You guys really thought the last admin printing 80% of the total money supply EVER printed in the last 4 years wouldn’t have consequences? This was intentional. No one does this without the intent of creating inflation.
S&P end of 2019: $240
S&P last week: $600+
The cumulative value of the top 500 companies within the last 5 years has been more than 150% over the peak of the entire history of the market, which is 100+ years old. This isn’t even taking into account all of the fake crypto money out there.
I’m not blaming Biden. He was comatose. His cabinet deliberately did everything it could to prevent wars from ending and accelerating our debt to irreparable levels. You’re so cooked. That little Reddit brain doesn’t know what to think anymore.
“Just tell me what opinion I should have Reddit. I’ll do anything to be part of the right think!”
Do you not understand how inflation works and what is necessary to stop it? You’re acting like money wasn’t printed and rate hikes weren’t a thing for the last four years.
Inflation and rates went up due to COVID supply shortages and necessary spending. You realise both rates and inflation were coming down? And Trump's policies are inherently inflationary? He is literally raising prices. As for Biden's 'unending wars' please find me a time America hasn't been in a war. Your think he should have laid down and let Russia and their dictator take Ukraine? Or are you a Trump sheep and think Ukraine started it?
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u/sludge_dawkins 27d ago
You guys really thought the last admin printing 80% of the total money supply EVER printed in the last 4 years wouldn’t have consequences? This was intentional. No one does this without the intent of creating inflation.
S&P end of 2019: $240 S&P last week: $600+
The cumulative value of the top 500 companies within the last 5 years has been more than 150% over the peak of the entire history of the market, which is 100+ years old. This isn’t even taking into account all of the fake crypto money out there.