Why the FED is lying

[bluedragon]

I'm watching the debate between Sperling, the mouthpiece for the WH and Cavuto, The Biden Economic Advisors just don't get this at all. 9.1 % inflation combined with 11.4% corporate inflation is killing this country. When the cards collapse the remnants of the Trump boom will be gone and the stupidity of the leftist socialist ideology will cripple this nation.



If there was a solution to fossil fuel, it's not now and not in the immediate future. Instead a slow steady transition that takes 20-30 years is more desirable than the push for right now. 2.7 million jobs is not NEW JOBS! Stop the rhetoric. Those jobs were jobs that closed during the pandemic. Supposed 11 million jobs are not dishwashers, they are tech jobs, engineering jobs and exactly where are the people to fill the needs of the actual employment sector? They aren't crossing the border and they are not dodging bullets on the corners of Chicago and NYC. Biden killed thousands of jobs in the closing of Keystone. He killed thousands of jobs in drilling. He killed thousands of jobs in the growth of the service sector. Every time some local government closes over Covid and kills advancements over masks (Fauci says the ones used are useless)

There are no $100,000 jobs in wind or solar. Those jobs are overseas because no one assembles turbines or solar panels in the US... and those jobs are not $100,000 plus.

The claims of the Democrats ..... We will reduce prescription drug prices because Medicare will be free to negotiate prices. Really? Unelected Administrators will negotiate reductions in prices and no one knows what those prices will be, but the Democrats claim they can get250 billion out of this? My bet is that they will never get close to the number claimed. but it justifies this deal....

15% flat tax on Corporate America will result in a 15-20% internal increase to consumers. But it sounds good to Democrats. This bill is a disaster and destined to drive the recession deep

Meanwhile, Xi told Biden to stuff it. "Don't play with fire." Send John Kerry to negotiate Climate with Xi. Maybe they'll find a rice paddy for John to work in.

 

[Hidden In Him]

15% flat tax on Corporate America will result in a 15-20% internal increase to consumers. But it sounds good to Democrats. This bill is a disaster and destined to drive the recession deep

They are patently denying we will have a Recession, and I think Charles Payne may be right that we could actually be looking at a Depression eventually. Maybe the Biden Administration knows the right term to use, and that's what they mean by "We will not have a Recession." Aside from deliberately lying, there could be an element of truth in what they're saying.

 

[Scott Downey]

BIDEN and his group have caused the super high inflation and the lower GDP recession and or depression to come. He is squarely to blame. Refusing to boost cheaper energy production in the country, begging the Saudis to increase oil production, the guy is looney and catering to his extreme left green base at the expense of the welfare of people living here. And their huge government spending and looney tunes covid management, everything they do is destroying the economy.

 

[Hidden In Him]

About the repeated lying, one telling sign of where the economy is actually headed is how yield curves on government bonds are inverting now, meaning people can make more interest on a 1 year loan to the government than on a 10 year. That means they know where things are going. Inversion curves have been unfailing predictors of Recession going back to as early as the 1950s (see 2nd video, produced three months ago. And things haven gotten worse since then, as the first video bears out).

 

[Hidden In Him]

He's being facetious in this one, but it shines light on what will likely be their next talking point: It's all our fault and a "self-fulfilling prophecy," and if people had just relaxed everything would have been just fine. We did it to ourselves when everything was going to be wonderful!

As IF, LoL! People all over the planet can't afford anything but food and shelter now, but somehow it's all our fault. I seriously wouldn't put it past the Biden Administration to blame the American people the longer things go on, they are such liars, Lol. Biden was coming close to it earlier this month when he was blaming mom and pop gas station owners for the rise in the price of gasoline.

 

[Josho]

When I was a Regional Sales Manager during the Obama years. I continued my position regarding a claim of zero growth, though Obama was always declaring positive growth. Here is where we knew about what was taking place. We were in contact with every Electric utility Purchasing Office every week, nation wide. Our Manufacturing Reps fed us the information. Our business grew when Electric utilities were buying our products. There was not one Utility declaring they were progressing. All were static, not moving. That meant no one was building and no one was refurbishing old buildings for new businesses. No new meters .....

This recession news means that the increase of interest rates will have an adverse affect on home sales, construction and car sales .....The next quarter will be more miserable. Also carefully watch what businesses are telling the world. For the sixth straight month Wal Mart has restructured their purchasing practices to account for the economic climate change in their customers. As inflation grows ...the shopper is buying food and necessities...not shopping for cloths and furniture. Those are the guys to watch ....not the environment of Washington DC.

There is a faulty premise with EV. On almost every street corner is a gas station. There is not a charging station on every street corner. A trip across the US in a EV is quite an event. Your two day trip can easily become three or four days. Because there is no infrastructure to support them. I see charging stations periodically and no one is there plugged in to charge their car. Charging stations at Gas stations is not the place to put them. You charge for an hour or two and because there is not anywhere to eat around the station, it becomes boring. Why not a group of charging stations at a mall, at a shopping center? At least there is something to do while the car charges. Hotels are good ....but more is better.

The tech is getting better, the new Tesla Model S Plaid actually has a pretty good range something like up to 348 miles on a single charge, and that is gonna improve in years to come as they make new EVs and make improvements to the batteries.

And there is a 9 month to 2 year wait list in Australia to get a new EV, so the demand is high. In the graph below we saw global EV sales jumping 108% in 2021 compared to 2020, from 2012 on this graph, every year has recorded growth, it's gone from 125,000 sales to 6.75 million in 9 years. So according to sales figures and sales growth it's actually a really successful industry. Charging, in Australia most people just charge them overnight when they sleep, public charging stations will also improve though, we are in 2022, technology is improving very very fast.




Of course everything is going back a bit in a recession though, but that's across multiple industries, no industry really escapes a recession unless if you are a fruit farmer or chicken farmer everybody has to eat to survive recession or not.

 

[Scott Downey]

I like EV perfectly fine, but wont likely buy one for the glaring reason of range and charge time and of course just being able to charge fast like filling up a car with gas is fast.
I can afford it but why should I buy tech that will be obsolete in a few years, it will be like week old bread. So I refuse to pay a lot of money for inferior design and government forcing is definitely making things worse.

People are complaining of EV quality issues on brand new EVs, they pay $60,000 for poor fit and quality issues much worse than a gas car.

 

[Scott Downey]

I also never bought into putting solar panels on my roof. That can be a scam, and if grid connected, you dont get to use the power for yourself.

 

[Josho]

I also never bought into putting solar panels on my roof. That can be a scam, and if grid connected, you dont get to use the power for yourself.

You can, but have to get a battery connected if you want take advantage of excess solar in the day to benefit of solar power at night, even then sometimes on a full moon night solar panels can still capture a bit of power. Here in Australia they do pay you a little bit of money back for power that goes back into the grid, it's not much, but something is better than nothing.

 

[Josho]

I like EV perfectly fine, but wont likely buy one for the glaring reason of range and charge time and of course just being able to charge fast like filling up a car with gas is fast.
I can afford it but why should I buy tech that will be obsolete in a few years, it will be like week old bread. So I refuse to pay a lot of money for inferior design and government forcing is definitely making things worse.

People are complaining of EV quality issues on brand new EVs, they pay $60,000 for poor fit and quality issues much worse than a gas car.

Imo if you are looking to buy brand new, better of waiting until they are able to get more materials produce more otherwise you could be waiting for months.

 

[Josho]

This is about the lamest and stupidest excuse we have heard to exonerate the evildoers. Having and maintaining a healthy economy is not rocket science. All that is needed is (a) a free market system and (b) minimal or zero interference by governments. The law of supply and demand will take care of everything else.

It is only because all governments are constantly and continuously messing with economies that things get out of hand. And the Biden administration has DELIBERATELY SABOTAGED the US economy in order to bring about a major transition. The plan of the Great Reset (followed by Biden with his BBB formula) is to destroy America and make it a third-rate, third-class, third world Marxist banana republic, like Venezuela or Cuba.

Not sure about this "Great Reset" theory.