Pro-Hillary Media Bias

[yuppee]

I failed nothing. the energy prices have nothing to do with inflation ,other than going up in price cause the Arabs know full well that we are printing $ with nothing to back them up

 

[Tictac]

Lmao. You're the funny one. That's a **** graph. You have to plot the change in the CPI against the change in oil.

I don't have to do a thing. It's the CPI versus the oil price on a time longitudinal graph.

Your opinion is what's ****. You know nothing and have a fully closed mind full of proggie crap.

"Energy prices cause inflation" And nothing but your useless words to assert it. Your 'say so' is pedantic drivel.

 

[Tictac]

This is want you call reduced spending and "austerity".

We're in a period of Austerity right now.

Absolutely hilarious! You want the federal government to continue funding everything as if we are still in a recession.

You know nothing about macroeconomics.

 

[EyeBRollin]

I don't have to do a thing. It's the CPI versus the oil price on a time longitudinal graph.

....that doesn't show the change in CPI vs. the change in oil prices. Axis' matter, old chap. Most have been a while since you took any kind of statistics class.

I
Your opinion is what's ****. You know nothing and have a fully closed mind full of proggie crap.

Wahhhhhhh we're down to insults now.

I
"Energy prices cause inflation" And nothing but your useless words to assert it. Your 'say so' is pedantic drivel.

No, I showed you a graph of the change in oil vs. the change in CPI, since 1971. Oil pulls the CPI with it. As I said before, demand-pull inflation.

 

[Tictac]

....that doesn't show the change in CPI vs. the change in oil prices. Axis' matter, old chap. Most have been a while since you took any kind of statistics class.



Wahhhhhhh we're down to insults now.



No, I showed you a graph of the change in oil vs. the change in CPI, since 1971. Oil pulls the CPI with it. As I said before, demand-pull inflation.

Saying something over and over does not make it true. Saying something loudly does not make it true. Unless you are in 6th grade.

If you can manage to read about logical fallacies without your lips moving, try boning up on the fallacy of post hoc ergo proper hoc Pee Wee.

 

[EyeBRollin]

View attachment 204
This is want you call reduced spending and "austerity".

Once again, you are incapable of comprehending the significance of the axis with which you are choosing graphs. The Spending goes up, because there is still spending. The amount of spending is decreasing, but it is still happening. Do I have to spoon feed you everything?

As the downward trend since 2009 is evident in both metrics.

[
Absolutely hilarious! You want the federal government to continue funding everything as if we are still in a recession.

The government funds everything, recession or not.

GDP = Federal Spending + Private Sector Investment and Consumption + Net Exports

You know nothing about macroeconomics.

 

[Tictac]

Spot the 'austerity' Pee Wee. Stay focused for a few seconds if you can.

So debt and spending are the same thing now? Fascinating! So we are having an austerity of debt now. Is that it?

You typed that 'we are in a period of austerity right now' or did you forget already?

But somehow you now want to discuss federal debt. This is nothing but a red herring and you are a child.

 

[EyeBRollin]

1. No, I am asking real questions so you can try to understand a bit better what causes inflation. Rome experienced just normal inflation as well, prior to oil. So what caused that inflation?

2. So now you have added that political instability and large foreign debt cause inflation.

I already mentioned that. We're talking about causes of hyperinflation, no?

Of course it is accepted as payment. No country can tell the US it has to stop paying its own bills in its own currency. That's the whole point of being monetarily sovereign. That's why the US can never become Greece.

I already explained this. A sovereign nation becomes insolvent only through foreign debt or political instability (i.e. losing war). War reparations are foreign debt.

And Jesus Christ, what do you think interest rates and taxes are for? Picking our nose?

1
3. But money supply does not cause inflation? Is this what you are saying?

No. I said:

Inflation is a function of energy prices, supply of money (spending), and demand for money (interest rates). Energy prices is the key variable, because the Central bank has full control over the supply and demand of money.

Inflation is not simply about supply and demand for money, as Japan has been using stimulus and 0% interest rates for decades with no success at stimulating inflation, due to falling demand (rapidly aging population).

]

 

[Tictac]

EyeBRollin said: ↑
Of course it is accepted as payment. No country can tell the US it has to stop paying its own bills in its own currency. That's the whole point of being monetarily sovereign. That's why the US can never become Greece.

I already explained this. A sovereign nation becomes insolvent only through foreign debt or political instability (i.e. losing war). War reparations are foreign debt.

And Jesus Christ, what do you think interest rates and taxes are for? Picking our nose?
------
It happened to Great Britain in 1976 while its currency, along with the US dollar were the global reserve currencies.

Keep typing your nonsense Pee Wee. This is historical fact. So covering your ears and eyes and pretending you don't know this simply affirms that you are a child.

 

[EyeBRollin]

[
You typed that 'we are in a period of austerity right now' or did you forget already?

I did. Do you need glasses to read reduction of spending in the graphs?

But somehow you now want to discuss federal debt. This is nothing but a red herring and you are a child.

View attachment 205
Spot the 'austerity' Pee Wee. Stay focused for a few seconds if you can.

So debt and spending are the same thing now? Fascinating! So we are having an austerity of debt now. Is that it?

The federal deficit is public spending.
The Federal debt is a running count of deficits (public spending) over time.

I didn't bring up debt. Are you confused, old chap?

 

[Tictac]

I did. Do you need glasses to read reduction of spending in the graphs?





The federal deficit is public spending.
The Federal debt is a running count of deficits (public spending) over time.

I didn't bring up debt. Are you confused, old chap?

You said austerity? Where? You can shuck and jive all you like Pee Wee. There is not now and there has never been austerity in US spending in the 21st century.

What is this? Oh, I see! We have an austerity of DEFICITS.

[/QUOTE]
Since you want to shuck and jive away from yout typing that "we are in a period of austerity now, I'll put more bluntly - you lie.

"Look over here, deficits,"

Simply pitiful.

 

[EyeBRollin]

You said austerity? Where? You can shuck and jive all you like Pee Wee. There is not now and there has never been austerity in US spending in the 21st century.

What is this? Oh, I see! We have an austerity of DEFICITS.

lol, I defer to your intellect, old chap. Might want to look up the meaning of the federal deficit.

 

[Tictac]

lol, I defer to your intellect, old chap. Might want to look up the meaning of the federal deficit.

You might want to look up the difference between spending and deficits.

 

[EyeBRollin]

Anyway, back to the topic of Hillary.... I guess me calling her a corporate ***** makes me a sexist.

 

[EyeBRollin]

You might want to look up the difference between spending and deficits.

Enlighten me. I want to hear this.

 

[Tictac]

Revenue is collected via tax.
Spending is what you buy.
Deficits are the remainder when you subtract spending from revenue when spending is higher than revenue.
Debt is how deficits are financed .

How hard isn't that?

 

[EyeBRollin]

Revenue is collected via tax.
Spending is what you buy.

We're talking about the government, not you.

Deficits are the remainder when you subtract spending from revenue when spending is higher than revenue.

Correct.

Debt is how deficits are financed .

Not for the Federal government, no.

 

[Tictac]

We're talking about the government, not you.



Correct.



Not for the Federal government, no.

Wrong Pee Wee. It is precisely what has happened every year

That is why accumulated debt is now over $19,000,000,000,000. The math is public and available from a variety of sources including the CBO.

You saying 'no' or any other bullsh*t does not change the rules of arithmetic. Pedantry is not arithmetic. Stamping your feet is not arithmetic. Denial is not arithmetic. Red herrings are not arithmetic.

Arithmetic is arithmetic.

 

[EyeBRollin]

Wrong Pee Wee. It is precisely what has happened every year

That is why accumulated debt is now over $19,000,000,000,000. The math is public and available from a variety of sources including the CBO.

I already explained that to you.

Debt is a running count of deficits over time. Deficit is year to year.

You saying 'no' or any other bullsh*t does not change the rules of arithmetic. Pedantry is not arithmetic. Stamping your feet is not arithmetic. Denial is not arithmetic. Red herrings are not arithmetic.

Arithmetic is arithmetic.

Arithmetic isn't what we're discussing. You have a misunderstanding of who finances whom. The government pays its bills by issuing currency. The public debt is a savings vehicle for investors. They receive their payment the same way all Federal financing is done; the government wires the money into their checking account, by issuing an order to the bank to increase the value in said account. The rest is all accounting.

 

[Tictac]

I have worked with six US Secretaries of the Treasury.

Go 'explain' to someone who would believe that you have a single clue. I am not responsible for your delusions. And your explaining anything is only you trying to convince yourself of whatever bullsh*t you think you know by whatever lunatic convinced you of it.

You already explained it to me? Your explanation is nothing but denial.

Everything I've said here is demonstrable from objective sources and by the very simple rules of arithmetic you deny.

The sum of US debt is precisely the sum of the deficits (the accumulated debt) financed by issuing US Treasury Bonds.

You are dismissed Pee Wee.