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TF49: I am having trouble understanding how and why CV-19 had and was allowed to have such an impact and create such panic and disruption. It hasn't been much worse than the flu but has turned us upside down socially and economically. It is crazy IMHO.


Patriotism (and religion) is the last refuge of a scoundrel.

Jesus: "Take heed that no man deceive you."
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Originally Posted by hatari
Inflation and interest rates are two separate entities.

High interest rates were a tool to tame the high inflation we had.

I’m not arguing with you, only illustrating correct use of the terms.


Do you also recall wage and price controls being put into effect during that era?
Do you recall multiple stock splits and what P/E ratios were?

The price of gasoline , shortages and lines?

I understand what you’re saying but tell the person who was trying to borrow money to buy a home at 15% interest rates for a 30 year loan that it wasn’t “inflation “.

I’ve already mentioned Paul Voelker’s part in the interest rates scheme of things and whether it was “hyper “ or not is a rather moot point.

As you say, no argument.

Can it happen again? Of course it can but there’ll be many mechanisms put in place before that happens to dampen the effects and those mechanisms won’t be isolated to a single G8 nation.


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Originally Posted by Hastings
TF49: I am having trouble understanding how and why CV-19 had and was allowed to have such an impact and create such panic and disruption. It hasn't been much worse than the flu but has turned us upside down socially and economically. It is crazy IMHO.


Supply chains interrupted.


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Originally Posted by Old_Toot
Originally Posted by irfubar
Originally Posted by The_Real_Hawkeye
Originally Posted by Old_Toot
Originally Posted by The_Real_Hawkeye
On the other hand, maybe it's not all that surprising.


You occupy such a small world.

What book are you getting those digs from? Are you just going down the list?


Hawkeye,
Old Cooter is off the rails these days, seems all he wants to do is be a contrarian and fight with everyone. Must be fallout from the "covid" derangement syndrome..... kinda like Trump derangement only different.... wink



Tell me truly, Two Dogs F’king, why do you put yourself through these vain ordeals that you pursue as of late?

“Ignore” is your friend. Use it and free yourself from this thing that so deeply bothers you.

Pax.



I feel it is my duty to call out idiocy..... smile carry on, you are doin great smile


Originally Posted by Judman
PS, if you think Trump is “good” you’re way stupider than I thought! Haha

Sorry, trump is a no tax payin pile of shiit.
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Originally Posted by Hastings
TF49: I am having trouble understanding how and why CV-19 had and was allowed to have such an impact and create such panic and disruption. It hasn't been much worse than the flu but has turned us upside down socially and economically. It is crazy IMHO.


Really? you can't understand why? wtf..... then again you are a Democrat, little slow on the uptake


Originally Posted by Judman
PS, if you think Trump is “good” you’re way stupider than I thought! Haha

Sorry, trump is a no tax payin pile of shiit.
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Originally Posted by irfubar
Originally Posted by Old_Toot
Originally Posted by irfubar
Originally Posted by The_Real_Hawkeye
Originally Posted by Old_Toot
Originally Posted by The_Real_Hawkeye
On the other hand, maybe it's not all that surprising.


You occupy such a small world.

What book are you getting those digs from? Are you just going down the list?


Hawkeye,
Old Cooter is off the rails these days, seems all he wants to do is be a contrarian and fight with everyone. Must be fallout from the "covid" derangement syndrome..... kinda like Trump derangement only different.... wink



Tell me truly, Two Dogs F’king, why do you put yourself through these vain ordeals that you pursue as of late?

“Ignore” is your friend. Use it and free yourself from this thing that so deeply bothers you.

Pax.



I feel it is my duty to call out idiocy..... smile carry on, you are doin great smile



Ignore is your friend. Even Blackheart had enough sense to know that.


The degree of my privacy is no business of yours.

What we've learned from history is that we haven't learned from it.
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Originally Posted by Hastings
TF49: I am having trouble understanding how and why CV-19 had and was allowed to have such an impact and create such panic and disruption. It hasn't been much worse than the flu but has turned us upside down socially and economically. It is crazy IMHO.


When you forcibly transfer wealth from people that have money to the people that do not have money (and will never pay taxes)... you create massive political power for yourself by giving money to the poor and allegedly improving their life... off the labor of others.

Public School busing was introduced in Richmond Virginia as I was to start third grade. I was to be bused for almost an hour to attend a black school on the other side of town and the black children on that side of town we're to be bussed 1 hour to attend of school straight in front of my homes front door. Mary Munford ES.

In a mad scramble my parents secured my enrollment at st. Bridget's Catholic School. We were not Catholic. The teachers were nuns of the convent at st. Bridget's.

One of the nuns taught us economics with pieces of candy and rutabagas. Each child was given one piece of candy and one rutabaga. We were advised that candy was delicious but we already knew that and that rutabagas would please our mothers as a nutritious dinner fare item.

The nun teacher commenced teaching us the barter system. At the end of the day every single rutabaga could be had for a single piece of candy.

With the great transfer of wealth occurring... the people in power know that they can give poor stupid people a single piece of candy... and own them for life in the process.

With sailors this is called being shanghaied

Last edited by CashisKing; 02/27/21. Reason: Damn phone typos

If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.



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Originally Posted by CashisKing
Originally Posted by Hastings
TF49: I am having trouble understanding how and why CV-19 had and was allowed to have such an impact and create such panic and disruption. It hasn't been much worse than the flu but has turned us upside down socially and economically. It is crazy IMHO.


When you forcibly transfer wealth from the people that has money to the people that do not have money (and will never pay taxes)... you create massive political power for yourself by giving money to the poor and improving their life... of the labor of others.

Public School busing was introduced in Richmond Virginia as I was to start third grade. I was to be bused for almost an hour to attend a black school on the other side of town and the black children in that side of town we're to be busting our to attend of school straight in front of my homes front door. Mary Munford ES.

In a mad scramble my parents secured my enrollment at st. Bridget's Catholic School. We were not Catholic. The teachers were nuns of the convent at st. Bridget's.

One of the nuns taught us economics with pieces of candy and rutabagas. Each child was given one piece of candy and one rutabaga. We were advised that candy was delicious but we already knew that and that rutabagas would please our mothers as a nutritious dinner fare item.

The nun teacher commenced teaching us the barter system. At the end of the day every single rutabaga could be had for a single piece of candy.

With the great transfer of wealth occurring... the people in power know that they can give us a single piece of candy to a poor person and own them for life in the process.



The White version of Alex Haley’s Fuggin “Roots”.


The degree of my privacy is no business of yours.

What we've learned from history is that we haven't learned from it.
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Originally Posted by Old_Toot
Originally Posted by irfubar
Originally Posted by Old_Toot
Originally Posted by irfubar
Originally Posted by The_Real_Hawkeye
Originally Posted by Old_Toot
Originally Posted by The_Real_Hawkeye
On the other hand, maybe it's not all that surprising.


You occupy such a small world.

What book are you getting those digs from? Are you just going down the list?


Hawkeye,
Old Cooter is off the rails these days, seems all he wants to do is be a contrarian and fight with everyone. Must be fallout from the "covid" derangement syndrome..... kinda like Trump derangement only different.... wink



Tell me truly, Two Dogs F’king, why do you put yourself through these vain ordeals that you pursue as of late?

“Ignore” is your friend. Use it and free yourself from this thing that so deeply bothers you.

Pax.



I feel it is my duty to call out idiocy..... smile carry on, you are doin great smile



Ignore is your friend. Even Blackheart had enough sense to know that.


Damn Toot, are you aiming for the whole campfire to ignore you? we have a difference of opinion , am I not allowed to challenge you? or do you feel the way I challenge you is wrong?


Originally Posted by Judman
PS, if you think Trump is “good” you’re way stupider than I thought! Haha

Sorry, trump is a no tax payin pile of shiit.
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Originally Posted by Old_Toot
Originally Posted by CashisKing
Originally Posted by Hastings
TF49: I am having trouble understanding how and why CV-19 had and was allowed to have such an impact and create such panic and disruption. It hasn't been much worse than the flu but has turned us upside down socially and economically. It is crazy IMHO.


When you forcibly transfer wealth from the people that has money to the people that do not have money (and will never pay taxes)... you create massive political power for yourself by giving money to the poor and improving their life... of the labor of others.

Public School busing was introduced in Richmond Virginia as I was to start third grade. I was to be bused for almost an hour to attend a black school on the other side of town and the black children in that side of town we're to be busting our to attend of school straight in front of my homes front door. Mary Munford ES.

In a mad scramble my parents secured my enrollment at st. Bridget's Catholic School. We were not Catholic. The teachers were nuns of the convent at st. Bridget's.

One of the nuns taught us economics with pieces of candy and rutabagas. Each child was given one piece of candy and one rutabaga. We were advised that candy was delicious but we already knew that and that rutabagas would please our mothers as a nutritious dinner fare item.

The nun teacher commenced teaching us the barter system. At the end of the day every single rutabaga could be had for a single piece of candy.

With the great transfer of wealth occurring... the people in power know that they can give us a single piece of candy to a poor person and own them for life in the process.



The White version of Alex Haley’s Fuggin “Roots”.


Not only are you contrarian and completely wrong... you make an ass of yourself every time you open your pie hole.

I know you can't help it... narcissist rarely can but for the love of God please try to think before you open your mouth.


If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.



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Originally Posted by irfubar
Originally Posted by Old_Toot
Originally Posted by irfubar
Originally Posted by Old_Toot
Originally Posted by irfubar
Originally Posted by The_Real_Hawkeye
Originally Posted by Old_Toot
Originally Posted by The_Real_Hawkeye
On the other hand, maybe it's not all that surprising.


You occupy such a small world.

What book are you getting those digs from? Are you just going down the list?


Hawkeye,
Old Cooter is off the rails these days, seems all he wants to do is be a contrarian and fight with everyone. Must be fallout from the "covid" derangement syndrome..... kinda like Trump derangement only different.... wink



Tell me truly, Two Dogs F’king, why do you put yourself through these vain ordeals that you pursue as of late?

“Ignore” is your friend. Use it and free yourself from this thing that so deeply bothers you.

Pax.



I feel it is my duty to call out idiocy..... smile carry on, you are doin great smile



Ignore is your friend. Even Blackheart had enough sense to know that.


Damn Toot, are you aiming for the whole campfire to ignore you? we have a difference of opinion , am I not allowed to challenge you? or do you feel the way I challenge you is wrong?



Awww, Man!

Love you like a Brother.
But,,,don’t put yourself out too much, please.

Just try Ignore. Do it for the children,,like, say, Hawkeye.

What the whole Campfire does is of very small concern to The Tootster.

There now. Jmo.


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Ok brother Toot. It is against my nature to not reply. But I will try..... if I fail I hope you understand.... smile

No carry on battling the campfire....


Originally Posted by Judman
PS, if you think Trump is “good” you’re way stupider than I thought! Haha

Sorry, trump is a no tax payin pile of shiit.
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Originally Posted by irfubar
Ok brother Toot. It is against my nature to not reply. But I will try..... if I fail I hope you understand.... smile

No carry on battling the campfire....



Do what you must. I’ll understand.


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Originally Posted by Old_Toot

What the whole Campfire does is of very small concern to The Tootster.

There now. Jmo.

Really? I'd have thought, based on your behavior, that many of us are living rent free in your head.

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Originally Posted by CashisKing
Originally Posted by Old_Toot
Originally Posted by CashisKing
Originally Posted by Hastings
TF49: I am having trouble understanding how and why CV-19 had and was allowed to have such an impact and create such panic and disruption. It hasn't been much worse than the flu but has turned us upside down socially and economically. It is crazy IMHO.


When you forcibly transfer wealth from the people that has money to the people that do not have money (and will never pay taxes)... you create massive political power for yourself by giving money to the poor and improving their life... of the labor of others.

Public School busing was introduced in Richmond Virginia as I was to start third grade. I was to be bused for almost an hour to attend a black school on the other side of town and the black children in that side of town we're to be busting our to attend of school straight in front of my homes front door. Mary Munford ES.

In a mad scramble my parents secured my enrollment at st. Bridget's Catholic School. We were not Catholic. The teachers were nuns of the convent at st. Bridget's.

One of the nuns taught us economics with pieces of candy and rutabagas. Each child was given one piece of candy and one rutabaga. We were advised that candy was delicious but we already knew that and that rutabagas would please our mothers as a nutritious dinner fare item.

The nun teacher commenced teaching us the barter system. At the end of the day every single rutabaga could be had for a single piece of candy.

With the great transfer of wealth occurring... the people in power know that they can give us a single piece of candy to a poor person and own them for life in the process.



The White version of Alex Haley’s Fuggin “Roots”.


Not only are you contrarian and completely wrong... you make an ass of yourself every time you open your pie hole.

I know you can't help it... narcissist rarely can but for the love of God please try to think before you open your mouth.



I’d like to hear more of your trials, tribulations and ordeals as a youngster and of your practicing white flight from the colored Man.

Please continue. I see an epic saga in the making.


The degree of my privacy is no business of yours.

What we've learned from history is that we haven't learned from it.
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Originally Posted by The_Real_Hawkeye
Originally Posted by Old_Toot

What the whole Campfire does is of very small concern to The Tootster.

There now. Jmo.

Really? I'd have thought, based on your behavior, that many of us are living rent free in your head.


I can certainly see where you’d be amazed, the simpleton that you are.

So,,,,,really.


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Originally Posted by Dixie_Dude
Hyperinflation will happen when the Dollar no longer is the worlds currency, the debt gets larger then the ability of the US government to pay without excessive taxes, or foreign countries such as China cash in their T bills and want their money back. Probably any two of these things happening would immediately trigger it.

Trump had the economy booming and was beginning to pay down the debt and headed to a balanced budget by the mid-2020's. The Wuhan virus stopped this. Dems care more about their theoretical ideas of utopia to see the truth. This is from socialism to acceptance of all things even if weird like LBGTQ stuff. There will never be a utopian society where everyone is totally equal and have the same net worth. There will always be harder workers than others, smarter people than others, mentally impaired people, lazy people, and people filled with hate, people who have no moral compass, etc. America created the best society the world has ever seen, until the liberals for the last 20-30 years have been trying to destroy it.

Why to they think white people are superior, not because of IQ, but because of Christian principles and Capitalism, along with freedom and private ownership of property. It caused the western world to expand and spread colonies all over the world, and it resulted in the Industrial Revolution. Any other people, like the Asians, who copied it also prospered like Japan. Trying to tear down what is and was the greatest elevator to humans is stupid. Copy it, don't destroy it. Whites aren't the problem, their principles are the solution, not Marxism, Socialism, both of which have never worked anywhere.

Venezuela has oil, minerals, and tropical products as well as nice beaches, but socialism has killed them. Japan as no natural resources of any significant amount and rely on trade and private productivity to have the 3rd biggest economy in the world.

We have outsourced or factories and work, and have a reduced core of productivity to offset hyperinflation. When it hits it is going to be really bad.


Good post. The bolded part is especially insightful. I haven't heard that comparison before but it's a good one.

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Originally Posted by hatari
Inflation and interest rates are two separate entities.

High interest rates were a tool to tame the high inflation we had.

I’m not arguing with you, only illustrating correct use of the terms.


I am asking because I do not understand the relationship between interest rates and inflation if one even exists. If high interest rates are a tool to control inflation, do low interest rates encourage inflation? We have had historically low interest rates over a decade now, but the Fed's position is inflation is under control.

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Politics is the answer you seek.

First time in history that healthy folks were quarantined and those of danger from it were not sheltered.

Never politicize a illness or ailment.

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Yes, low interest rates feed and/or foster inflation.

From a farmer/country boy point of view, there's only 2 ways out of this mess, re: the national debt

1. New currency/ clearing the books and starting over.

2. Inflation- if we can run 3% inflation, we can pay back the debt for 40 cents on the dollar, that's why the bigs like moderate inflation. Issue is, they have been " stimulating " since TARP in '08. Europe also, and it's not been happening, actually the opposite in lots of economies.


But, the money being printed in 2020 WILL start the inflation train, IMO.( Unless the dems just flat shut down the country...) Guy needs to borrow as much as he can at 2% HELOC and use that money to make more, IMO. I'm thinking about digging a pond and building a nice big machine shed, with a concrete heated floor shop. wink If I can talk the banker into it at 3%, I will join the ranks of the folks going to the Church of Here and Now, hahaha.


Cowardice is the greatest pandemic that has ever affected mankind.
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