Comments by "L.W. Paradis" (@l.w.paradis2108) on "Inflation SURGES AGAIN, Devastating Biden Reelection Chances" video.

  1. We have had MASSIVE deficits for decades. Explain what happened now. N. B. Did you know that "fractional reserve banking" has set the reserve percentage to ZERO?
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  2. ​ @zachbot1 What is going on, that people will claim a video says the opposite of what it says? Freaky weird! 😮
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  3. ​ @zachbot1 💯
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  4. ​ @ericheick7044 OH REALLY? I suggest you take a look at the big picture. You know, like the economic history of the post-WWII period, up until today, and not just the last 5 years. Maybe scrutinize the causes and aftermath of the 2008-2009 debacle (which Obama ended up doing nothing to fix). Why did minimum wage cover a modest apartment and in-state college tuition back in 1970? How did we manage THAT, during the Cold War -- with higher taxes and higher interest rates?
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  5. We have had MASSIVE deficits for decades. Explain what happened now.
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  6. @343Films  You mean the ADMITTED inflation rate, no? Take a look at the bubbles (housing, medical care, education, stocks come to mind) since Clinton, then get back to me.
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  7. He made bank very easily.
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  8. What does Robby create? He's had a cushy life.
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  9.  @fisherman1353  Whose money is whose, in a world where Fauci is rich and Hunter Biden gets paid millions by a Ukrainian energy company, and Congress is permitted to do insider trading? Where people can make billions in financial speculation or inventing new tech companies that degrade the quality of everyone's lives? Let's get real. Investors in Pfizer got rich, while restaurant workers lost everything. Bankers got their bonuses in 2009. The BP CEO got richer after the well blew in the Gulf. This is not good. Maybe we need to look into this big picture a little more closely. (And by the way, why did minimum wage cover a modest apartment and in-state college tuition back in 1970? Why could two people earning minimum wage afford to get married back then? How did we manage THAT, during the Cold War -- with higher taxes, to boot?)
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  10.  @fisherman1353  Too bad they just sense errd me again. I just listed all those who got rich over the last few years, and how they did, starting with Fauci but not ending there by any stretch.
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  11.  @fisherman1353  They've prohibited me from saying what I had to say. That means I leave.
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  12. Well, 50 years ago, a minimum wage job paid for a modest apartment and in-state college tuition. Two people working full time for the minimum wage could afford to get married and start real life. Maybe it IS up to the government not to permit the degradation of the currency to the point where a full-time worker can end up homeless. Hmm, there's a thought. 🤔
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  13. Besides, vastly more money can be made in the stock market than by actually working. Funny you don't rail about that. 😂
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  14. We have had MASSIVE deficits for decades. Explain what happened now.
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  15.  @ryanblanks6092  I agree with this.
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  16.  @ericheick7044  No, YOU don't. A dollar is not a rigid yardstick. You clearly think it is. You've memorized a handful of talking points that you don't even understand, so you resort to emojis.
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  17.  @ericheick7044  The MAIN reason tuition went up is because states stopped funding state universities. This is the main factor. Then the lid was off. Government loans certainly did nothing to help, they only accelerated the inevitable, once the subsidy for higher education was withdrawn --- and issuing bonds for massive campus BUILDING PROJECTS was prioritized over education.
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  18.  @ericheick7044  No, what's happening is cents err ship. Or is that a mystery to you as well?
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  19.  @ericheick7044  Your tender eyes won't see my reply. SMH (I thought everyone knew that by now. I may not see yours, for all I know!)
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  20.  @ericheick7044  There is absolutely no ad hom in my posts. I suggest you reread yours, "genius."
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  21.  @ericheick7044  You mean your "knowledge base" extends barely to two one-term administrations? No inquiry into the 2008-09 crisis? The series of bubbles in various sectors, that have occurred to some degree since Reagan, but especially since Clinton? And you trust FRB inflation statistics? Okay. Never mind. Sorry I got involved. Good luck to you.
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  22.  @ericheick7044  None of my posts contain ad hom. But thanks for calling me a genius! :)
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  23.  @luodeligesi7238  💯 The point about fractional reserve banking does, however, bear scrutiny. It is uncharted territory, and creates fragility in the system. It's as if you were on a massive ship and a bunch of little leaks suddenly appeared . . . no iceberg yet, . . . however . . . .
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  24.  @ericheick7044  My point is that 2009 set the stage for greater volatility going into the future, and created greater systemic risk. We just as easily could have gone into another recession, with less means of mitigating it, short of risking inflationary pressures on essential goods -- which comes pretty close to describing what is happening now. It's not a series of snapshots, it's one beast. Okay, I'm tired now. Read up on that period.
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  25. What is the purchasing power of that sum?? In 1970, two people working for minimum wage could afford a modest apartment in ANY city, and take a night class in college, in-state tuition. They could afford to get married, too. The top four quintiles (= 80%) had a decent quality of life in 1970 (though it was far from luxurious -- but that's a good thing, usually). Today, only the top 10% do.
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  26. Have you ever looked at the Federal Reserve Board's survey of family finances? It comes out every 3 years. Maybe get a clue
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  27. She didn't vote for Biden or Hillary.
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  28. That little "after-school" job used to pay the rent on a modest apartment AND pay for in-state college tuition. That is what young adults did in 1970. They could even afford to get married, and start real life. How about today??
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  29. We have had MASSIVE deficits for decades. Explain what happened now. N.B. Did you know that "fractional reserve banking" has set the reserve percentage to ZERO? Maybe we need to look into this big picture a little more closely. Why did minimum wage cover a modest apartment and in-state college tuition back in 1970? How did we manage THAT, during the Cold War?
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