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jgw #334156 05/13/21 05:14 AM
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I said caucus with the Democrats, not become Democrats. When it comes to votes that promote sedition, they might vote with Democrats when they vote against that sedition. They can still be conservative and Democrats can be a mix of liberal, centrist, and conservative. The Trump Party, on the other hand, seems to be the Party of lawlessness, anti-democracy, pro-Putin, etc. Everything the two mainline Parties have agreed to oppose over the years. So a coalition to defeat the Trump Party might be possible.

Once that garbage is buried in the landfill, they can return to arguing over their respective positions.


We're flying electric helicopters on Mars yet you can't turn on your clothes dryer in Texas. That's because scientists are in charge of Mars, and Republicans are in charge of Texas.
jgw #334159 05/13/21 02:56 PM
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Ah yes, Inflation. I've noticed the price of bread has gone up fro 2.50 to over 3.00, meats especially have risen quite a lot. Regardless, here:

"Growing inflation is Biden's hidden tax on working Americans"

https://thehill.com/opinion/finance...s-bidens-hidden-tax-on-working-americans

Inflation may become a huge issue in 2022 if it isn't reigned in. It does have the potential to over ride the ill feelings most have for Trump, especially among independents. Although Biden now has a 53% approval on the economy, 42% disapproval, that is mostly driven by Democrats who give him an 80% approval rating vs. 13% who disapprove. Now independents, the election deciders show 44% approval, 48% disapproval.

If inflation becomes an election issue, that won't be good news for the Democrats. Perhaps even worst is the trend independents now have for Democrats in congress vs. Republicans in congress. Independent's view of Democratic congress critters 29% favorable/59% unfavorable. Independents view of Republican congress critters, 28% favorable/60% unfavorable.

compare that to independents view of congressional democrats on 6 Feb 2021, 38% favorable/ 51% unfavorable vs. their view of Republicans in congress, 25% favorable/65% unfavorable.

That interesting, at least to me. Of course I'm probably the only one who follows independents very close while tossing the views of Republicans and democrats out the window. I already know how they'll vote, not so with independents.


It's high past time that we start electing Americans to congress and the presidency who put America first instead of their political party. For way too long we have been electing Republicans and Democrats who happen to be Americans instead of Americans who happen to be Republicans and Democrats.
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Cheney isn't going to caucus with the Democrats which she opposed her entire life. She's going to head a group of anti-Trump Republicans.

Republicans' Overthrow of Liz Cheney Risks Worsening Their Headaches

https://www.yahoo.com/news/republicans-overthrow-liz-cheney-risks-115704839.html?.tsrc=fp_deeplink

From the article

By excommunicating Cheney from her position, however, Republican lawmakers have created a host of new problems for their party.

They have underscored the grip that the increasingly unpopular Trump retains on their ranks; demoralized Republicans and independents who want to move on from his tenure; and, perhaps most significantly, emboldened a household-name conservative to take her case against Trumpism far beyond a Capitol conference room.

and

Yet it’s Trump who, well past Biden’s first-100-day mark, continues to present Republicans with their most vexing problem. At issue: how to accommodate a former president who’s beloved by their core voters, more detested than ever among the broader electorate and consumed with his defeat and campaign of retribution.


It's high past time that we start electing Americans to congress and the presidency who put America first instead of their political party. For way too long we have been electing Republicans and Democrats who happen to be Americans instead of Americans who happen to be Republicans and Democrats.
jgw #334165 05/13/21 05:44 PM
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Oh, we have been paying! Our problem is that if the current path holds true there could be pressure on the dollar which, in turn, means it gonna take more dollars to buy anything and this is how nations find that their money will eventually become worthless. We are, right now, heading there! Here is an explanation of that.

https://www.thebalance.com/interest-on-the-national-debt-4119024

Oh, historically, I think, this nation has NEVER not had a debt.........

jgw #334168 05/13/21 06:57 PM
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Jackson was the only president to completely pay off the national debt. There's also talk going around about the Chinese Yen replacing the Dollar as the world's currency. Of course that talk has been constant for the last 10 or so years.


It's high past time that we start electing Americans to congress and the presidency who put America first instead of their political party. For way too long we have been electing Republicans and Democrats who happen to be Americans instead of Americans who happen to be Republicans and Democrats.
jgw #334169 05/13/21 11:34 PM
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Originally Posted by jgw
Oh, we have been paying! Our problem is that if the current path holds true there could be pressure on the dollar which, in turn, means it gonna take more dollars to buy anything and this is how nations find that their money will eventually become worthless.
What happens when money becomes worthless, does everybody instantly die?


You never change things by fighting the existing reality.
To change something, build a new model that makes the old model obsolete.
R. Buckminster Fuller
jgw #334174 05/14/21 06:51 PM
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Nope, everybody just starves. Venezuela, for instance, has an inflation rate of 200,000 This means that their money is worth basically nothing. In other words it buys nothing. My understanding is that they use the dollar and now that one may fail as well if we are not very careful. Vensuela, incidentally was, several years ago, considered the richest nation in the world. What happened was simple - the Socialists took over and everything went to hell.

Money used to be backed up with some kind of something with worth. We used to back ours up with gold and then Nixon took care of that. What happened was that somebody figured out that, given the amount of dollars out there, that there wasn't enough gold, or silver, in the world to back the dollar. Stuff that has been used, in the past, to back money has been salt, tea, saffron, decorated shells, alcohol, cigarettes, cocoa beans, and barley. These days, however, most money is based on simple faith, just like the dollar and has no intrinsic value. Its always amused me. Folks not given to religion, don't believe in God, etc. still have faith - in the Dollar. Its almost religion but not quite.

Last edited by jgw; 05/14/21 06:52 PM.
jgw #334178 05/15/21 12:45 AM
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Originally Posted by jgw
Nope, everybody just starves. Venezuela, for instance, has an inflation rate of 200,000 This means that their money is worth basically nothing.
Too bad they can't eat money!

Is it possible to back up money with real things of tangible value?


You never change things by fighting the existing reality.
To change something, build a new model that makes the old model obsolete.
R. Buckminster Fuller
jgw #334181 05/15/21 06:24 AM
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I heard a discussion of inflation on Marketplace today. The two economists said what we are seeing are a few flukes occurring at once: Gas prices are high because of the pipeline hack. Used car prices are high because of a car chip shortage, so car manufacturers can't finish their new cars. Lots of manufacturing was disrupted by the Suez canal blockage. And of course the pandemic affects everything. They said these are all temporary events, and will have little effect on inflation in the near term. As for inflation of meat prices, I just bought chicken breasts for 99 cents per pound, which is what I usually pay when they go on sale at the local supermarkets. I also bought a pork shoulder a couple of weeks ago for $1.89 per pound, which is the usual price.

BTW: Hyper inflation does present one bit of underlying value for "worthless" currency. You can use it as toilet paper. The fact that you can exchange bills for coins puts a floor on bills' value because the coins have melt value. Of course here in the US the currency is backed by the ability of the government to collect taxes, I don't really think that is going anywhere!


We're flying electric helicopters on Mars yet you can't turn on your clothes dryer in Texas. That's because scientists are in charge of Mars, and Republicans are in charge of Texas.
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Its what can happen that has people concerned. You are right about right now but some folks are very sensitive to this sort of stuff especially when you can remember some of what can happen. There are extremes, one of which is Venezuela in which it takes 248210 Venezuelan Bolivars to buy 1 American dollar, for instance. Its interesting, I haven't look it up in a bit but the last time I looked the Dollar has continued to climb in value (makes it a good time to travel. You get, for instance, 1.21 Canadian dollar for one of ours. All this being true there is no reason to panic right now. I think the main cause of concern is Biden plan to raise the national debt by something like 60 trillion dollars. So far its unlikely he will be able to do that right now.

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