Wufpack17 said:

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I don't really believe in this idea that our leaders are all communists.

What I do believe is they are all power hungry and people who believe they know what is best. They created an intelligence agency that is the most powerful government entity on the planet. They created laws that make it legal for the feds to spy on you without a warrant. They created so many laws and regulation's that all of us are breaking one as we speak. What better way to keep people in check than by having a method in which you can threaten an arrest at any given time?

We went from little taxation to being one of the most heavily taxed nations on earth. That doesn't help anyone. They pretend it's to "pay for government programs and infrastructure". We all know that is a crock of ***** Taxes are all about control.

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Ncsufist said:

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Civilized said:

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Ncsufist said:

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Oldsouljer said:

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Ncsufist said:

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caryking said:

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Civilized said:

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Oldsouljer said:

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Civilized said:

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PackProwl63 said:

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So VP Walz misspoke but CNN says Trump lied when he said Biden left 85 Billion worth of equipment overseas and it was 83 Billion Humm! Ok for Democrats to lie and misspeak but not Republicans. You foolish democrats enjoy your socialist/communist country when Harris wins and they end the Republic and make us a wicked democracy! When the inflation goes up 200% overnight enjoy it you fools!!

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Eye roll emoji

Catastrophize much?

Why would inflation go up consequentially if Harris gets elected, when Harris' policies will closely emulate Biden's and inflation has been going down for over 2 years?

I think Trump is a colossal moron but even I don't portend of the end of the Union if he's President the next four years. If he is, we'll just have some **** to fix after that.

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By what metric is inflation "down"? The rate of inflation is still going strong circa 3% and it's precisely for that reason that the Fed is holding the line on rate cuts. And that's on top of all the inflation that has been baked in since the seven trillion dollar money creation event of 2020.

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The fed is going to drop rates imminently because the inflation rate of 2.5% - 3% is about where they want it to be.

And nobody ever claws back baked-in cost increases from periods of higher inflation. That's a pointless argument. To accomplish this, you'd need deflation, which no one wants.

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Actually, we might need some deflationary actions to get things back in order...

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Not an economist. Obviously. But what is bad about deflation? Doesn't that mean that the value of our dollar is higher and can pay for more goods??

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This is an interesting subject. What Civ said in response to you is generally true…as far as it goes….but more context is necessary. It's worth noting that the central banks and governments hate deflation, too, and will always choose inflation between the two. That screws us because inflation works more for them and the wealthy, but not so much for us. It's also true that your hard assets (I.e. - your house) will decrease in dollar terms in deflation but another way of looking at that is that it is reverting to its true value…because as a hard asset, its role is a shield against inflation, not deflation. In the case of the latter, your best fiscal position is to raise and hold cash which is king during deflation. Money is universally tight in deflation, that's why cash rules! If all your cash is in the bank, beware of that, more bank failures coming is a distinct possibility. Use Weiss bank safety ratings or some other third party bank rating service to determine where to park cash outside of your house, if you must. Fwiw, if you're a veteran, Navy Federal Credit Unit has been seemed very safe by Weiss and others. USAA, sadly, not so much. Two bottom lines….your COLAs aren't keeping up with inflation because unlike 1980, inflation measurements are seriously dishonest and true inflation is much higher than government stats would have you believe. Second, deflation is great if you have means and low debt, horrible if you don't. The government and non-governmental entities are up to their eyeballs in debt, hence, they'll fight tooth and nail to head off deflation given that inflation is sadly, their chosen means, however grossly inefficient, to stay ahead of snowballing debt.

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Civ chime in on this too. Sorry being lazy and doing just a single post to both of you. Wouldn't the relative value of the dollar be better in the long run though?? Or am I just totally not getting it. I understand during the deflationary time it's gonna suck for most people. But at the end of the period wouldn't people be in a better position with a higher valued dollar? Or is the value of dollar not changed in all of this?

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Yes, your dollar would go further but there would be so much collateral damage to the economy that most normal people's wherewithal in the aggregate wouldn't experience a net benefit of their relatively stronger dollar.

Like Souljer said, cash would be king (not big depreciating and illiquid fixed assets like land, cars, houses, etc.) and you could definitely buy more with any cash you did have.

The confounder though is that most people aren't sitting on piles of cash.

In deflationary times there would also be reduced consumer spending due to fear or job loss; worse company performance due to aforementioned consumer spending cuts; diminished stock market gains due to consumer-driven businesses underperforming, a diminished real estate market, and on and on.

Basically the only good thing about that whole situation is that if you're cash-heavy you'd be operating from a position of strength. You could buy more, buy distressed assets at discounts and hold them for future gains, etc.

But the stats on Americans' savings habits and wherewithal are sobering. Only around 10% of Americans have more than $2k in savings so the vast majority of America is not well-suited to take advantage of a stronger dollar but weaker job market.

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Yeah but on the backside of it once the deflation period is done. It sounds like it would be better in the long run since the dollar would be higher value. I admit during the period it's gonna be a major **** show. And hurt basically everyone. But once it's stabilized would it be better? Or am I just thinking too simple that a stronger dollar would be better

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ncsupack1 said:

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Bas2020 said:

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The entire WORLD is laughing at us under Harris/Biden

This should piss you off.

The Taliban held a PARADE with the 85 BILLION DOLLAR equipment that Biden left behind during the disastrous Afghanistan withdrawal.

What an embarrassment.
pic.twitter.com/lRStWCs80i

— Chad Prather (@WatchChad) August 14, 2024

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Adults running things.

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TheStorm said:

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ncsupack1 said:

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Bas2020 said:

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The entire WORLD is laughing at us under Harris/Biden

This should piss you off.

The Taliban held a PARADE with the 85 BILLION DOLLAR equipment that Biden left behind during the disastrous Afghanistan withdrawal.

What an embarrassment.
pic.twitter.com/lRStWCs80i

— Chad Prather (@WatchChad) August 14, 2024

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Adults running things.

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It was done on purpose. It's called "appeasement" - and it never works.

Ask Neville Chamberlain...

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Wufpack17 said:

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I genuinely have never understood why people think the government/politicians are trying to help them. These entities are power hungry. All they believe in is control, if you don't believe it, just look at the thousands of laws/regulations we have on the books. The Fed certainly was NEVER intended to be as large as it is.

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GuerrillaPack said:

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Wufpack17 said:

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I don't really believe in this idea that our leaders are all communists.

What I do believe is they are all power hungry and people who believe they know what is best. They created an intelligence agency that is the most powerful government entity on the planet. They created laws that make it legal for the feds to spy on you without a warrant. They created so many laws and regulation's that all of us are breaking one as we speak. What better way to keep people in check than by having a method in which you can threaten an arrest at any given time?

We went from little taxation to being one of the most heavily taxed nations on earth. That doesn't help anyone. They pretend it's to "pay for government programs and infrastructure". We all know that is a crock of ***** Taxes are all about control.

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It is a fact that all "Leftist" political movements are ideologically rooted in Marxism/communism. The Democrat party has been "closet" Marxists for many decades, going back to FDR with the enactment of "The New Deal" and the Social Security system, with many obvious socialist policies.

And the problem with the Republican party is that it has been infiltrated at the highest levels (and filtering down to lower levels from the top) with RINOs, who are closet Leftists (Marxists) and only pretend to be "conservatives".

Talking about all these taxes...look at the first 2 planks of the Communist Manifesto. #1 is calling for property taxes ("rent on land"), and #2 is calling for the income tax. Our governments have been implementing Marxist policies, for taxing the population into oblivion and government takeover of nearly every aspect of our lives. Now, of course that doesn't mean that every politician in the U.S. federal and state governments who implemented these policies over the past 70-80 years has knowingly and willfully been implementing communist or Marxist policies. Many of them were just oblivious and ignorant to the fact that they were implementing the Marxist agenda by implementing those policies -- being sold on the "necessity" or "benefit" of enacting those policies by leaders within their party who were devout Marxists.

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Jtbridges317 said:

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Civilized said:

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caryking said:

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It's funny how Civ, and that other person, tries to contend that inflation has settled down…

If so, why this campaign slogan?

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LOL @ "tries to contend."

Every economist in the world that doesn't have a Trump University diploma hanging on their wall agrees that inflation is way down and effectively back to normal.

What are we even talking about?

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That's great that it's back to normal, if only prices were like they were ya know, 4 years ago

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Bas2020 said:

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GuerrillaPack said:

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The name "Tampon Tim" has been cemented.

It's so popular now that the communist Lamestream media is responding to this name by defending Walz for putting tampons in the boys' bathrooms and saying that Walz should be proud of the name "Tampon Tim"...Lololol

https://instagr.am/p/C-lUQbUJDzw

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I've talked to several people this week who don't follow politics at all but they brought up the "Tampon Guy".. he's a National joke at this point .

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“The future of America has to be Muslim”… so they want the democrats in office. Wait until you hear why they vote for democrats!

What do you think? pic.twitter.com/ysqUd2KMhU

— Lisa 💃🏻💋🌹🍷 (@Lisahudsonchow7) August 14, 2024

Werewolf said:

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“The future of America has to be Muslim”… so they want the democrats in office. Wait until you hear why they vote for democrats!

What do you think? pic.twitter.com/ysqUd2KMhU

— Lisa 💃🏻💋🌹🍷 (@Lisahudsonchow7) August 14, 2024

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Gulfstream4 said:

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Werewolf said:

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but, but, but...........#daSieve

BUSTED: The Kamala Harris campaign admits it conducted a massive online misinformation scheme with the help of Google. Google claims a glitch in its system allowed the Harris campaign to run counterfeit headlines that appeared to originate from the AP and Reuters. pic.twitter.com/bnUBCygPBb

— @amuse (@amuse) August 14, 2024

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I'm so old I remember when our liberal friends would wail pitifully about misinformation. What changed?

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If they're willing to try and force tens of millions of people to inject an experimental genetic toxin in order to have a job in corporate America, which is exactly what they did, then there is literally nothing these people won't try. https://t.co/lFSFl1F6Dg

— Steve Deace (@SteveDeaceShow) August 15, 2024

packofwolves said:

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But Kamala said she is tough on crime!

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Wufpack17 said:

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Regarding "price controls", there is subtle ways to have "price controls" without having price controls. They will use some department of unelected individuals to "investigate claims of price gouging". These investigations will be accompanied with astronomical fees, time, etc. Ultimately they will find them "guilty" of price gouging then tell the companies they can "appeal the findings" which will just cost more time and money.

Basically, these companies will have allegations levied against them and this occurs outside the judicial system so they won't have a way to defend themselves. Whatever these people say, goes.

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Wufpack17 said:

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FlossyDFlynt said:

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On Friday in North Carolina, Vice President Harris intends to announce a plan to prevent corporations in the food and grocery industries from unfairly jacking up prices on consumers, by imposing the first-ever federal ban on corporate price-gouging in these industries.

— Yamiche Alcindor (@Yamiche) August 15, 2024

I am begging for anyone in DC to please pick up a history book at some point. Ask Soviet Russia how this policy went

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Grocery retail operates on just a 1% profit margin…

Harris is a total and complete dumbass.

When stores close and create MORE food deserts, blame Harris, not the companies.

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