US Goods Inflation

[Cyberfx1024 7,980]

15 hours ago, CanAm1980 said:

Did you watch the Panama Papers documentary? 

Do you have a link to that? I would honestly love to watch it since I have been intrigued by the whole thing. Did you know the guy who wrote was murdered?

 

[LIBrty4all 3,749]

3 minutes ago, Cyberfx1024 said:

Do you have a link to that? I would honestly love to watch it since I have been intrigued by the whole thing. Did you know the guy who wrote was murdered?

 

Amazon Prime has it.

 

Also (A shorter version, not sure how different it is?) : 

 

[Dashinka 24,487]

2 hours ago, Bug&Bug said:

Yes of course but only partially. Part gets filtered to the consumer, part on the corporation profits.

 

The reality is that there has been a huge (not well managed in many countries) worldwide crisis, therefore huge deficit, therefore taxes are going to increase like it or not. Corporate tax increases mean corporations will bear at least part of the burden, not 100% the consumer. 

You do realize that much of the crisis was manufactured by government(s) right?  You also seem to realize that corporations do not actually pay taxes, but rather pass that on to the consumers.  The simple fact that the Biden Admin. is lobbying for other countries to follow suit with a corporate tax increase leads me to believe that they at the WH understand this will put us (the US) in a bad position from a business investment position.

[Bug&Bug 147]

11 minutes ago, Dashinka said:

You do realize that much of the crisis was manufactured by government(s) right?  

Oh, you must be unaware that there has been a 1 in a 100 year pandemic going on for the last year. 

[Dashinka 24,487]

7 minutes ago, Bug&Bug said:

Oh, you must be unaware that there has been a 1 in a 100 year pandemic going on for the last year. 

1 in a 100 year pandemic?  Tell that to someone that lost someone (of the more than 35 million) to the currently ongoing AIDS/HIV pandemic, or the flu pandemics of the late 1950s and 1960s.

[Bug&Bug 147]

What does that even have to do with the covid crisis and the economic crisis it has created?? 

 

Sigh...

 

 

[Dashinka 24,487]

30 minutes ago, Bug&Bug said:

What does that even have to do with the covid crisis and the economic crisis it has created?? 

 

Sigh...

 

 

You brought up the mis-management of this current pandemic.  I tend to agree with you, it is being terribly mis-managed, especially as compared to the other major pandemics that have occurred in the last 100 years.  Here in the US, that mis-management will lead to much higher inflation and run-away government spending.  If you think the Feds (both Dems and GOP) will suddenly gain some sort of fiscal sanity with increased tax revenues I have a bridge to sell you.  

Edited May 5, 2021 by Dashinka

[LIBrty4all 3,749]

1 hour ago, Bug&Bug said:

Oh, you must be unaware that there has been a 1 in a 100 year pandemic going on for the last year. 

With the new data coming to light about the CDC calling for over-testing of samples from people, it is becoming more and more apparent that there were nowhere near the number of people infected that we were led to believe here in the US.  Not saying that covid isn't a real, just saying it isn't nearly as bad as the government is saying it is.

[Bug&Bug 147]

36 minutes ago, LIBrty4all said:

With the new data coming to light about the CDC calling for over-testing of samples from people, it is becoming more and more apparent that there were nowhere near the number of people infected that we were led to believe here in the US.  Not saying that covid isn't a real, just saying it isn't nearly as bad as the government is saying it is.

Im sorry this is absolute nonsense. 

 

Hospitals have been with no capacity. People have died because there was no capacity in hospitals. Millions have died and are still diying.

The world had to literally stop because hospitals were full. Which means economic crisis, inflation, etc. 

 

 

[Bug&Bug 147]

1 hour ago, Dashinka said:

You brought up the mis-management of this current pandemic.  I tend to agree with you, it is being terribly mis-managed, especially as compared to the other major pandemics that have occurred in the last 100 years.  Here in the US, that mis-management will lead to much higher inflation and run-away government spending.  If you think the Feds (both Dems and GOP) will suddenly gain some sort of fiscal sanity with increased tax revenues I have a bridge to sell you.  

I have honestly no idea what you are arguing about then.

I said the economic crisis and tax increase is inevitable because of the pandemic. Thats it. 

What that has to do with governments fabricating crisis, the AIDS epidemic or fiscal sanity I dont grasp. 

[Dashinka 24,487]

35 minutes ago, Bug&Bug said:

I have honestly no idea what you are arguing about then.

I said the economic crisis and tax increase is inevitable because of the pandemic. Thats it. 

What that has to do with governments fabricating crisis, the AIDS epidemic or fiscal sanity I dont grasp. 

As I said earlier this economic crisis was largely manufactured by government mismanagement, so now you are saying increased taxes are inevitable which it in itself is sad, because the government will not do anything with the increased taxes other than to spend it on more needless government programs and the debt will continue to spiral.  If the government really wants to show good faith, make some substantial spending cuts first to show the American people some real progress.

[Crtcl Rice Theory 2,432]

4 hours ago, Cyberfx1024 said:

Do you have a link to that? I would honestly love to watch it since I have been intrigued by the whole thing. Did you know the guy who wrote was murdered?

 

I had the trailer up above.  The "fictional" version , The Laundromat, is excellent and entertaining as well on Netflix.

[LIBrty4all 3,749]

8 hours ago, Bug&Bug said:

Im sorry this is absolute nonsense. 

 

Hospitals have been with no capacity. People have died because there was no capacity in hospitals. Millions have died and are still diying.

The world had to literally stop because hospitals were full. Which means economic crisis, inflation, etc. 

 

 

https://www.investmentwatchblog.com/cdc-finally-specifying-using-lower-ct-thresholds-for-pcr-tests-but-only-for-the-vaccinated/

 

Quote

Alas, the CDC has suddenly discovered the power of cycle thresholds on PCR testing in determining whether the positive results are real or meaningful. But here’s the problem: Where is this guidance when it comes to non-vaccinated people? As Berenson points out, a standard of 28 CTs applied to the general testing regime would preclude as many as 90% of cases from being recorded, especially when the virus is in low circulation.

 

[Nature Boy 2.0 8,370]

20 hours ago, Neonred said:

I'm looking forward to the economic boom that will come with increasing corporate taxes.

You above all are still a business man. What will you do if your taxes go up 12%

[Bug&Bug 147]

On 5/5/2021 at 4:48 PM, Dashinka said:

As I said earlier this economic crisis was largely manufactured by government mismanagement, so now you are saying increased taxes are inevitable which it in itself is sad, because the government will not do anything with the increased taxes other than to spend it on more needless government programs and the debt will continue to spiral.  If the government really wants to show good faith, make some substantial spending cuts first to show the American people some real progress.

I see, thanks for explaining.

 

I think we agree mostly then, just not fully. 

 

I think the western countries mismanaged the pandemic, ignoring it until it was too late, opening up to soon, having a terrible preparedness plan, no attempts to supressing the virus, etc. I dont think they fabricated the crisis, they just did a very [removed] job to mitigate it, making it a very long problem we are still in the middle of.  And therefore a consequence of that is long economic crisis.

 

Personally I would like to see spending cuts in military, a crackdown on the medical lobbies and on student debt so people are not crippled with stupid dept and money is injected into the economy. I also think social programs and unemployement are more needed that ever otherwise that will only create more recession at a fragile time.

But there really is not a good way forward. We are going to be in a hole for several years no matter what.

 

(Im not an economist so i might be totally wrong. This is just my view after a couple big economic crisises and recessions. )

Edited May 7, 2021 by TBoneTX
unacceptable word removed