Biden’s Stimulus is sending inflation through the roof!

Soul On Ice

Democrat 1st!
Certified Pussy Poster
So... revolution? Are you going to storm the Capitol, the white house, Supreme court and kidnap/kill all of the bankers gatekeepers of the system?

Crypto is a threat and they are working to kill/manage it.

Just like the oil industry and lobbying jack asses are delaying solar until they can claim ownership of the sun.

The people are the frogs in the pot of boiling water. They may never jump out.
While that would get it done, we need people at the minimum, to stop running interference when people do try to challenge the status quo.

It's always something like " Politician X did this shitty thing"
Their response "so did Politican V from the opposite party, who cares?!"

That's why we never progress in this country
 

Soul On Ice

Democrat 1st!
Certified Pussy Poster
200.gif
Do they pay you in butter biscuits Pussymouf?
:confused:
And how many?
:itsawrap:
 

VAiz4hustlaz

Proud ADOS and not afraid to step to da mic!
BGOL Investor
As a native Washingtonian and University of Maryland graduate in Economics, with friends on the Hill, let me set the record straight here..

Those politicians you’re asking to represent you, simply do not and never will. Most, if not all, are in bed with those corporations that wanna fuck everybody day in and day out and are happy to do it. Their pockets are lined and will continue to be lined, with the corporations best interest at heart.

Ever wonder why Ted Cruz be everywhere BUT Texas? He don’t give a shit about Texans lol.

Ever wonder why infrastructure is 3rd world here? We have no bullet train anywhere while Japan is living in 2050? Where does that money go? Some invisible national debt?

They’re selling you, and everyone who believes in this political process, smoke. And don’t take my word for it, just look around you. The proof is everywhere. Especially leaving your wallet, dollar for dollar.

You can elect every cycle til your dead and gone, and whatever state you’re in, your politicians will never give two fucks about you. They’re gonna take your states tax dollars and spend it on swanky downtown restaurants and luxurious getaways every chance they get. All on your dime. I’ve seen it firsthand.

I know a woman who’s a budget analyst for a law firm that represents an unnamed Senator here on K Street.

She shared an itemized bill with me recently for 3 people that included:

- 9 Patron shots: $720
- 2 Tomahawk Steaks: $1475
- 1 Caesar wedge: $340
- Tip: $75

You think that’s reasonable? When gas, food and rent is skyrocketing for the average man? You are 100% correct when you say they are sitting on their hands doing absolutely nothing about this. They aren’t and they won’t cause they wanna keep doing that.

Best bet is to listen to actual economists and people who are outside of Washington and the politics of this town all together.

There needs to be a economic revolution and a banding of those at the bottom via boycott, redistribution of dollars and all out economic war on this system, because trust and believe, politicians, judges, police, and corporations are all working together to keep this inflation up and down, for the rest of our lives.

Mad stingy with the tip, too!! :lol:
 

DJCandle

Well-Known Member
BGOL Investor
I basically said this, but in this "secure the bag" social media era it won't happen. People simply can't or won't do what needs to be done.

Shit, please couldn't wait to go out to eat, go on cruises and spend money during a global fucking pandemic!

What economic system exists on this planet that is really equitable for the average person? Human nature will always produce people that will do anything to take from you and yours.
Spot on. There really isn’t one except for a healthy balance between capitalism and socialism. That’s as ideal as it would ever come. Cap on the wealthy and rebuild the middle class.

But average joes think they’ll become billionaires tomorrow so as long as they believe that, everyone else will suffer.
 

DJCandle

Well-Known Member
BGOL Investor
Wow.
Thank you so much for your response. I understand fully where you are coming from.
The lady in this very post has/had a sig that says "more than half of Americans dont vote" or something like that. I brought this up to her that people are hip to game and understand that their representatives do shit jobs and are bought and paid for.
Smh
When people like me try to change the status quo, we get called names, and accused of being attached to the party they dont like.
Shits sad and frustrating AF bro.
Both parties are culpable. Nobody is innocent. Left or right.

Identity politics pit talking points vs talking points when really the strength comes from putting those points down and uniting.

All these corporations understand is their bottom lines. Start chipping away at that and watch them crack under pressure.

This pandemic proved that the Gov can function swiftly and quickly, IF AND WHEN they want to.

They make a conscious decision everyday, not to though.
 

Soul On Ice

Democrat 1st!
Certified Pussy Poster
Both parties are culpable. Nobody is innocent. Left or right.

Identity politics pit talking points vs talking points when really the strength comes from putting those points down and uniting.

All these corporations understand is their bottom lines. Start chipping away at that and watch them crack under pressure.

This pandemic proved that the Gov can function swiftly and quickly, IF AND WHEN they want to.

They make a conscious decision everyday, not to though.
I detect no lies
 

xfactor

Rising Star
BGOL Investor
As a native Washingtonian and University of Maryland graduate in Economics, with friends on the Hill, let me set the record straight here..

Those politicians you’re asking to represent you, simply do not and never will. Most, if not all, are in bed with those corporations that wanna fuck everybody day in and day out and are happy to do it. Their pockets are lined and will continue to be lined, with the corporations best interest at heart.

Ever wonder why Ted Cruz be everywhere BUT Texas? He don’t give a shit about Texans lol.

Ever wonder why infrastructure is 3rd world here? We have no bullet train anywhere while Japan is living in 2050? Where does that money go? Some invisible national debt?

They’re selling you, and everyone who believes in this political process, smoke. And don’t take my word for it, just look around you. The proof is everywhere. Especially leaving your wallet, dollar for dollar.

You can elect every cycle til your dead and gone, and whatever state you’re in, your politicians will never give two fucks about you. They’re gonna take your states tax dollars and spend it on swanky downtown restaurants and luxurious getaways every chance they get. All on your dime. I’ve seen it firsthand.

I know a woman who’s a budget analyst for a law firm that represents an unnamed Senator here on K Street.

She shared an itemized bill with me recently for 3 people that included:

- 9 Patron shots: $720
- 2 Tomahawk Steaks: $1475
- 1 Caesar wedge: $340
- Tip: $75

You think that’s reasonable? When gas, food and rent is skyrocketing for the average man? You are 100% correct when you say they are sitting on their hands doing absolutely nothing about this. They aren’t and they won’t cause they wanna keep doing that.

Best bet is to listen to actual economists and people who are outside of Washington and the politics of this town all together.

There needs to be a economic revolution and a banding of those at the bottom via boycott, redistribution of dollars and all out economic war on this system, because trust and believe, politicians, judges, police, and corporations are all working together to keep this inflation up and down, for the rest of our lives.
Hard to convince the “vote or die” crowd this. They don’t get it and probably never will. They still think they have a vote for POTUS.

not voting for one major election cycle is the best thing they could do but they are too cowardly.
 

xfactor

Rising Star
BGOL Investor
And you see the intelligent response gif ................. :smh:
@blackpepper doesn’t have any answers but doesn’t have any humility either. A lot of people are going to be hurting financially and continuing to look to the caveman to save them. That will never happen. But if a so-called black man in the “millennial generation” provides economic guidance that has been proven prophetic he will misdirect. No diifferent than the rest of the old, lost coons.

I got respect for the ancestors that set their descendants up with resources but a lot have done nothing but pass down generational curses and debt :smh:
 

Camille

Kitchen Wench #TeamQuaid
Staff member
Don't vote crew: The presidency does not affect me. Nothing the president does will make my life better or worse. The sooner you realize you are wasting your time voting for president and voting in general the better off you'll be.

Also the don't vote crew: Biden's stimulus is sending inflation through the roof! Biden's America: Gas prices and long lines! Biden's America: Trans folk everywhere! Biden's America: Eek, eek, eek!! The sky is falling and the world is ending because it's Biden's America!!!
 

Mrfreddygoodbud

Rising Star
BGOL Investor
While the stimulus was going, inflation was strong but

not a factor and the economy was booming, Yall criminal

govt, always manages to find away to fuck up things that

work for the people.. and make sure, its gets broke,

and doesnt work... They stopped the stimulus

years ago..

BUt inflation which is just another word for,

We are taking your money and there is nothing you can do about it

because we dumbed you down so much, you dont know who the enemy is,

and whether you are coming or going..

Well Im here to tell you, YOUR ENEMY IS YOUR VERY OWN DEFUNCT CRIMINAL

govt WHO ARE HELPING FOREIGN ENTITIES ROB US BLIND..

a private corporation called the federal reserve mind fucked us into thinkin

they are actually part of the govt and they are NOT yet, they have complete control

over all our money.

Being a dumbed down nation sure works in favor of the wealthy, who throw it in our faces

all the time they reap trillions in profits

How the fuck does a private corporation have complete control of our MONEY.

and WHY THE FUCK IS THAT STILL HAPPENING..

the federal reserve and all its board members need to be arrested..

living in a dumbed down society sucks ass!!
 

DJCandle

Well-Known Member
BGOL Investor
Don't vote crew: The presidency does not affect me. Nothing the president does will make my life better or worse. The sooner you realize you are wasting your time voting for president and voting in general the better off you'll be.

Also the don't vote crew: Biden's stimulus is sending inflation through the roof! Biden's America: Gas prices and long lines! Biden's America: Trans folk everywhere! Biden's America: Eek, eek, eek!! The sky is falling and the world is ending because it's Biden's America!!!
 

VAiz4hustlaz

Proud ADOS and not afraid to step to da mic!
BGOL Investor

Consumer prices rose 3.5% from a year ago in March, more than expected​

PUBLISHED WED, APR 10 2024

KEY POINTS
  • The consumer price index, a key inflation gauge, rose 3.5% in March, higher than expectations and marking an acceleration for inflation.
  • Shelter and energy costs drove the increase. Energy rose 1.1% after increasing 2.3% in February, while shelter costs were higher by 0.4% on the month and up 5.7% from a year ago.
  • Following the report, traders pushed the first expected rate cut out to September, according to CME Group calculations.
The consumer price index accelerated at a faster-than-expected pace in March, pushing inflation higher and likely dashing hopes that the Federal Reserve will be able to cut interest rates anytime soon.

The CPI, a broad measure of goods and services costs across the economy, rose 0.4% for the month, putting the 12-month inflation rate at 3.5%, or 0.3 percentage point higher than in February, the Labor Department’s Bureau of Labor Statistics reported Wednesday. Economists surveyed by Dow Jones had been looking for a 0.3% gain and a 3.4% year-over-year level.

Excluding volatile food and energy components, the core CPI also accelerated 0.4% on a monthly basis while rising 3.8% from a year ago, compared with respective estimates for 0.3% and 3.7%.

Stocks slumped after the report while Treasury yields spiked higher.

Shelter and energy costs drove the increase on the all-items index.

Energy rose 1.1% after climbing 2.3% in February, while shelter costs, which make up about one-third of the weighting in the CPI, were higher by 0.4% on the month and up 5.7% from a year ago. Expectations for shelter-related costs to decelerate through the year have been central to the Fed’s thesis that inflation will cool enough to allow for interest rate cuts.

Food prices increased just 0.1% on the month and were up 2.2% on a year-over-year basis. There were some big gains within the food category, however.

The measure for meat, fish, poultry and eggs climbed 0.9%, pushed by a 4.6% jump in egg prices. Butter fell 5% and cereal and bakery products declined by 0.9%. Food away from home increased 0.3%.

Elsewhere, used vehicle prices fell 1.1% and medical care services prices rose 0.6%.

Increasing inflation was also bad news for workers, as real average hourly earnings were flat on the month and increased just 0.6% over the past year, according to a separate BLS release.

The report comes with markets on edge and Fed officials expressing caution about the near-term direction for monetary policy. Central bank policymakers have repeatedly called for patience on cutting rates, saying they have not seen enough evidence that inflation is on a solid path back to their 2% annual goal. The March report likely confirmed worries that inflation is stickier than expected.

Markets had expected the Fed to start cutting interest rates in June with three reductions in total expected this year, but that shifted dramatically following the release. Traders in the fed funds futures market pushed expectations for the first cut out to September, according to CME Group calculations.

“There’s not much you can point to that this is going to result in a shift away from the hawkish bent” from Fed officials, said Liz Ann Sonders, chief investment strategist at Charles Schwab. “June to me is definitively off the table.”

The Fed also expects services inflation to ease through the year, but that has shown to be stubborn as well. Excluding energy, the services index increased 0.5% in March and was at a 5.4% annual rate, inconsistent with the Fed’s target.

This marks the third consecutive strong reading and means that the stalled disinflationary narrative can no longer be called a blip,” said Seema Shah, chief global strategist at Principal Asset Management. “In fact, even if inflation were to cool next month to a more comfortable reading, there is likely sufficient caution within the Fed now to mean that a July cut may also be a stretch, by which point the US election will begin to intrude with Fed decision making.”

Later Wednesday, the Fed will release minutes from its March meeting, providing more insight into where officials stand on monetary policy.
Multiple Fed officials in recent days have expressed skepticism about lowering rates. Atlanta Fed President Raphael Bostic told CNBC that he expects just one cut this year, likely not coming until the fourth quarter. Governor Michelle Bowman said an increase may even be necessary if the data does not cooperate.

 

CoTtOnMoUf

DUMBED DOWN TO BLEND IN
BGOL Legend
You faggits in here getting all happy with today's reporting, but you're dumber than I thought if you think your orange Jesus is going to win in November! Just like in 2020, he's going to be a big fat loser, and all you boot licking bitches will stfu, once again!


chapelle-charlie-murphy.gif
 

VAiz4hustlaz

Proud ADOS and not afraid to step to da mic!
BGOL Investor
You faggits in here getting all happy with today's reporting, but you're dumber than I thought if you think your orange Jesus is going to win in November! Just like in 2020, he's going to be a big fat loser, and all you boot licking bitches will stfu, once again!

5ecfe7e685db3.jpeg


Rose-Are-Red-Kamala-Aint-Black-If-You-Voted-For-Biden-You-Mustve-Been-On-Crack-1.jpg
 
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