Biden needs to step aside

[yellowstone123]

Ok. So then you are for using facts as the basis for discussion and are going to come back to explain how your earlier comments on inflation aren't based on Trump talking points and inference but an understanding of the economics behind the spike in inflation?

I have never taken a class in economics so I I'm not sure about spike inflation.

I will say that within a short time after becoming President Biden shutdown the Keystone pipeline. This was also a time when the pandemic began to take off. If you decrease the availability of domestic energy and you need to go out of the country to get it will the price (of gas or diesel) likely increase or decrease? Now since we use trucks who use this fuel for the delivery, will the cost be passed on to the consumer?

How about today and the price of a cheeseburger. The fact that the State of California has 20 dollars plus wage for an employee will it likely decrease or increase the price of a cheeseburger? I also notice they only have two or three employees instead of six or seven which they use to have. I can tell that A.I. is taking your drive-through orders which decreases the need for employees. I'm sure Koch family members are giving each other high-fives.

I also just finished a short biography on Leon Trotsky and was reading how he visited New York City in the 1930's and refused to leave a tip for waiters because he believed that they deserved a living wage and so did not tip. Almost all the waiters refused to serve him except one who eventually took pity on him and took his order even though he knew he would not likely get a tip.

I will ask will any of the things I mentioned cause inflation.

[Doctor CamNC4Me]

When money is cheap and cheap to borrow, more people borrow it so they can buy, say, a house. But because money is cheap, more people can get more money to buy houses, prices spike because everyone is hot to buy a house. Inventory drops because homes are being snapped up, so prices go KA-BOOM. Now other sectors spike because tons of people refinanced their homes with cheap money, so they buy things. Another price spike. Wages go up, and KA-BOOM, another spike, because ‘Greed is Good’.

When lots of cheap money floods the market, KA-BOOM. Inflation.

The only way to cool inflation is to make money expensive, and restrict capital flowing into the market. If you don’t do that, and keep money cheap, prices spiral upward. And it can happen fast, as we’ve seen.

Biden actually saved our asses, and hardly anyone understands it.

- Doc

[yellowstone123]

When money is cheap and cheap to borrow, more people borrow it so they can buy, say, a house. But because money is cheap, more people can get more money to buy houses, prices spike because everyone is hot to buy a house. Inventory drops because homes are being snapped up, so prices go KA-BOOM. Now other sectors spike because tons of people refinanced their homes with cheap money, so they buy things. Another price spike. Wages go up, and KA-BOOM, another spike, because ‘Greed is Good’.

When lots of cheap money floods the market, KA-BOOM. Inflation.

The only way to cool inflation is to make money expensive, and restrict capital flowing into the market. If you don’t do that, and keep money cheap, prices spiral upward. And it can happen fast, as we’ve seen.

Biden actually saved our asses, and hardly anyone understands it.

- Doc

Thanks, Doc! What would happen if we slowed the printing of federal reserve notes and stopped funding our so-called allies' wars and kept it back home to pay off our debt?

I've been listening to and reading a lot of Robert Wright's thoughts and his NonZero podcast. He basically says Israel is wrong and talks at times about Zero Sum Games. I know I tried to understand what you wrote about it a short time back on zero sum games.

Wright's thoughts are making me reevaluate a lot of things that I thought were right.

[honorentheos]

Gas is another complicated topic. We are the largest producers of oil in the world and have been for years. The surge in production started under Obama and has hardly slowed down. This, despite a very real concern about the effects of burning all of the oil.

https://oilprice.com/Latest-Energy-News ... -Year.html

But we don't refine our own oil because our refineries are setup to refine lower quality oil like that coming out of Canada. There are a lot of factors that make our domestic production less impactful on our energy and economic independence than one may wish. This article from after the spike in prices following the Russian invasion of Ukraine helps summarize them:

https://www.rewiringamerica.org/circuit ... dependence

As noted in the article, our best bets to achieve energy independence don't lie in oil production or refinement but in moving to more distributed electrical sources.

You have to be careful extrapolating one's own anecdotal experience into explanations for why the world is as it is. Lots of folks exploit that and the biggest tell? Limited reliance on data and the data provided being easily contradictory. So the fall back argument becomes one about asking if you'll trust your own eyes or what some expert is telling you with the implication being the experts are lying to you. They could be, of course. And that's why we have critical thinking techniques everyone should be employing regularly.

[yellowstone123]

Gas is another complicated topic. We are the largest producers of oil in the world and have been for years. The surge in production started under Obama and has hardly slowed down. This, despite a very real concern about the effects of burning all of the oil.

https://oilprice.com/Latest-Energy-News ... -Year.html

But we don't refine our own oil because our refineries are setup to refine lower quality oil like that coming out of Canada. There are a lot of factors that make our domestic production less impactful on our energy and economic independence than one may wish. This article from after the spike in prices following the Russian invasion of Ukraine helps summarize them:

https://www.rewiringamerica.org/circuit ... dependence

As noted in the article our best bets to achieve energy independence don't lie in oil production or refinement but in moving to more distributed electrical sources.

You have to be careful extrapolating ones own anecdotal experience into explanations for why the world is as it is. Lots of folks exploit that and the biggest tell? Limited reliance on data and the data provided being easily contradictory. So the fall back argument becomes one about asking if you'll trust your own eyes or what some expert is telling you with the implication being the experts are lying to you. They could be, of course. And that's why we have critical thinking techniques everyone should be employing regularly.

Thanks honorentheos: I was reading this post today that expresses concerns on Biden's policies and the need for abundant electricity.

https://thehill.com/opinion/4746792-cle ... tens-grid/

[Doctor CamNC4Me]

When money is cheap and cheap to borrow, more people borrow it so they can buy, say, a house. But because money is cheap, more people can get more money to buy houses, prices spike because everyone is hot to buy a house. Inventory drops because homes are being snapped up, so prices go KA-BOOM. Now other sectors spike because tons of people refinanced their homes with cheap money, so they buy things. Another price spike. Wages go up, and KA-BOOM, another spike, because ‘Greed is Good’.

When lots of cheap money floods the market, KA-BOOM. Inflation.

The only way to cool inflation is to make money expensive, and restrict capital flowing into the market. If you don’t do that, and keep money cheap, prices spiral upward. And it can happen fast, as we’ve seen.

Biden actually saved our asses, and hardly anyone understands it.

- Doc

Thanks, Doc! What would happen if we slowed the printing of federal reserve notes

Well, the dollar would strengthen, and the economy would probably drop through the floor based on lots of factors that are too extensive to get into.

and stopped funding our so-called allies wars and kept it back home to pay off our debt?

Russia and China would fill the power vacuum, and the world order would collapse since American diplomacy would be near zero. China and India probably go hot, China and Taiwan definitely go hot, India and Pakistan probably go hot, Russia would take the rest of Georgia, Ukraine, and invade the Baltic states - WW3 probably ensues since Europe doesn’t have the backing of the US. China probably exerts hegemonic power in and around the south China sea, possibly kicking off another hotspot war with Vietnam and/or the Philippines. Russia and China definitely carve up Africa and its exploitation continues. The US becomes weird and cultish as the world turns away from us.

- Doc

[honorentheos]

Gas is another complicated topic. We are the largest producers of oil in the world.and have been for years. The surge in production started under Obama and has hardly slowed down. This, despite a very real concern about the effects of burning all of the oil.

https://oilprice.com/Latest-Energy-News ... -Year.html

But we don't refine our own oil because our refineries are setup to refine lower quality oil like that coming out of Canada. There are a lot of factors that make our domestic production less impactful on our energy and economic independence than one may wish. This article from after the spike in prices following the Russian invasion of Ukraine helps summarize them:

https://www.rewiringamerica.org/circuit ... dependence

As noted in the article our best bets to achieve energy independence don't lie in oil production or refinement but in moving to more distributed electrical sources.

You have to be careful extrapolating ones own anecdotal experience into explanations for why the world is as it is. Lots of folks exploit that and the biggest tell? Limited reliance on data and the data provided being easily contradictory. So the fall back argument becomes one about asking of you'll trust your own eyes or what some expert is telling you with the implication being the experts are lying to you. They could be, of course. And that's why we have critical thinking techniques everyone should be employing regularly.

Thanks honorentheos: I was reading this post today that expresses concerns on Biden's policies and the need for abundant electricity.

https://thehill.com/opinion/4746792-cle ... tens-grid/

The opinion piece by a Republican Senator from coal country and Republican rep from Ohio states the move to renewable energy sources is concerning?

Huh.

So for context, it helps to recognize we are falling short of the carbon reduction needs to keep global average temps below the 1.5 degree increase above preindustrial levels where the worst of the climate change modeled consequences become unavoidable. The law is forced compliance for good reason.

[Dr. Shades]

Thanks, Doc! What would happen if we slowed the printing of federal reserve notes and stopped funding our so-called allies wars and kept it back home to pay off our debt?

Russia and China would fill the power vacuum, and the world order would collapse since American diplomacy would be near zero. China and India probably go hot, China and Taiwan definitely go hot, India and Pakistan probably go hot, Russia would take the rest of Georgia, Ukraine, and invade the Baltic states - WW3 probably ensues since Europe doesn’t have the backing of the US. China probably exerts hegemonic power in and around the south China sea, possibly kicking off another hotspot war with Vietnam and/or the Philippines. Russia and China definitely carve up Africa and its exploitation continues. The US becomes weird and cultish as the world turns away from us.

That sounds like a lot of doom-and-gloom speculation. I predict that none of those things would happen except for China trying to take Taiwan.

[honorentheos]

Russia and China would fill the power vacuum, and the world order would collapse since American diplomacy would be near zero. China and India probably go hot, China and Taiwan definitely go hot, India and Pakistan probably go hot, Russia would take the rest of Georgia, Ukraine, and invade the Baltic states - WW3 probably ensues since Europe doesn’t have the backing of the US. China probably exerts hegemonic power in and around the south China sea, possibly kicking off another hotspot war with Vietnam and/or the Philippines. Russia and China definitely carve up Africa and its exploitation continues. The US becomes weird and cultish as the world turns away from us.

That sounds like a lot of doom-and-gloom speculation. I predict that none of those things would happen except for China trying to take Taiwan.

Geopolitically and historically, the global order that followed WWII has been an anomaly largely attributed to the US and allies taking a global role in supporting rather than attempting to conquer and occupy. This has involved becoming the world's navy that makes global trade possible, and as the defacto muscle that gives the United Nations the clout the League of Nations lacked. An isolationist US is going to affect global trade, and almost certainly result in more regional power competitions throughout the world that include more national conflicts. The Middle East has been one of the least economically integrated regions in this period in no small measure due to the single resource (oil) basis of the economy, and it has been a hornets nest of conflict between nations. It's very likely a pullback of US influence in the world will result in more regions reflecting that model than otherwise. India and Pakistan will almost certainly go hot with the possibility of a nuclear exchange on the table. Russia took advantage of what it thought was a weakened commitment to NATO by the US to invade Ukraine, and their psyops works hard to soften Western support for Ukraine.

You may think what you did and what Cam shared are equally possible spitballs based on preference. But there is a qualitative difference with Cam's comments paralleling geopolitical analysis and yours reflecting the desired aims of Russian and Chinese propaganda.

[Dr. Shades]

That sounds like a lot of doom-and-gloom speculation. I predict that none of those things would happen except for China trying to take Taiwan.

Geopolitically and historically, the global order that followed WWII has been an anomaly largely attributed to the US and allies taking a global role in supporting rather than attempting to conquer and occupy.

Agreed.

This has involved becoming the world's navy that makes global trade possible, . . .

No, that's the merchant marine, not the U.S. Navy.

. . . and as the defacto muscle that gives the United Nations the clout the League of Nations lacked.

"Muscle" costs money. Lots of it. Rather than saddling ourselves, our businesses, our children, and our grandchildren with oppressive debt in the form of deficit spending, said muscle could've easily been used to defend the United States proper and its territories instead of the U.N.

An isolationist US is going to affect global trade, . . .

Who said anything about isolationism? Robust global trade is a very good thing.

. . . and almost certainly result in more regional power competitions throughout the world that include more national conflicts.

Correct.

The Middle East has been one of the least economically integrated regions in this period in no small measure due to the single resource (oil) basis of the economy, and it has been a hornets nest of conflict between nations.

Are you telling me something I don't already know?

It's very likely a pullback of US influence in the world will result in more regions reflecting that model than otherwise.

Your point being . . . ?

India and Pakistan will almost certainly go hot with the possibility of a nuclear exchange on the table.

No, they will not "almost certainly" go hot. It's not like the U.S.A. is preventing them from doing so now if they so desired.

Russia took advantage of what it thought was a weakened commitment to NATO by the US to invade Ukraine, and their psyops works hard to soften Western support for Ukraine.

No, Russia invaded in order to prevent it from joining NATO and thereby bringing a hostile alliance to its own doorstep.

You may think what you did and what Cam shared are equally possible spitballs based on preference. But there is a qualitative difference with Cam's comments paralleling geopolitical analysis and yours reflecting the desired aims of Russian and Chinese propaganda.

I don't care about Russian and Chinese propaganda. I only care about my own country and, in particular, the ever-ballooning deficit on which my ever-increasing taxes pay the interest.