I know. It's crazy that these people are defending income tax. Only the Democrats do this, at least the ones I've talked to. Haven't heard a MAGA say it.
I’m not a massive wealth of info when it comes to this stuff. But I feel like the burn and decay of our current economic system has to be a bit slow and drawn out. By the way, how much gold and silver do you have stashed away?
Answer from Karoline could have been "Are you even remotely serious? Vast numbers of eggs on grocery store shelves right now were placed there while BIDEN WAS STILL PRESIDENT. RENT A CLUE.
"We're SO sorry President Trump hasn't had a chance to lower the cost of those eggs! But thanks for pretending to care, finally, about the price of eggs for Americans struggling under the Burden of Biden and his ruinous inflation.
"Next question? Maybe someone with a clue. Yes, Peter?"
He always teases a little bit at a time, gradually, imperceptibly ramping up the frequency and intensity. From No tax on tips, to OT, to Social Security benefits, to...hey how about no tax on ANY income, as if that wasn't my whole goal all along?
Qeq Trump is the master of manipulating communications to do the most good for him and, by extension, America and Americans.
None of Trump's "reasons" have anything to do with inflation. While the Fed has everything to do with it, his stated problems with the Fed do not, except tangentially. The reason for inflation is because the monetary system is fundamentally flawed (Federal Reserve Notes), using a currency that is not only not based on anything (fake assets), but designed to suck out all real assets from We The People and transfer them to the Bankers (AKA the Cabal) through usury.
The only possible way to stop inflation is to tie a currency to a real asset (or multiple), and eliminate usury.
He didn't address the real problems. That's disturbing.
Yeah I don't know if folks realize this, and anything he did propose is VERY long tail econ, and not a fast fix by any means. I was really, REALLY hoping he'd use that bully pulpit he's so good at wielding to get J Pow to move. It's his absolute greatest strength, and he didn't seem to wield it yet?
I mean, he's done a fucking TON in those days, and knew the fed was meeting. It wasn't out of the question that he'd put his ire on J Pow right out of the gate. It's one of the things he could do that would have made this biggest, quickest impact.
The problems are many, and the solutions are few. The Fed has painted itself into a corner.
If they raise rates they would incentivize saving, but the benefit of that would only be long-term. And meanwhile the cost of doing that would be a slowing of the economy, and more crushing interest payments on the debt.
If they lower rates, then they get a stimmie on the economy, but it's a sugar rush and only continues and worsens the problems we have in our economy with inflation, moral hazard, etc.
The solution is probably to make big, sweeping change and sweep under the rug the stuff that can't easily be fixed, jolt the system with Bitcoin, Gold, Silver, and Oil-backed money, drop the Income Tax, etc.
Anything less is really just not going to work. And he knows that.
And lowering the interest rates without some additional regulation on corporations buying residential property could lead to another massive price spike like a few years ago. Interest rates were so low that borrowing money might as well have been free and for nearly 2 years over 80% of home sales were to investment corps and prices skyrocketed and never came back down. The average american can't compete in the housing market no matter how low rates are when every home is bought at 15% above asking within 48 hours of listing
The Fed was responsible for inflation for taking too long to raise interest rates. To be fair I thought it was impossible for them to ever raise rates since the economy is too reliant on credit and the Greenspan put essentially bet on having low interest rates forever. I was proven wrong there but right in that it can only be for a short term.
I generally agree with the premise to stop inflation but to clarify to stop inflation you need to generate confidence in money. Some countries like Brazil with the cruzeiros eliminated hyperinflation by tricking their citizens with an alternate currency that was just as unbacked with the Plano Real
The Fed was responsible for inflation for taking too long to raise interest rates.
Wrong. This is the illusion. Inflation is caused byf one reason and one reason only: if you print more money, you gain inflation.
Of course, that's obvious, My point is, it's not more nuanced than that. It isn't even slightly more nuanced than that. All the "nuance" is the illusion.
Inflation (and all of our current economic system really) is based on the most economic principle, the Supply/Demand curve. Again, that's obvious. It is so simple, even a caveman can understand it. The point is, if you try to make it "more complicated," you lose the ability to understand it: thus ONLY a caveman can understand it. A financier/economist can't understand it.
The first thing you need to understand is; the Fed is a private bank. "You don't understand how it works. Blah, blah the Fed Board of Governors." But the BoG has a dirty little secret: The Board of Governors acts as an advisory board only (with the minor adjustment for the FMOC, which isn't worth getting in to at this time). The Fed (specifically the Federal Reserve Bank of NY) has COMPLETE CONTROL of all adjustments to everything related to money, including the creation of money, how much of there it is, and each and every single button, dial, and switch of our entire economic system is controlled by the FRB of NY.
The second thing you need to understand is; money = debt. Or rather, Money - Debt = 0. Of course that's not exactly true, because Money = Debt + Interest (at 8%/year). What this means is, Money - Debt = Interest, or rather, Money - Debt - Interest = -x, where x is some amount less than 0. It is IMPOSSIBLE to pay off the debt. Who are we indebted to? The people who run the banks (the top owners of the NYFed are Chase, Mellon, and three others I don't remember off of my head, I'd have to look it up).
Inflation then, is an increase in money. Money however, is a Federal Reserve Note. It is just a Note created out of nothing, well, really it's just a debt, gaining %8 per annum. So "money" is a debt unit, that is OWNED BY THE NYFED. All money is owned by the NYFed (not counting a couple percent of coinage owned by the US Treasury).
That means, WHENVER an increase of money/debt is created, inflation increases. On the other side, if money/debt is taken in, deflation increases. There have only been two times when that happened: once was right after WWII, which had a ton of fuckery, but I won't be getting to,. The other time was in the mid/late 1920's. This deflation, quite intentional, created the Great Depression. In other words, the Great Depression was both inevitable, and intentional.
This then, is the ONLY way for inflation to occur: if there is an increase in the money supply. Of course you might think: "well, just don't spend money." Well... First, there's that's whole "interest" thing, currently gaining ungodly amounts of interest on the National Debt ($40T ish or whatever). But it's not just the National Debt... It's all debt*: Again, you may not appreciate that Money = Debt --> Debt == Money. That means that EVERY SINGLE DEBT is the creation of Money. So when you go buy a house, and get that brand spanken new mortgage, that is the creation of money. You get a $500k mortgage, which is the creation of $500k more money (plus interest), right into the pot. It's not just the increase of the National Debt that increases the money supply, it's ALL DEBT that increases the money supply, which means, house mortgage, or a new car loan, or student loan, or every single time you use your credit card, etc., etc.: each time there is any increase in debt there is a an increase of inflation.
All the other economic mumbo jumbo that people talk about, "this and that and the other thing that increases inflation", that's all BULLSHIT. It really just as simple as it seems and no more complicated.
I don't agree that inflation is only related to money supply (although it helps) - there has been many times with substantial increases in M1 without the inflation. The Fed can give money to the banks to help cover their positions, but if that money is not reaching the population it will not increase inflation. Inflation has more to do with monetary demand then it does with it's supply. A low monetary demand means a high money velocity, and it is the money velocity that is the driver for inflation/deflation. The equation for the quantity theory of money is MV=PQ, where the money velocity is a key factor for determining prices.
For example, hyperinlation is where the collective confidence in the currency is lost, where people spend their money today because prices are going to be a lot more expensive tomorrow - the central banks interpret this spending as demand for fresh new currency and this repeats in a self reinforcing feedback loop. The CBs do this as they are one trick ponies that will try to protect asset values at all costs.
I don't agree that inflation is only related to money supply
It doesn't matter if you agree or not. It's a function of how it actually works. It has nothing to do with "opinion". Inflation is a function of money = debt. Period. All your other words are meaningless. If you want more elaboration I can help, but all your other stuff is illusory.
there has been many times with substantial increases in M1 without the inflation.
No there isn't. There is a two year lag time on M1 -> inflation. In addition, M2 is really more important to inflation than M1 is, because inflation is the entire money supply. I'm guessing you didn't actually read what I wrote. It would help you understand all that I wrote if you want to understand how it works.
Inflation has more to do with monetary demand then it does with it's supply
Because the entire economy is the "demand", it really has nothing to do with demand, it ONLY has to do with Supply. Just look at any M2 supply curve, look at the 2 year lag time, and look at inflation. They are the exact same curve.
A low monetary demand means a high money velocity
Blah, blah, blah. You really need to read what I wrote. You are completely stuck in the illusion.
I read what you wrote but it is not factually correct - and you can agree to disagree, but this is about truth and not for winning an argument. If you were correct then the bailouts of 2008 as an example would have increased inflation significantly - but that money was just held on the banks balance sheet and ultimately it did not translate to general rising of prices. This is why Scott Bessent needed to address government spending to help reduce inflation as opposed to reducing the money supply same in Argentna where Milei addressed inflation by limiting government spending and ATM withdrawals.
Further Edit: I thought i would add some points I agree with in terms of money = debt, the general belief in wanting a sound currency, and being against credit and usury (you might find that surprising coming from a jew). In general, inflation couldn't happen if the supply was constrained. That said, demand and supply always need to be looked at together - and money is no different to that then any commodity or service.
How about we increase domestic production first? More jobs that pay well with all that money they're "saving" skirting the tariffs. This, in turn will create more spending. More credit just creates more inflation
So the solution to unhinged credit emission (lending) is...more lending?
Credit emission creates inflation. Rates are at 2%, people can 'afford' million dollar houses because monthly payment goes down. But price will go up. And so will taxes and insurance.
"unleash lending for all American people" I'm not sure how to feel about this one... Maybe if the loans are 0% interest.
I currently have no credit score, I don't care and have no interest in going into debt. I'm going to have to see some good reasons why I should take on debt and pay interest to big banks
so much winning! I need somewhere to store all of these orgasmic experiences for when things get sad. Thank you Lord! Thank you Donald Trump. Thank great awakening members!
Fed chair Paul Volcker figured it out in 1979. To squash jummy cooter's inflation, the market had to crash. He did it by raising the federal funds rate to over 17%, which dumped the economy on its ass, and caused the 80-82 recession. Which was followed, with few hiccups, by the longest bull run in history.
Three days before the Jan 20 inauguration, O'Biden's Treasury Secretary, Yellen said the gov't would run out of money the 21st. This was deliberate. Legacy media did a bang-up job covering for O'Biden, allowing him to dump this economic disaster on Trump's plate.
Inflation, and post-election euphoria are keeping the market floating right now. But people already noticed how hard their wallets are being drained for regular day-to-day items, and even luxury things, like food. The Strategic Oil Reserve's <50%. Home sales are stalled, Joe Lunchpail has to earn over 100k now to qualify for a mortgage that's double what it was four years ago. Home inventory average days remaining on market >60 days, reports out this month indicating sellers are having to cut asking prices. In 2025, housing affordability in the U.S. remains at it’s worst levels in decades.
The crash is coming. Nothing can stop it at this point. O'Biden's sole accomplishment was delaying it until after Trump took office, so he can shift the blame.
No income tax = No Fed.
There are people out there who are legitimately terrified of having more money in their pockets.
I know. It's crazy that these people are defending income tax. Only the Democrats do this, at least the ones I've talked to. Haven't heard a MAGA say it.
Why doesn't he every talk about a constitutional currency?
More debt, more inflation... wtf is he doing?
I’m not a massive wealth of info when it comes to this stuff. But I feel like the burn and decay of our current economic system has to be a bit slow and drawn out. By the way, how much gold and silver do you have stashed away?
NO IRS
how about FJB regime killing 100 million chickens over supposedly one case of "bird flu"?
I heard some asshole I'm the WH press briefing trying to blame DJT for the price of eggs . He has been in office 10 days.
"You see, when Donald Trump loves a chicken very much, he ..."
Lol. These folks are colossal morons.
Answer from Karoline could have been "Are you even remotely serious? Vast numbers of eggs on grocery store shelves right now were placed there while BIDEN WAS STILL PRESIDENT. RENT A CLUE.
"We're SO sorry President Trump hasn't had a chance to lower the cost of those eggs! But thanks for pretending to care, finally, about the price of eggs for Americans struggling under the Burden of Biden and his ruinous inflation.
"Next question? Maybe someone with a clue. Yes, Peter?"
Um…he just said it. Treasury taking over. Watch him get more direct soon.
perceptive anon
He always teases a little bit at a time, gradually, imperceptibly ramping up the frequency and intensity. From No tax on tips, to OT, to Social Security benefits, to...hey how about no tax on ANY income, as if that wasn't my whole goal all along?
Qeq Trump is the master of manipulating communications to do the most good for him and, by extension, America and Americans.
Three of Joe Langes old posts that explain the takeover of the Fed by Treasury and the banking revolution that is underway, are pertinent here:
https://badlands.substack.com/p/master-and-commander
https://badlands.substack.com/p/the-master-builder
https://badlands.substack.com/p/the-banking-revolution-is-underway
None of Trump's "reasons" have anything to do with inflation. While the Fed has everything to do with it, his stated problems with the Fed do not, except tangentially. The reason for inflation is because the monetary system is fundamentally flawed (Federal Reserve Notes), using a currency that is not only not based on anything (fake assets), but designed to suck out all real assets from We The People and transfer them to the Bankers (AKA the Cabal) through usury.
The only possible way to stop inflation is to tie a currency to a real asset (or multiple), and eliminate usury.
He didn't address the real problems. That's disturbing.
Not only that, but he said he'd make lending (credit emission, an inflationary act by itself) easier.
So the solution to credit emission (inflation) is...even more credit emission.
Yeah I don't know if folks realize this, and anything he did propose is VERY long tail econ, and not a fast fix by any means. I was really, REALLY hoping he'd use that bully pulpit he's so good at wielding to get J Pow to move. It's his absolute greatest strength, and he didn't seem to wield it yet?
Bro, he’s been in office for a whole week and 2 days. wtf do you expect.
I mean, he's done a fucking TON in those days, and knew the fed was meeting. It wasn't out of the question that he'd put his ire on J Pow right out of the gate. It's one of the things he could do that would have made this biggest, quickest impact.
We'll see what happens in March.
The problems are many, and the solutions are few. The Fed has painted itself into a corner.
If they raise rates they would incentivize saving, but the benefit of that would only be long-term. And meanwhile the cost of doing that would be a slowing of the economy, and more crushing interest payments on the debt.
If they lower rates, then they get a stimmie on the economy, but it's a sugar rush and only continues and worsens the problems we have in our economy with inflation, moral hazard, etc.
The solution is probably to make big, sweeping change and sweep under the rug the stuff that can't easily be fixed, jolt the system with Bitcoin, Gold, Silver, and Oil-backed money, drop the Income Tax, etc.
Anything less is really just not going to work. And he knows that.
And lowering the interest rates without some additional regulation on corporations buying residential property could lead to another massive price spike like a few years ago. Interest rates were so low that borrowing money might as well have been free and for nearly 2 years over 80% of home sales were to investment corps and prices skyrocketed and never came back down. The average american can't compete in the housing market no matter how low rates are when every home is bought at 15% above asking within 48 hours of listing
Key word
Yes, that's why I said that word.
There's still time :)
The Fed was responsible for inflation for taking too long to raise interest rates. To be fair I thought it was impossible for them to ever raise rates since the economy is too reliant on credit and the Greenspan put essentially bet on having low interest rates forever. I was proven wrong there but right in that it can only be for a short term.
I generally agree with the premise to stop inflation but to clarify to stop inflation you need to generate confidence in money. Some countries like Brazil with the cruzeiros eliminated hyperinflation by tricking their citizens with an alternate currency that was just as unbacked with the Plano Real
Wrong. This is the illusion. Inflation is caused byf one reason and one reason only: if you print more money, you gain inflation.
Of course, that's obvious, My point is, it's not more nuanced than that. It isn't even slightly more nuanced than that. All the "nuance" is the illusion.
Inflation (and all of our current economic system really) is based on the most economic principle, the Supply/Demand curve. Again, that's obvious. It is so simple, even a caveman can understand it. The point is, if you try to make it "more complicated," you lose the ability to understand it: thus ONLY a caveman can understand it. A financier/economist can't understand it.
The first thing you need to understand is; the Fed is a private bank. "You don't understand how it works. Blah, blah the Fed Board of Governors." But the BoG has a dirty little secret: The Board of Governors acts as an advisory board only (with the minor adjustment for the FMOC, which isn't worth getting in to at this time). The Fed (specifically the Federal Reserve Bank of NY) has COMPLETE CONTROL of all adjustments to everything related to money, including the creation of money, how much of there it is, and each and every single button, dial, and switch of our entire economic system is controlled by the FRB of NY.
The second thing you need to understand is; money = debt. Or rather, Money - Debt = 0. Of course that's not exactly true, because Money = Debt + Interest (at 8%/year). What this means is, Money - Debt = Interest, or rather, Money - Debt - Interest = -x, where x is some amount less than 0. It is IMPOSSIBLE to pay off the debt. Who are we indebted to? The people who run the banks (the top owners of the NYFed are Chase, Mellon, and three others I don't remember off of my head, I'd have to look it up).
Inflation then, is an increase in money. Money however, is a Federal Reserve Note. It is just a Note created out of nothing, well, really it's just a debt, gaining %8 per annum. So "money" is a debt unit, that is OWNED BY THE NYFED. All money is owned by the NYFed (not counting a couple percent of coinage owned by the US Treasury).
That means, WHENVER an increase of money/debt is created, inflation increases. On the other side, if money/debt is taken in, deflation increases. There have only been two times when that happened: once was right after WWII, which had a ton of fuckery, but I won't be getting to,. The other time was in the mid/late 1920's. This deflation, quite intentional, created the Great Depression. In other words, the Great Depression was both inevitable, and intentional.
This then, is the ONLY way for inflation to occur: if there is an increase in the money supply. Of course you might think: "well, just don't spend money." Well... First, there's that's whole "interest" thing, currently gaining ungodly amounts of interest on the National Debt ($40T ish or whatever). But it's not just the National Debt... It's all debt*: Again, you may not appreciate that Money = Debt --> Debt == Money. That means that EVERY SINGLE DEBT is the creation of Money. So when you go buy a house, and get that brand spanken new mortgage, that is the creation of money. You get a $500k mortgage, which is the creation of $500k more money (plus interest), right into the pot. It's not just the increase of the National Debt that increases the money supply, it's ALL DEBT that increases the money supply, which means, house mortgage, or a new car loan, or student loan, or every single time you use your credit card, etc., etc.: each time there is any increase in debt there is a an increase of inflation.
All the other economic mumbo jumbo that people talk about, "this and that and the other thing that increases inflation", that's all BULLSHIT. It really just as simple as it seems and no more complicated.
Money = Debt + Interest, and +Money = Inflation.
Everything else is just The Grand Illusion.
I don't agree that inflation is only related to money supply (although it helps) - there has been many times with substantial increases in M1 without the inflation. The Fed can give money to the banks to help cover their positions, but if that money is not reaching the population it will not increase inflation. Inflation has more to do with monetary demand then it does with it's supply. A low monetary demand means a high money velocity, and it is the money velocity that is the driver for inflation/deflation. The equation for the quantity theory of money is MV=PQ, where the money velocity is a key factor for determining prices.
For example, hyperinlation is where the collective confidence in the currency is lost, where people spend their money today because prices are going to be a lot more expensive tomorrow - the central banks interpret this spending as demand for fresh new currency and this repeats in a self reinforcing feedback loop. The CBs do this as they are one trick ponies that will try to protect asset values at all costs.
It doesn't matter if you agree or not. It's a function of how it actually works. It has nothing to do with "opinion". Inflation is a function of money = debt. Period. All your other words are meaningless. If you want more elaboration I can help, but all your other stuff is illusory.
No there isn't. There is a two year lag time on M1 -> inflation. In addition, M2 is really more important to inflation than M1 is, because inflation is the entire money supply. I'm guessing you didn't actually read what I wrote. It would help you understand all that I wrote if you want to understand how it works.
Because the entire economy is the "demand", it really has nothing to do with demand, it ONLY has to do with Supply. Just look at any M2 supply curve, look at the 2 year lag time, and look at inflation. They are the exact same curve.
Blah, blah, blah. You really need to read what I wrote. You are completely stuck in the illusion.
I read what you wrote but it is not factually correct - and you can agree to disagree, but this is about truth and not for winning an argument. If you were correct then the bailouts of 2008 as an example would have increased inflation significantly - but that money was just held on the banks balance sheet and ultimately it did not translate to general rising of prices. This is why Scott Bessent needed to address government spending to help reduce inflation as opposed to reducing the money supply same in Argentna where Milei addressed inflation by limiting government spending and ATM withdrawals.
Further Edit: I thought i would add some points I agree with in terms of money = debt, the general belief in wanting a sound currency, and being against credit and usury (you might find that surprising coming from a jew). In general, inflation couldn't happen if the supply was constrained. That said, demand and supply always need to be looked at together - and money is no different to that then any commodity or service.
It starts with the phrase,
"The Federal Reserve is not federal and there is nothing in reserve."
I don't want a loan. Give our money back that these goons have squandered.
Trump is my President!!!!
💯❤️
https://truthsocial.com/@realDonaldTrump/113913720574106648
How about we increase domestic production first? More jobs that pay well with all that money they're "saving" skirting the tariffs. This, in turn will create more spending. More credit just creates more inflation
Please I want to have kids. Can’t afford it currently!
So the solution to unhinged credit emission (lending) is...more lending?
Credit emission creates inflation. Rates are at 2%, people can 'afford' million dollar houses because monthly payment goes down. But price will go up. And so will taxes and insurance.
Oh well.
"unleash lending for all American people" I'm not sure how to feel about this one... Maybe if the loans are 0% interest.
I currently have no credit score, I don't care and have no interest in going into debt. I'm going to have to see some good reasons why I should take on debt and pay interest to big banks
so much winning! I need somewhere to store all of these orgasmic experiences for when things get sad. Thank you Lord! Thank you Donald Trump. Thank great awakening members!
Almost like it was intentional. Yeah, almost. But what possible justification? I’ll keep my ideas on that private.
The fredo kiss of death
Inflation to 👉 Deflation incoming ! 👍🇺🇸
Inflation is bad, but nowhere near close to worst in our history.
Yea I have been around a long time. Thius is the worse inflkation in mordern era.
Yep just passes the stagflation of the late 70's and early 80's: https://www.shadowstats.com/alternate_data/inflation-charts
The Ghost of Jimmy Carter enters the chat.
It's not just about stopping inflation.
We need DEflation--restoring the dollar's purchasing power.
Think the Dividend Dollar that debt clock site keeps talking about.
This is why Trump 45~47 sweep the house the senate and The White House. Americans want common sence back in Gov't.
Unleash lending? Is anything known about that?
Fed chair Paul Volcker figured it out in 1979. To squash jummy cooter's inflation, the market had to crash. He did it by raising the federal funds rate to over 17%, which dumped the economy on its ass, and caused the 80-82 recession. Which was followed, with few hiccups, by the longest bull run in history.
Three days before the Jan 20 inauguration, O'Biden's Treasury Secretary, Yellen said the gov't would run out of money the 21st. This was deliberate. Legacy media did a bang-up job covering for O'Biden, allowing him to dump this economic disaster on Trump's plate.
yellen
Inflation, and post-election euphoria are keeping the market floating right now. But people already noticed how hard their wallets are being drained for regular day-to-day items, and even luxury things, like food. The Strategic Oil Reserve's <50%. Home sales are stalled, Joe Lunchpail has to earn over 100k now to qualify for a mortgage that's double what it was four years ago. Home inventory average days remaining on market >60 days, reports out this month indicating sellers are having to cut asking prices. In 2025, housing affordability in the U.S. remains at it’s worst levels in decades.
housing
The crash is coming. Nothing can stop it at this point. O'Biden's sole accomplishment was delaying it until after Trump took office, so he can shift the blame.
This is so cool; getting messages directly from President Trump. 🙂
This feels like Kayfabe.
But, also, I like where this is going.
DOWN with the fed. It's coming frens!