect them to let up unless they are overcome by a stronger force.
 

church mouse guy

Well-Known Member
Site Supporter
Somehow, people dont learn from the past, and democrats are no exception. Carter and democrats will never admit their policies are at fault for failures and hard to make them even admit there are failures. They blame anything but themselves.

And seeing how strongly they believe in AGW being about to destroy the world and only 9 years left before total chaos and destruction according to Kerry, who is a Biden twin, they justify doing whatever it takes.

So dont expect them to let up unless they are overcome by a stronger force.

The way Kerry jets around on ketchup money he doesn’t seem too worried.
 

JonC

Moderator
Moderator
The way Kerry jets around on ketchup money he doesn’t seem too worried.
None of them do. They make rules they will not follow, pretend to care about financial issues they will never face. Our government is neither of the people or for the people.
 
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