Day: July 6, 2022

Inflation, The Ugliness

Most of us are dealing with surviving this current rash of inflation….our gas, food and housing is far more expensive than say a year ago.

AS the situation drags on it drags working families into a pit of despair….and the solutions are not there to protect the families from failure….the face of inflation just keeps getting uglier and uglier…..

Inflation is beginning to show its ugly side, polarizing political systems and fueling strikes and protests that disrupt economic activity. It’s happening in France and the UK and will occur across every country highly dependent on food and energy imports — the two drivers of today’s inflation surge.

Inflation, the sustained rise of the prices of everyday items, has two sides — the bad and the ugly. The bad side is mainly about economics. It’s crushing family budgets, making it hard for low- and middle-income families to afford to put food on the table, gas in the car, and live in a comfortable place.

In addition, the bad side of inflation is about slower economic growth — even a recession — as higher spending on essential products leaves minimal funds for discretionary items. For instance, the US GDP growth declined by 1.6% in the first quarter of 2022. That’s primarily due to a shortfall in consumer spending, as inflation runs at multi-year high no matter how it is measured.

The ugly side of inflation is social and political unrest. It polarizes political systems and pushes societies into chaos, as high inflation turns slow economic growth into outright recessions and even depressions, throwing people out of work. Germany’s economy back in the 1920s experienced among the worst hyperinflation periods the world has ever seen, and the political and social unrest that followed attests to the dangers.

https://www.ibtimes.com/inflation-beginning-show-its-ugly-side-3557876

Times are tough and will most likely get even tougher…..and what is the president doing to help American families?

A gas tax holiday.

I have made my thoughts known on the idea of a gas tax holiday….

Answers To Inflation

I do not see this as the answer, as you can read……

All the American oligarchs are worried that any attempts to curb inflation will hurt productivity and that would lessen there profits….and we cannot have that now can we?

I say screw ’em.

They have enough cash on hand to manipulate the markets in their favor let them live off that while we fight inflation…..let them see what it is like to struggle…..American families have been doing it for decades while the oligarchs getting richer by the month.

Any thoughts?

I Read, I Write, You Know

“lego ergo scribo”

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News From Ukraine

You remember Ukraine right?

With all that is happening I thought you might have forgot the conflict.

Pres. Biden has made it very clear that we will be in Ukraine “as long as it takes”….(that should scare the crap out of Americans)

On the final day of the NATO summit in Madrid, President Biden declared that the US and NATO will support Ukraine for ‘as long as it takes’ for Kyiv to win its war against Russia. He also said that his administration will be announcing a new $800 million weapons package for Ukraine in the coming days.

“We are going to stick with Ukraine and all of the Alliance is going to stick with Ukraine as long as it takes to, in fact, make sure that they are not defeated by… Russia,” Biden said at a press conference.

(antiwar.com)

Then the news came out that the US will gladly throw more good money after the bad we have already thrown at Ukraine (and what has it accomplished?)

The Biden administration on Friday announced a new $820 million weapons package for Ukraine, which includes National/Norwegian Advanced Surface-to-Air Missile Systems (NASAMS) for the first time.

The NASAMS is a joint project between the Norway-based Kongsberg Defence & Aerospace and Raytheon, the US weapons maker that Secretary of Defense Lloyd Austin worked for as a board member before taking his post at the Pentagon.

The NASAMS is an air defense system with a range of over 100 miles and is used to protect the air space around the White House and the Capitol Building. US officials made it known earlier in the week that Washington would be sending the NASAMS to Ukraine.

The new weapons package also includes additional ammunition for the High Mobility Artillery Rocket Systems (HIMARS), up to 150,000 rounds of 155mm artillery ammunition, and four additional counter-artillery radars. The money for the arms is being pulled from the $40 billion Ukraine aid bill that Biden signed in May.

Of the $820 million, $50 million is for the HIMARS ammunition and uses the presidential drawdown authority, which allows Biden to send Ukraine arms directly from the US military’s stockpiles. The remaining $770 million is for the rest of the weapons and comes from the Ukraine Security Assistance Initiative (USAI), an authority the president can use to purchase weapons for Kyiv.

(antiwar.com)

Seriously more  money?

Yep and even called for billions more to rebuild the country…..

A two-day conference on Ukraine’s future reconstruction efforts kicked off in Switzerland on Monday, and Ukrainian officials put the price tag for their “recovery plan” at $750 billion.

Addressing the conference virtually, Ukrainian President Volodymyr Zelensky said the reconstruction of Ukraine is a “common task of the entire democratic world — all countries, all countries who can say they are civilized.”

Ukrainian Prime Minister Denys Shmyhal said the funding would need to come from grants and loans from partner nations, independent organizations, corporations, and Ukraine’s own budget. But he said Ukraine believes the “key source of recovery should be confiscated assets of Russia and Russian oligarchs.”

(antiwar.com)

Using frozen assets would be outright stealing

If this is truly about the security of Europe then why is the US spending all our taxpayer money protecting Europe.  If Europe is truly concerned about their security should they not be doing more and wasting more of their money?

Just wondering.

Those sanctions on Russia oil……

As Russia is making more money from oil sales now than it was before the war, the US is looking at ways to hamper Moscow’s profits while not causing another spike in prices. One idea G7 leaders are exploring is placing a price cap on Russian oil, a plan doomed to fail as it would need the cooperation of Vladimir Putin as well as China and India, which have significantly stepped up their imports of Russian crude.

“I suggested a while ago that what we should consider doing is putting a cap on the amount of money that… the world would pay for Russian oil,” Biden told reporters. He said that he delegated a team to “sit down and work out that mechanism” for the price cap. “We think it can be done,” he said.

(antiwar.com)

I did not think sanctions were the answer and so far I was proven right.

The conflict in Ukraine is ripping funds from this country…..funds we need to aid the American people….and yet Ukraine is far more important than you and your family.

And the war goes on….and the American cash flies out the door….

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I Read, I Write, You Know

“lego ergo scribo”