Also, there has been very little cash given to Ukraine, it is equivalent value of military weapons, meals, uniforms, spy/monitoring/communication systems). In this case, the items are replenished so it is actually the military contractors that are selling the goods and making a profit.

but the goods are all paid by taxpayer first. that value did not come out of thin air.
who owns it and what happens later is irrelevant.

 

but the goods are all paid by taxpayer first. that value did not come out of thin air.
who owns it and what happens later is irrelevant.

Well, it didn't come out of thin air but it did come out of a warehouse where it has been sitting for 5 to 20-years. The only current boost to the economy is the expense (labor, materials, profit, etc) to replenish what has been shipped out of the warehouses. Not everything will be replenished to the same level.

 

Wrong. Money is created from nothing. Yes, money comes out of thin air. It is all smoke and mirrors.

Money is created by banks and governments by adding numbers to a file on a computer system. When you and me, businesses, corporations, institutions and governments want to build or buy something we go to the bank and get a loan. A loan is created out of nothing by giving you credit on a computerized account. Money flows through the economy and is realized as increased asset value by creating new physical assets (e.g. new construction) or by inflated values (e.g. rising valuation of property values).

If you want to learn more about how money is created, read about FIRE (finance, insurance, real estate) in Michael Hudson's book Killing the Host.

 

well if it is nothing to you, why don't you send me some sizeable amount of money. after all it is all smoke and mirrors.
yes, money is created out of "nothing" but it represents real value. and that value is what economy runs on - regardless of form that currency may take. some countries tried flooding marked with currency and it turned badly for their economy. too much or too little of something (or nothing) is a problem. everything is about the balance. balance is severely disturbed when equivalent of railroad trains or truck convoys of money are spent, specially when energy supply is limited, energy cost is increasing, employment is down and many are living on the edge.

 

https://www.axios.com/2022/06/11/tampon-menstrual-pad-shortage-june-2022
Supply chain issues are creating a tampon shortage

 

(building up military, by giving subsidies to various entities, by cutting taxes, or simply lending money from the central bank (The Fed) at a very low rate.

Guess who that was done by? Also was told by the Fed to raise interest rate to avoid what is happening now. some in this thread will complain that this is a political statement but it's not. It's pure history.

 

https://www.macrotrends.net/2015/fed-funds-rate-historical-chart

 

On a side note, the US Federal Reserve is not run by the US Federal Government. Decisions are made by the Federal Open Market Committee which is accountable to 12 independent Reserve Banks.

"In addition, though the Congress sets the goals for monetary policy, decisions of the Board—and the Fed's monetary policy-setting body, the Federal Open Market Committee—about how to reach those goals do not require approval by the President or anyone else in the executive or legislative branches of government."

Reference: https://www.federalreserve.gov/faqs/about_14986.htm

 

On a side note, the US Federal Reserve is not run by the US Federal Government. Decisions are made by the Federal Open Market Committee which is accountable to 12 independent Reserve Banks.

"In addition, though the Congress sets the goals for monetary policy, decisions of the Board—and the Fed's monetary policy-setting body, the Federal Open Market Committee—about how to reach those goals do not require approval by the President or anyone else in the executive or legislative branches of government."

Reference: https://www.federalreserve.gov/faqs/about_14986.htm

and yet, the Federal Reserve Act is a law passed by Congress snd signed by the president. The president appoints all board of governor nominees and confirmed by the senate. Trump claimed he had the authority to fire Powell if he didn't lower interest rates in 2019 ( when the economy was cruising along before COVID). Nobody challenged the prospect if he can fire the fed chairman because Powell convinced the rest of the board of governors to lower interest rates. So, the last word is, the President likely can fire the chairman.

 

https://www.ndtv.com/world-news/pak...a-as-economy-faces-loan-burden-report-3069304

Pak Minister Asks Citizens To Drink Less Tea As Economy Faces Loan Burden: Report
"I appeal to the nation to cut down the consumption of tea by 1-2 cups because we import tea on loan," Mr Iqbal said while speaking to reporters in Islamabad on Tuesday.

 

Yup, they owe so much money to china for infrastructure loans they will soon be owned by china.

 

https://www.washingtonpost.com/business/2022/06/09/inflation-worse-poll-americans/

Most Americans expect inflation to get worse in the next year and are adjusting their spending habits in response to rising prices, according to a poll conducted by The Washington Post and George Mason University’s Schar School of Policy and Government.

Inflation, which is near 40-year highs, has lifted the cost of just about everything, including essentials such as gas, groceries and housing. Overall prices are up 8.3 percent in the past year.
Families are feeling the pinch. Nearly 9 in 10 Americans say they’ve started bargain-hunting for cheaper products, and about three-quarters are cutting back on restaurants and entertainment, or putting off planned purchases, according to the Post-Schar poll conducted in late April and early May.

https://www.cnbc.com/2022/06/15/fed...-a-point-the-biggest-increase-since-1994.html
Fed hikes its benchmark interest rate by 0.75 percentage point, the biggest increase since 1994

 

Here or the jokes thread?



"LOS ANGELES—The average gas price in the state of California is now $6.66, according to a report by the LA Times. This has made it tricky for some motorists who keep bursting into flames every time they fill up their gas tanks.


Biblical scholars are reviewing the text of Revelation to see if this correlates with the mark of the beast as described by the apostle John.

"I knew it!" said Horace Oldman, a church pastor who has unsuccessfully predicted the end of the earth five different times. "It's all in the Bible code, friend. You have to not just read what John wrote but really read between the lines too," he said.

"You see, they didn't have gas back then," he continued, "so he described things like a dragon with ten horns and seven heads. That's obviously just talking about oil derricks. Then the beast from the earth are pumps that call fire from the sky. Because fire is something gas can turn into. But since it's evil we're inverting it so it's coming up out of the ground instead of out of the earth."

"DO YOU SEE?"

Horace Oldman predicts the price of gas will top out at $144,000 a gallon.

Theologians at the Claremont Colleges have distanced themselves from this idea.

"It's a coincidence," says Dr. Rabert Heystone, a theologian and political lobbyist for Big Oil. "You can't take one element that fits and mush everything else together. You have this number 666 but you don't have it as a mark, you don't have a moon turning to blood—and never mind the fact much of Revelation is symbolic. You can't pick and choose what is literal and what isn't just to fit your narrative."

Dr. Heystone and his contemporaries, however, have thus far been unable to explain why people keep bursting into flames and becoming unholy supporters of a New World Order.

"I don't know," said Dr. Heystone. "Prices are high. It's stressful." "

From - https://babylonbee.com/news/not-a-good-sign-average-gas-price-in-california-now-666

 

Here or the jokes thread?



"LOS ANGELES—The average gas price in the state of California is now $6.66, according to a report by the LA Times. This has made it tricky for some motorists who keep bursting into flames every time they fill up their gas tanks.


Biblical scholars are reviewing the text of Revelation to see if this correlates with the mark of the beast as described by the apostle John.

"I knew it!" said Horace Oldman, a church pastor who has unsuccessfully predicted the end of the earth five different times. "It's all in the Bible code, friend. You have to not just read what John wrote but really read between the lines too," he said.

"You see, they didn't have gas back then," he continued, "so he described things like a dragon with ten horns and seven heads. That's obviously just talking about oil derricks. Then the beast from the earth are pumps that call fire from the sky. Because fire is something gas can turn into. But since it's evil we're inverting it so it's coming up out of the ground instead of out of the earth."

"DO YOU SEE?"

Horace Oldman predicts the price of gas will top out at $144,000 a gallon.

Theologians at the Claremont Colleges have distanced themselves from this idea.

"It's a coincidence," says Dr. Rabert Heystone, a theologian and political lobbyist for Big Oil. "You can't take one element that fits and mush everything else together. You have this number 666 but you don't have it as a mark, you don't have a moon turning to blood—and never mind the fact much of Revelation is symbolic. You can't pick and choose what is literal and what isn't just to fit your narrative."

Dr. Heystone and his contemporaries, however, have thus far been unable to explain why people keep bursting into flames and becoming unholy supporters of a New World Order.

"I don't know," said Dr. Heystone. "Prices are high. It's stressful." "

From - https://babylonbee.com/news/not-a-good-sign-average-gas-price-in-california-now-666

Jokes ...

 

https://www.cbsnews.com/news/stocks-drop-retirement-savings-401k-ira-3-trillion-2022/
Stock market's fall has wiped out $3 trillion in retirement savings this year

 

There goes my IRA.

 

Thank God for annuities...

 

Mysterious HUGE blaze engulfs Russia’s largest gas field

I would think it's just an accidental explosion like this one.

 

Bitcoin Inflation hedge?

Protect your capital.

 

https://www.wcnc.com/article/news/v...heck/536-b02b3274-bc39-490e-83ca-0d66822eb5aa

Production of Sriracha hot chili sauce has been suspended until September due to a “severe” chili pepper shortage, Huy Fong Foods, Inc. says.

https://marketrealist.com/p/peanut-butter-shortage/
Peanut Butter Shortage Hits U.S. Consumers After Jif Recall