US turning into Venezuela

Of course it's an exaggeration to claim the US is literally going to become as a bad as Venezuela anytime soon, but I think he makes a good point and the comparison is valid.

Tucker Carlson: We Are Becoming Venezuela And Nobody Sees It Yet...


Tucker: Inflation is proof the people in charge are reckless and stupid - YouTube, Fox News, 5/18/2022

This is what I've been saying for a while now. The US is slowly becoming more like a Third World.

Right now we are seeing high rates of inflation and shortages of some basic products. While not anywhere near as bad as Venezuela, this is unprecedented in the US, in recent history within the last 40 years.

 

Sri Lanka is COLLAPSING and they won't even stop it | Redacted with Clayton Morris - YouTube, Redacted, June 1, 2022

 

Even Venezuela didnt 'become Venezuela' overnight. Venezuela traded access to its natural resources to international investors in exchange for loans to facilitate rapid developement. Now all their resources and their developement are owned by those investors who collect such high profit theres none left for the workers.

We're doing the same thing, but instead of calling it 'loans' we call it 'printing more money.' But the Federal Reserve that backs that printed money (technically the treasury prints it, but the Fed directs the printing and essentially owns the debt) is a private for-profit enterprise made up of investors. So we call it a different thing and we claim a different process, but its essentially the same thing and will lead to the same result- a nation of peasants permantly indebted to distant investors.

 

the right wants to turn the US into Russia

Inflation is due to Covid and our global change in spending habits

it will either go back to normal or wages will have to increase, or there will be a recession

will republicans block a min wage increase?

 

Amazing some people still take Tuckers BS for gospel.

Inflation is global and its causes are obvious, and temporary, so I guess he things the whole world is becoming like Venezuela although he is always focused in ripping the Unites States

 

true, during Trump the fed dumped trillions into the economy to keep the Trump economy afloat, now they are trying to reverse course and we will feel the pain

had it not been for Covid, they may have got away with it

"Fed Ups Its Wall Street Bailout to $690 Billion a Week as Media Snoozes" Oct 2019

https://wallstreetonparade.com/2019...ilout-to-690-billion-a-week-as-media-snoozes/

and

"The Federal Reserve Has Already Pumped $9-Trillion into Wall Street in the Past Six Months, and Now Is Offering Banks Another $1.5-Trillion" March 2020

https://needtoknow.news/2020/03/the...d-now-is-offering-banks-another-1-5-trillion/

 

Give me a break !! Inflation no matter the cause Biden is President and that DOPE has to repair it , each state can raise the minimum

 

It's insane that people watch him at all.

 

doesn't work like that, Biden can't undo what Trump or Covid did, it will jut take time now

 

You're asking for the impossible.

When the Fed goes after inflation, they kick the economy in the nuts. Like Volcker did in the 80s. That would just about kill the economy now, so the Fed is taking tiny little nibbles, usually 50 basis points.

But that will be slow, and require other things to help cool the economy.

One last thing, when the inflation is exogenous (coming from outside the country) there is nothing we can do about that. It's one of the reasons the Fed is making small moves.

The Boomers peak earning years gave us a good economy for longer than I expected. But the Boomers are retiring, which means their spending is going to decline. We are in a new era.

Old expectations can get us into a world of grief.

 

Are you saying numbnuts had nothing to do with it

 

Trump?

this is why we have inflation, that and the global change in spending habits during Covid

http://www.politicalforum.com/index.php?threads/us-turning-into-venezuela.599833/#post-1073484960

 

WRONG. The right wants to turn the States of America back into the United States of America. The right wants to return back to being a federated republic. The right wants to return back to constitutional rule.

The left wants to continue the downfall of the former USA. The left wants the former USA to be controlled by the Washington DC oligarchy. California and New York have already formed their own oligarchies within what were once States of America. The left wants to implement (and is already implementing) oppressive tyrannical communistic rule by "the elite" over "the peasants". Many leftists don't realize that they will also be "the peasants".

A virus cannot cause inflation, dude. Stop drinking the Kool-Aid.

Inflation is being caused by the "printing of dollars" at a faster pace than corresponding wealth is being added. Remember all of those "COVID checks" that you received? There is a price for doing that, and you are noticing those effects right now.

Define "global change in spending habits".

It won't. This inflation (and the corresponding price increases) is now permanently built into the system. There is no "going back".

Wages ARE increasing, but not nearly as fast as the rate of inflation is increasing. This is very bad, especially for poor and middle class people. If these people had brains, they would realize by now that they had it quite good under the Trump-era (wages increased far more than inflation did) and are now struggling to make ends meet under the Biden-era (wages increasing far less than inflation is).

Companies can only increase wages so much, as some work is only worth so much. If a company is forced to increase wages beyond that point, then those jobs go away (and possibly even the company itself). You see, price controls ALWAYS result in shortages. There are countless historical examples of price control implementation and the results have always been the same. One example is Jimmy Carter's price controls on gasoline. I'm too young for this, but maybe you are old enough to remember waiting in the long gas lines and the "odd/even license plate" days during the Carter days in the 70s? That was a direct result of implementing price controls on gasoline.

We're already IN a recession... Caused by Democrats and continuing to be made worse and worse and worse by Democrats.

The existence of a "minimum wage" (IOW, a price control on wages) does nothing other than destroy current and potential jobs. The extent of such job destruction is linked to how high or low one sets the "minimum wage" at.

Minimum wages only end up harming the very same people whom you are supposedly trying to help by implementing them. One's current wage > $0.00/hour once that job no longer exists.

A simple mindless job of packing flowers for $11/hour (for some young person looking for a first job or for some elderly person who is looking for something to do with their extra time to make a bit of money) currently cannot exist in the following areas of the country due to price controls:
Arizona
California
Colorado
Connecticut
Illinois
Maine
Maryland
Massachussets
Missouri
New Jersey
New Mexico
New York
Oregon
Rhode Island
Vermont
Washington
Washington DC

 

Tucker usually has pretty good takes on stuff.

Generally, yes.

Nope. Remember when the White House told us that this inflation would be "transitory"? Guess what dude, THEY LIED, per usual.

Most of the world is becoming (or already is) like Venezuela. Why must the States of America join them?

 

Trump didn't cause inflation, and neither did COVID.

 

He simply projects all of the Democrat-caused problems onto Republicans. He is very tribalistic that way. "Democrats good, Republicans bad". That's all he knows.

 

Neither Trump nor COVID caused inflation. Learn what inflation is and how it works. Learn how our federal government is structured, and read the Constitution that the Democrat Party (and RINOs within the Republican Party) currently ignore.

 

We'll see. You say inflation will never fall below 8%, and I say it will.

Injecting $6 trillion of new money to fight Covid and win elections certainly played a huge part in it.

 

I can't and wont believe it

 

"It won't. This inflation (and the corresponding price increases) is now permanently built into the system. There is no "going back"."

not so sure, we may even have deflation, which with our debt is even worse

 

what do you think Biden did to cause it then?

 

I watched most of the Tucker clip and came to the conclusion that most people ignore the racist in the room while they scream racist.

For example, I have this obnoxious neighbor (well, 3 blocks away, thank god) who thinks anyone who is white is inherently racist.
Now the other day while walking my dog, I saw a political sign in her yard endorsing a candidate for our county treasurer. Backstory: this person being endorsed succeeded a person who died during the pandemic approximately 1.5 years ago. I realized since the racist screaming racism endorsed this treasurer, the treasurer had to be black. Not knowing the color of the treasurer (but suspecting) I checked up on the Internet and sure enough the treasurer is black. The racist who claims everyone else is racist is ignoring the racist in the room (herself).

 

No one is trying to reverse course. Trump let em open the dam with Covid relief. Biden is letting them tear the dam down. You cant fix inflation by printing more money. They are making it worse on purpose.

 

Printing so much unbacked dollars

He canceled Operation Legend amid a record crime wave in US cities. encouraging crime

He weaponized the FBI to intimidate parents who show up at school board meetings

His war on fossil fuels helped drive domestic production down and gasoline prices through the roof

He greenlighted Russia’s Nord Stream 2 pipeline to Germany. Then Biden inappropriately pressured Ukrainian President Volodymyr Zelensky to accept Russian energy dominance over his country. Democrats impeached President Donald Trump for far less.

The 10 Worst Things Biden Did in 2021 | American Enterprise Institute - AEI

 

"Printing so much unbacked dollars"

Trump did that, in fact Trump spent more than any other president in US history has during one term

"His war on fossil fuels helped drive domestic production down and gasoline prices through the roof"

Trump did that, but driving foreign production down during covid, we have plenty of oil in the USA, the price is set globally

"He greenlighted Russia’s Nord Stream 2 pipeline to Germany. Then Biden inappropriately pressured Ukrainian President Volodymyr Zelensky to accept Russian energy dominance over his country. Democrats impeached President Donald Trump for far less."

that was a bad choice, but that was Germany's choice, not ours

"He canceled Operation Legend amid a record crime wave in US cities. encouraging crime"

if States want help, they can ask for help, the fed should not force it on them