Dollar Down 20% Since 2020, Biden Blames Greed

[NeoMetallix]

Assuming CPI measurements are not understatements, the dollar’s value has plummeted by a staggering one-fifth since 2020, yet, rather than acknowledging its role in fueling this economic turmoil, the Biden administration deflects, casting capitalism and corporate greed as the villains. The latest February CPI data show more signs of the upcoming inflation bloodbath.

The money supply has shrunk somewhat since early 2022, but on net, the money supply is up by $4.7 trillion since February 2020. That a 32 percent increase. With a current total money supply of approximately $19 trillion, this also means that 25 percent of all the dollars that have ever existed were created after 2020.

In other words, the covid-fueled monetary inflation set up today’s continuing price-inflation spree. The regime economists have repeatedly attempted to gaslight the public with claims of “falling inflation,” but consumers can see that groceries, housing fuel, and services are all significantly more expensive than they were just a few years ago.

SchiffGold

 

[fuzzems]

So greed didn't exist under Trump ? They only got "greedy" when Biden took office? So basically Biden can't control inflation but Trump could? Seems like he's making a case to re-elect Trump.

 

[MrDawn]

Seems like he's making a case to re-elect Trump.

Here's an example of this man's idiocrasy. Maybe Biden should have left the auto industry alone. It's a shining example on how this guy destroys everything he touches. Would you want a president that wants everyone, including the poor, to blow money on an electric car that they can't afford? Because this idiot is pushing dealerships to get rid of gas cars completely. These electric vehicles are extremely expensive. They don't work. These cars have tons and tons of issues. With inflation as high as it is, what money does he expect most people to buy them with? Not very smart on his part.

Biden Administration Announces Rule Aimed at Expanding Electric Vehicles

The regulation would essentially require automakers to sell more electric vehicles and hybrids by gradually tightening limits on tailpipe pollution.

www.nytimes.com

 

[fuzzems]

A lot of these Washington politicians think we all live big city lives. Um, there are very few EV charging stations anywhere NEAR my area. A lot of us live in rural areas. And we have weather like a lot of snow or cold temps that EVs don't like. And in some storms you can be stranded on the interstate for hours if there is a wreck. Can't imagine sitting in an EV during subzero temps and a blizzard sitting for hours hoping I don't run out of battery. No thank you.

And these batteries weigh 1000 lbs. Think of the load of these cars tearing up the highways. And if you fill up a car parking garage with them, that's an incredible load on the structure, that was not accounted for. Same for bridges. A bridge full of EVs with all the added weight.

Then what to do to dispose of these giant batteries? Changing a battery is like $15K. It's really silly. And why is mining rare earth minerals somehow better than mining abundant coal , shale or drilling for oil. Oil is NATURAL too. It's simply an agenda about CONTROL. That is all politics is and all it ever will be

 

[MrDawn]

A lot of these Washington politicians think we all live big city lives. Um, there are very few EV charging stations anywhere NEAR my area. A lot of us live in rural areas. And we have weather like a lot of snow or cold temps that EVs don't like. And in some storms you can be stranded on the interstate for hours if there is a wreck. Can't imagine sitting in an EV during subzero temps and a blizzard sitting for hours hoping I don't run out of battery. No thank you.

And these batteries weigh 1000 lbs. Think of the load of these cars tearing up the highways. And if you fill up a car parking garage with them, that's an incredible load on the structure, that was not accounted for. Same for bridges. A bridge full of EVs with all the added weight.

Then what to do to dispose of these giant batteries? Changing a battery is like $15K. It's really silly. And why is mining rare earth minerals somehow better than mining abundant coal , shale or drilling for oil. Oil is NATURAL too. It's simply an agenda about CONTROL. That is all politics is and all it ever will be

I think this is one of many reasons why more and more people are gravitating towards Trump with the 2024 presidential election. People don't want to be pushed into buying shit that they can't afford and especially people don't want illegal migrants invading the border. All I've seen Biden do since he became president, is throw fuel onto the fire. People know that if Trump were back in office, none of us would have to put up with the shit Biden has been doing.

 

[DrLeftover]

Can't we have another choice instead of either the Devil we Have or the Devil we Had?

 

[NeoMetallix]

So greed didn't exist under Trump ? They only got "greedy" when Biden took office? So basically Biden can't control inflation but Trump could? Seems like he's making a case to re-elect Trump.

Not what this article is conveying at all.

To summarize: Greed by corporations is not the reason why nominal prices are going up. It is going up because the dollar has lost 20% of its value in 3 years. It lost so much value because 25% of all dollars ever created were created during the pandemic. Point two of the article, inflation isn't as peachy as they are trying to claim on TV.

 

[MrDawn]

Can't we have another choice instead of either the Devil we Have or the Devil we Had?

Sadly, we get to see the rematch unfold again.