This week in Bidenomics: Get ready for the Biden boom
President Biden's $1.9 trillion American Rescue Plan seems likely to pass in March. Then get ready for an economic boom.
Biden's Economy Boom is approaching
- Thread starter Basra
- Start date
Heard he sold arms to Egypt.
The downfall of MENA is nearing and it's because of the US
The downfall of MENA is nearing and it's because of the US
AbdiGeedi
To keep your balance, you must keep moving.
The only thing that is keeping dollar from hyperinflation at the moment is it being THE world currency. Once countries like Japan and South Korea stop using dollar in their trade between each other, the shit is gonna hit the fan.
Have you ever heard of $trillions being printed and handed over for free? Take a deep breath and think about several thousands of billions of dollars being printed within a year without any value backing.
The US might be running a con before switching fully to digital money.
Fun fact: Bill Gates is now the biggest farm land owner in the US. The rich are buying up land, gold, etc to shield their assets.
After Trump left the office, the gasoline prices have risen significantly and keep rising. Senile Biden is taking everybody down with his policies.
Royalflush
novacane
The us government has a lot of assets it can sell to stabilise their currency
Printing large amounts of money like this is called quantitative easing and they’re hoping people will begin consuming rapidly, banks lend more and a economic boom occurs causing inflation and the demand for US dollars will fall causing it to depreciate cancelling the negative effects of printing the money. It’s smart but at the same time they have to relax lockdown so that people can actually spend and the economy can boom
The rich have always owned the most valuable assets etc but land will always remain in the hands of the Midwestern farmers they make a killing on the world market due to them being the most subsided farmers in the world
and finally the rising oil prices maybe due to the opec Russia trade wars and easing of lockdown so the prices rise to respond to demand
AbdiGeedi
To keep your balance, you must keep moving.
It is well passed the threshold of quantitative easing. It is welfare on steroids now. People are getting unemployment money that is twice bigger than what they used to earn. Landlords are prohibited from evicting non-paying residents but still have to pay property taxes. The whole segments of the US economy are hurting. On top of it, the US is now service oriented thanks to the corporations moving their production to China and Mexico. So, there is not much added value to begin with. The US fiscal policy is starting to look like a scheme.
Royalflush
novacane
They gotta fulfil their socialist quota soo maha
but tbh we’ve heard it plenty of times the us is gonna fall and it hasn’t
AbdiGeedi
To keep your balance, you must keep moving.
The US can not pay its debt of $28 trillions. Fortunately, the only worthy attempt to dethrone the dollar as the world currency has failed miserably. Europeans have turned out to be low IQ by creating common Euro zone but leaving the political systems unchanged in member states. It's very inefficient and based on borrowing as well (cough cough printing money).They gotta fulfil their socialist quota soo maha
AbdiGeedi
To keep your balance, you must keep moving.
The best hood comment.Who cares about the economy. Where’s the rest of my stimulus check Uncle Joe’s been promising?
This is where crypto shines. Best reserve currencies or currency there is. sending money is instant and costs nothing. No one controls them. The only thing the U.S could do is prohibit the purchase by taking down easy sites like coinbase, cashapp and robinhood but anybody could buy it they just gotta be technical. Goodbye to petro-dollar and hello to crypto
