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Whilst there may be a few unscrupulous profiteers who will be able to exploit this Biden led human tragedy into a means of making a fast buck, for most hard working taxpayers Biden's inflation is yet another nail in their coffin.
The intolerable strain Biden and his communist puppet-masters are piling onto the average American citizen with their quantitative easing induced inflation and swamping the country with criminal illegal immigrants is totally reprehensible.
Clearly President Poopy Pants and his Maladministration couldn't give a tinker's damn about the soaring food and fuel prices and how these inflationary pressures which they engineered from day one of Biden's inauguration is causing real misery for our kith and kin.
Whilst there may be a few unscrupulous profiteers who will be able to exploit this Biden led human tragedy into a means of making a fast buck
Hello P:
I thought you were a capitalist.. What is unscrupulous about buying something cheap for the purpose of selling it when it's expensive?? Capitalists don't hunt around for who did a bad thing to make the market MOVE.. Nahh.. They just ACT when the market MOVES, no matter who did what..
The Biden induced inflation has nothing to do with principled free market trading practises.
WHAT'S WRONG WITH BUYING SOMETING CHEAP FOR THE PURPOSE OF SELLING IT WHEN IT'S EXPENSIVE?
NOTHING WHATSOEVER, except that long term investment may never happen in the speculator's lifetime and maybe never.
Your question is somewhat puzzling though as it has nothing whatsoever to do with Biden's quantitative easing, irresponsible borrowing and mass unregulated illegal immigration induced inflation.
The principles upon which the free market was founded were, justice, prosperity and liberty for all.
You seem to be suggesting that Biden and the Democrats wilfully created inflation for the sole purpose of dumping misery onto the already hard-pressed American people.
Maybe this is their strategy, but it's difficult to figure out what political benefits they hope to achieve by implementing such anti-social policies.
High inflation, especially on consumer goods causes hardship to ordinary folk and if let run amok, leads to serious civil unrest.
Profiteers, in particular those who charge ridiculously exorbitant prices for vital commodities, for instance in times of war or extreme national hardship have been tried and sentenced to lengthy terms in jail.
Indeed my first employer's father was one such person and the stigma of his unscrupulous activities during a time when his country was at war lingered with the company until its demise.
The path to sustainable profits is to form a business and establish a reputation for providing a product or service, or both, of quality, reliability at reasonable prices.
The flash Harry type businesses, like the proverbial, F.B. KNIGHT Inc.,(Fly By Night) with their quick buck philosophy never last.
My main business was concrete and I made certain that we complied with the the industry's code best practise including the expensive quality control procedures required by state legislation.
During unannounced inspections we were always, without fail, able to produce verifiable records of our strict, in-house quality control processes including accurate records of the crushing strengths of all structural concrete.
AS I'VE STATED BEFORE, YOU CAN SUCCEED IN THE RAT RACE WITHOUT BEING A RAT.
Your question is somewhat puzzling though as it has nothing whatsoever to do with Biden's quantitative easing, irresponsible borrowing and mass unregulated illegal immigration induced inflation.
Hello again, P:
Nahhh.. It's called inflation for a reason.. You start with a pot of money, and then inflate it.. You can only do that by printing more money.. They do that by creating Treasury Bills out of whole cloth and selling them on the open market.. China is a BIG buyer of our debt..
It has NOTHING, whatsoever, to do with immigration.
Once on the market it takes about 18 months to work it's way through the economy and to the street.. Consequently it's more Trumps inflation than it is Biden's..
Not really. The ships stuck in harbor, sky rocketing gas prices and empty shelves weren't happening under Trump, nor was it Republicans that shut down the economy. Your party did that. Enjoy the midterms Con. ;-)
Well, The old adage, ''if you don't learn from history you're DOOMED to repeat it'' seems to be particularly applicable to the Democratic party and their supporters.
Blaming a previous administration on Biden's reckless economic policies is a non-argument.
If the level of argument has sunk to such a ridiculous low it would be best to terminate the timewasting exchanges here and now.
It's important you know that at present the biggest casualties of inflation are savers and investors.
Your nest egg is being eroded by the rate of inflation.
If you sit on your savings the best you can hope for is that your losses will be reduced by the interest accruing on your invested sum.
At the moment interest rates are extremely low and it is therefore most unlikely, if not nigh impossible that they will come anywhere near the current rate of inflation.
My advice to you is;- stick to your day job.
Sorry, don't mean to be rude, you've done your best, but your arguments are become cornier by the moment and not worth addressing.
but your arguments are become cornier by the moment and not worth addressing.
Hello again, P:
It's simple.. Inflation goes up, gold does too.. It ain't no secret. Been that way forever. And you said you recommended people buy gold a year ago, but you have NO IDEA how to make a purchase, do you?? So, since you don't know, you assume everybody else is as ignorant as you...
Like nomshit you haven't the first idea what you're slobbering about but try to compensate for your ignorance by being rude.
If you buy gold, that's great, what do you want, a medal?, a gold medal?
For some reason you've become infatuated with gold like some maturing adolescent who has just discovered sex and wants to tell the world, INCLUDING HIS PARENTS, all about his great discovery and how they should try it sometime.
The next thing you'll be rabbiting on about will be Stocks & Shares.
So can we all look forward to you giving us a lecture on how to navigate the Stock Market?
My daughter's friend buys and sells gold, as a business so I've been channelling my modest purchases through her since the late 90s.
I've been fully aware for years that gold is a safe harbor since it normally holds its value in the long term despite fluctuations of other commodities.
As one should, if one wants to learn. Here's another thing people should know.. You, however, should LOOK away, cause God forbid, you should learn something.
If you buy from your daughters friend, certainly HE keeps a record of that purchase.. If you're any kind of businessman, you too, keep a record.
From MY perspective, I'd just as soon NOBODY knows about my gold purchases.. That would be NOBODY. For your sake, let's hope you "TRUST" your daughters friend, and what happens if he goes bust?? Bernie Madoff comes to mind..
So, I pay cash at my local coin store, and take POSSESSION of it. He doesn't ask who I am, and I don't offer.. When I've made my fortune, I sell it for cash at my local coin store.. He doesn't ask who I am, and I don't offer it. Those purchases and sales are based upon the worldwide spot price for gold at that very moment.. It's on your phone, of course.
Now, maybe privacy and/or trust isn't a big issue for you, but for me, it's huge.
And, yes.. If you'd like to learn about the stock market, or how to buy gold on margin and make a fucking killing, I'm your man. And, if making money makes me weird in your eyes, I'm COOL with that.
puppet-masters are piling onto the average American citizen with their quantitative easing induced inflation
Hello again, P:
IF quantitative easing is taking money OUT of the pockets of the average American, and it IS, buying gold puts it back in. I guess you could LOSE money and snivel about it on the web, or you could DO something about it TODAY. Buying gold has never been easier, even in small amounts.
Quantitative-easing, regardless of how it's spun is printing money which was never earned.
One example of this monetary madness can be studied in the early 1920s when the German economy was floundering. The then government began a program of quantitative-easing by printing money the country never earned.
NOW, check this out.;- Their policy of quantitative-easing led to Germans carrying mark bills worth 20, 000,000 (MILLION) 50,000,000 and 1000,000,000, JUST TO BUY EVERY DAY GOODS.
Not long after this ECONOMIC CATASTROPHE ended Adolf Hitler and his gangsters were voted into power by a disillusioned and demoralized German electorate.
MAKE NO MISTAKE, BIDEN AND HIS COMMUNIST CRONIES ARE LAYING THE FOUNDATIONS FOR WHAT HAPPENED IN GERMANY 100 YEARS AGO.
I recommended the buying of gold on this site around one year ago.
I wouldn't have done so when I was younger, greedier and a little unscrupulous.
If you hit upon, what I call a, Klondike (not necessarily gold) it is best to suppress your ego and stay quiet while raking in the moolas.
Clearly you've never been in business, and by all accounts never will be.
If you discover a niche in the market a shrewd businessman will keep quiet and not boast about it.
IN BUSINESS YOU DON'T HAVE ANY FRIENDS.
If asked how's business, it's best to reply along the lines of, ah, getting a turn, bit of a struggle to be honest.
Once you let your ego kick in and start boasting how your newly discovered Klondike is generating record profits you'll soon, very soon find that your friends have gone into competition with you and are reducing your share and profits of the market place which, before your bragging, you had to yourself along with a limited, like minded few in the know competitors with whom you can come to an ''ORDERLY MAKETING ARRANGEMENT''.
The profitability of your business will drop due to your friends who are now your rivals competing for their share of the available market by reducing their prices and, to survive in WHAT WAS YOUR KLONDIKE, you too have to reduce prices.
SO THE UPSHOT IS;- YOU HAVE A SMALLER SHARE OF THE MARKET, OR, IF YOU LIKE, LESS UNITS, AND REDUCED UNIT PROFITS, ALL AS A RESULT OF WANTING TO TELL YOUR ''FRIENDS''!! ABOUT HOW BIG A SMART ASS YOU ARE.
IT'S SAD THAT I HAVE TO POINT OUT THAT SUCH A PHILOSOPHY IS BAD BUSINESS.
If you don't INSTINCTIVELY know this fundamental rule of commerce be advised that you lack the business acumen which is necessary to succeed in the cut & thrust world of private enterprise.
In that context it is good that you never ventured too deep into world of dog-eat-dog of competitive business.
Trying to argue against the long since accepted basic ground rules of successful business practices is futile and a waste of time.
But from here on, it's going to be only your time wasted.