time2roll
Southern California
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ShinerBock wrote:time2roll wrote:More like get vaccinated and get back to work far more than any shutdown. I remember there would be vaccinations available to everyone and 4th of July 2021 was going to be the new freedom with 95+% of the population vaccinated.
Of course there was a lot of resistance to getting vaccinated and any mandates went nowhere. We have seen the enemy and it is ourselves ![[emoticon]](https://forums.goodsamclub.com/sharedcontent/cfb/images/wink.gif "wink")
The last administration printed more than any one previous or since.
But that was not the case. Many blue states still shut down or shuttered even after the vaccine(unless you were rioting). The current administration supported these shut downs and even chastised red states like mine who stayed open.
Also, as you can see in the link federal reserve showing the amount of money in circulation. The money in circulation exploded in March 2020 after the bill signed by the current administration and the amount put in circulation during the previous administration was no where near the increase in the past two years. So I am not sure how you can say more was printed with the last administration when there wasn't that much of an increase in circulation unless they destroyed trillions of currency.
Currency in Circulation
I looked at your graph.
Jan 2017 to Jan 2021 1504 to 2093 is 147 average annual increase
Jan 2021 to jan 2022 2093 to 2233 is 140 during the first year.
The pressure has been building for probably a decade.
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ShinerBock
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time2roll
Southern California
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2017 to 2020 is 3 years
January 2020 the Covid situation was just ramping up.
(something disappeared)
* This post was
edited 06/29/22 03:45pm by time2roll *
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ShinerBock
LVTX
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time2roll wrote:ShinerBock wrote:time2roll wrote:More like get vaccinated and get back to work far more than any shutdown. I remember there would be vaccinations available to everyone and 4th of July 2021 was going to be the new freedom with 95+% of the population vaccinated.
Of course there was a lot of resistance to getting vaccinated and any mandates went nowhere. We have seen the enemy and it is ourselves
The last administration printed more than any one previous or since.
But that was not the case. Many blue states still shut down or shuttered even after the vaccine(unless you were rioting). The current administration supported these shut downs and even chastised red states like mine who stayed open.
Also, as you can see in the link federal reserve showing the amount of money in circulation. The money in circulation exploded in March 2020 after the bill signed by the current administration and the amount put in circulation during the previous administration was no where near the increase in the past two years. So I am not sure how you can say more was printed with the last administration when there wasn't that much of an increase in circulation unless they destroyed trillions of currency.
Currency in Circulation
I looked at your graph.
Jan 2017 to Jan 2021 1504 to 2093 is 147 average annual increase
Jan 2021 to jan 2022 2093 to 2233 is 140 during the first year.
The pressure has been building for probably a decade.
It was not pressure building over the past 10 years. The increases in the amount of circulation coincide with the covid stimulus packages. The first few packages, the left filed it with so much pork barrel spending(that had nothing to do with covid) that the previous administration fought to remove. The next administration wanted to add even more money than what was in the bill. This spending is was caused the need to print more money.
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time2roll
Southern California
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ShinerBock wrote:It was not pressure building over the past 10 years. The increases in the amount of circulation coincide with the covid stimulus packages. The first few packages, the left filed it with so much pork barrel spending(that had nothing to do with covid) that the previous administration fought to remove. The next administration wanted to add even more money than what was in the bill. This spending is was caused the need to print more money. Well if it is all because of the infrastructure bill you better hold onto your hat. We are just six months into a five year plan.
I am actually amazed that this has actually resulted in the world wide inflation at the same time.
Who knew we had such influence from building a few local projects.
* This post was
edited 06/29/22 03:56pm by time2roll *
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Grit dog
Black Diamond, WA
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time2roll wrote:ShinerBock wrote:It was not pressure building over the past 10 years. The increases in the amount of circulation coincide with the covid stimulus packages. The first few packages, the left filed it with so much pork barrel spending(that had nothing to do with covid) that the previous administration fought to remove. The next administration wanted to add even more money than what was in the bill. This spending is was caused the need to print more money. Well if it is all because of the infrastructure bill you better hold onto your hat. We are just six months into a five year plan.
I am actually amazed that this has actually resulted in the world wide inflation at the same time.
Who knew we had such influence from building a few local projects.
I think you're so far off, that you even quoted the wrong person....but assuming you meant my post about infrastructure work, what are you even talking about and how does infrastructure spending relate to what I said?
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ShinerBock
LVTX
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time2roll wrote:Well if it is all because of the infrastructure bill you better hold onto your hat. We are just six months into a five year plan.
I am actually amazed that this has actually resulted in the world wide inflation at the same time.
Who knew we had such influence from building a few local projects.
I never said it was all becuase of the infrastructure bill. In fact I never mentioned the infrastructure bill which is bill that releases money over time which requires smaller chuncks to be printed over time unlike the stimulus bills which requires money all at once.
I also never evens stated that the stimulus bills(like most countries around the world past at the same time) were the sole reason for inflation. I was just pointing out that while a president, governor, or legislator cannot control things like inflation and higher cost, they do have an significant influence from their actions and policies.
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fj12ryder
Platte City, MO
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Okay, I'm confused, is this about politics, or EV vs ICE up a hill? I mean I've seen thread drift, but this has gone waaaaaaaaaaaay beyond that.
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ShinerBock
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Also, what happens to the US dollar has a major effect on the world becuase the US dollar is world's reserve currency that is uses for many transactions and trades worldwide. If it is worth less here, then it is worth less everywhere.
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Grit dog
Black Diamond, WA
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fj12ryder wrote:Okay, I'm confused, is this about politics, or EV vs ICE up a hill? I mean I've seen thread drift, but this has gone waaaaaaaaaaaay beyond that.
Ha! I'm guilty as charged, but I traced it back to Fish and w2r! They started it! LOL
And then Fish boogied...chit stirrer!! LOL
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