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Interest ratesCPI is at the highest level in 40 years but its cool cause the worst affected segments are all non-essential shit like raw materials, food and fuel . -
The s are closing their ports down to achive "Dinamic-social zero covid with chinese characteristics"
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And westoid leaders unironically think that banning russian oil & gas imports might unironically be a good idea.
The world is shit and its about to get a whole lot shittier but I couldnt be happier because Im sharing it with you guys and we are about to witness unprecedented levels of seethe together. I love every single one of you
And remember, if news about funny numbers push you to , you probably weren't cut out for this world anyways. Just remember to shout out freeghettohoes.biz in your murder-suicide livestream, its your civic duty
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You know, all of this happening just as I turn an adult makes me think my life might be a simulation the real me is playing for entertainment, I have done part of my redemption arc so far but next I feel a war and getting drafted and all that would be just Very thematic. I do pity whoever I befriend first in the army though he'll probably die very gruesomely. But I look forward to capturing a war cute twink from tibet
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We're not having any of these problems here in California, besides the gas price thing (nationalizing would fix oil prices btw)
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Time to invest, but...
Darnit, what do?
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I dunno about you guys, but I'm really quite excited to let out my deeply-repressed homicidal rage.
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When the nukes hit im pretty sure internet gets restored in a week. Can't wait to shitpost with asscancer!
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burgers will never go to war unless either the internet or mcdonalds shuts down
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Find me when WTI is trading at less than $65/bbl
Until then I
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The US is a net fossil fuel exporter now, convincing the international community to ban Russian oil is great for American oil companies.
Take out loans to invest in commodities and you'll be the top crab in the barrel.
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yeah my economics friend keeps me updated on everything. He told me to stock up on guns but otherwise has no plans
Follower of Christ Tech lover, IT Admin, heckin pupper lover and occasionally troll. I hold back feelings or opinions, right or wrong because I dislike conflict.
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is he in a job or a student or a cryptobro?
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I mean, theres nothing else to do. Id put some money into wacky shiny metals but nothing else really
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Iβm having fun with bitcoin lately. My brain can understand it better.
Follower of Christ Tech lover, IT Admin, heckin pupper lover and occasionally troll. I hold back feelings or opinions, right or wrong because I dislike conflict.
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didn't crypto crash?
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Yeah Iβm buying the dip. Iβm not taking anything out for 5+ yrs at least.
Follower of Christ Tech lover, IT Admin, heckin pupper lover and occasionally troll. I hold back feelings or opinions, right or wrong because I dislike conflict.
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I'm just sitting here brapping up a storm on my phone waiting for the world to end
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Me too bro, me too
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Lets go Brandon
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Who turned on the money printer sweaty?
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Lol
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up your butt
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Uh, here?
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Daddy fed unironically owes me over 5k in returns plus that 1400 stimulus never got so pay up, chudvernment
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No skinny little goth girlfriend.
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You can probably find one in Portland 'cept xhe has a peepee and a bussy that's gaping and glazed like a frosted donut
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You sound like thats a bad thing!
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Yeah, thats bad.
Where are the sprinkles, b-word?
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You dont wanna know
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I should go.
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Why even live?
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Interest rates are NOT at a 40 year high, what in Marseyβs good name are you smoking.
(Ah, I see. You confused inflation with interest rates. Public schooling was a mistake.)
I mean, dude bussy lmao
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Sorry am, r-slurred , interest rates live rent free in my head as my student debt is adjustable-rate based.
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ngmi
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We zoomers never got this deal
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Itβs ok, babe. Hopefully the ghost of Volcker rises and fixes it.
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Even him can't save us from the supply side inflation thats about to shred our bussy
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How else are they going to get you to eat the bugs and live in the pod
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I dunno, by importing millions of unskilled migrants from a radically different cultural background ?
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Burgers don't have cultural background.
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They have one: it's excess and nonsense
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I assumed they would use marketing.
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They tried that with impossible meat and people wouldn't buy it despite it being the only thing in the meat section during covid
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I tried to buy it because I lived/live with a vegetarian and itβs actually pretty good. It was way easier to just cook two of those then to make one beef, one vegetarian.
But actually there was none in the grocery store either so I just ate the canned and shelf stable food I keep on hand at all times. Their supply chain seemed even more fricked than the supply chain for actual meat.
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the impossible burger is pretty good tbh.
Itβs not exactly like a burger but itβs close enough thatβll get it instead of feeling sick from excess grease.
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its a huge scam because its only 9/10th of a pound for the same or a higher price
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I mean kind of? At the bougie place I go to itβs the same price as the other exotic meat like bison or elk. Same 1/3lb patty too.
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Tobacco marketing execs managed to convince people that smoking was healthy (before the government got in the way) and impossible meat cannot even convince people to try their veggie paste patty. Tells you it all really.
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The reports of it being full of phytoestrogen probably didn't help
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In ten years, that will be the only reason it sells.
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We're about to go to war with Russia within this year. All we need is an Article 5 baby! So how about you shut the frick up and quit crying. The stock market is doing fine you dumb b-word.
@Transgender_spez
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Mfw u check the dow
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Sorry, communism got the better of me for a quick sec. I never doubted the stockmarket for one second. That would be unpatriotic
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Stop being a doomer.
The economy nerds will fix it
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LOL this is the fix
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The economy nerds spent 2020 declaring that we can print as much money as we want with no inflationary consequences
Current hyperfixation:
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MMT bah-beh
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Don't worry about that part
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The money printing has little to do with the global inflation we're seeing.
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Then we should print way more of it.
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The stimulus had some effect on inflation, lol. It's just not even close to the primary factor.
There's some weird mythology about inflation r-slurs have beat into society that states "inflation is only when you print money" and they'll just edit out every other factor.
For example what is pooled demand? People not spending money during the pandemic due to businesses being closed, anxiety about the future?
What about supply chains?
What about oil?
How much of the inflation is a correction in sector specific deflation?
This isn't even getting into the fact the alterative to the stimulus was economic collapse with unemployment hitting 17%
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It's going to be 2030 and you're still gonna be spewing about temporary supply chain issues being the only cause of inflation. Just give it up already.
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Don't think I said supply chains were the only issue but ok.
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You are actually brain dead omg
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I'm not is the thing, that's actually the pretty standard consenus.
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https://fred.stlouisfed.org/graph/?g=KplI
Consensus among politicians?
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No, economists from what I've seen.
Idk why people are so fundamentally incapable of accepting why we're seeing global inflation.
It's like the gas price stuff where people just straight up deny reality and claim the government is preventing drilling.
Even if we decided to ignore the real cause for most inflation, what was the alterative with unemployment hitting 17%?
Let the economy tank?
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Which analysts are you subscribed to? JPM? MS? Credit Suisse? (Lol)
You can drop the act, everyone knows youβre full of shit here
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I mean it seems like you are and kind of just mad about tbh.
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The thing is, Daddy was so intent on being re-elected, saving the economy wasn't enough. It needed to appear to be booming ( because he was a business man doing business) so he told JPow to open the floodgates. And so the major indexes mooned while GDP went to shit and the budget deficit ballooned. But hey, SPY is the economy, right?
This is nothing like the gas price stuff where people just straight up deny reality. Supply chains aren't perfect, but they're not the "real cause of inflation". Happy to read your sources tho.
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https://libertystreeteconomics.newyorkfed.org/2022/01/the-global-supply-side-of-inflationary-pressures/
For example. Like I'm not saying the stimulus had no impact, but supply chains and oil are probably much bigger factors.
Obviously Trump and his attempts to superheat the economy for short term political gain is relevant too.
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FYI this is earlier than Daddy. This goes back to
BernankGreenspan and no politician since has the balls to do what is right.Jump in the discussion.
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I've seen the standard consensus that this is just the Putin price hike.
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lol
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Let me tell you why the stimulus is the primary factor in the global inflation we're seeing and why supply chains, pooled demand, sector specific deflation, and oil are not real.
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I donβt care what you think is real.
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Wrong.
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Yeah yeah it's the supply chains and oil frickery/downstream effects of the oil frickery but I find it fun to connect it to the money printing because I do not respect macroeconomics as a science and normies aren't really capable of grokking either explanation
Current hyperfixation:
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Based
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Even then we have to consider sector spedific deflation - like in travel/tourism and then the rapid inflation that followed demand sky rocketing.
The chip shortages pre-date the pandemic even and were made much worse.
The cost of raw materials started sky rocketing due to trade wars before the pandemic.
My uncle runs a large construction company and was sperging over wood in 2018.
My step dad works in logistics and was sperging and claiming a shit show was coming in 2018, before the pandemic.
Like idk why people are so obsessed with the stimulus.
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Because it's a simple explanation and people here are very simple minded.
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Check the diff between stinulus and quantitative easing.
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I still hear ppl saying βpeople donβt want to work anymore, the government pays them too much.β
The stimulus was forever ago like what. Lotta shitty businesses donβt want to accept Amazon is preferable to working for them.
Follower of Christ Tech lover, IT Admin, heckin pupper lover and occasionally troll. I hold back feelings or opinions, right or wrong because I dislike conflict.
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Exactly lol. No business paying fair market wages is struggling to find workers.
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Yeah I had overheard a lady saying she had to halt her cleaning business b/c people βdidnβt want to work β¦ wanted to be paid $20/hrβ and βthat wasnβt going to happenβ¦β I mean it sure sounds like it did???
Follower of Christ Tech lover, IT Admin, heckin pupper lover and occasionally troll. I hold back feelings or opinions, right or wrong because I dislike conflict.
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Of course it did lol. The reality is gig work has put a ton of pressure on traditional low end jobs. Why go work for some r-slur for poverty wages when you can uber/dash, make more, not have a boss, and set your own hours?
The reality is these people cannot accept their poverty wages aren't gonna cut it anymore.
We're witnessing a revolution in which plebes, sick of being exploited, are just telling the small business tyrant class to frick off.
Which is ironic given the hatred the gig economy got from the media despite being a far better work environment on average.
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I actually remember a lot of people sperging about lumber not too long ago. Ben shapiro bought like a single piece for 60 bucks or something
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I'm just glad to see he is still capable of acquiring wood.
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Another totally unr-slurred take from pizzashill , how long can he keep this up @NoEntiendoMas ?
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I swear I think heβs taking his current stance just to get me to engage lol
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Id love to see you guys go head to bussy about economics lul
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I would not, his word games are predictable at this point.
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Trying to edit like 80% of the inflation out to reee about a stimulus that even if it increased inflation was the correct move is peak brainlet status.
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This is barely a sentence, cmon. If I needed an opinion on Florida white trash id call you.
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Quantitative easing? Whats that ?
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@pizzashill ooh, sounds like a challenge
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Just basic reality lol.
The biggest threat we're facing right now is the fed overreacting to inflation via political pressure and causing a recession.
A lot of the things currently causing inflation are problems that will be corrected over time.
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are you an economist?
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How many weeks do you think it'll take?
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Hard to say tbh, I'd expect it to start leveling out by 2023.
The feds need to strong arm the oil industry.
This bullshit "we'll only increase production by 0-5% no matter the price of oil" drivel is blatantly political.
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Hi @collectijism,
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Yeah it's kinda BS given the subsidies we give them. We should honestly just make the oil subsidies conditional on raising production. They'd change their tune, they're not dumb.
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One of them literally openly said this shit lol. He was on fox business declaring they were locked into 0-5% production no matter the price per barrel.
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@Sal help us out here?
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@Sal you absolutely useless stupid femboy shark get the frick in here and SAY THE FRICKING LINE itβs been thirteen hours
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@Sal Iβm so sorry. I had no idea you were dead. Youβre like the closest thing I have to a friend right now. Had, I guess.
Iβll never forget you in two weeks.
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He's grassed Im afraid
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Where is he
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I miss old wsb before it became a bunch of normies and activists.
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God dammit Adolf Putler!!!!
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Hi @stringauer,
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im not smart but that high level should lead to high consequences
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This angers the
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Nah heck just comment further diwn a comment chain wgere this isnt posted
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Brrr.money
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Oh donβt fret, heβs raising interest rates byβ¦ checks notes, 1/4%. Surely this will reign in the $9T+ we created and stored in
corporate debtfunny bank papers.Jump in the discussion.
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There's like eight of those on the books for this year. Economy doesn't like sharp corners.
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I donβt envy the job of the man who is tasked with reigning in demand rn
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If this frightens you, don't look at China's M2 in USD.
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China has a weird system with 2 currencies (internal and external) that I donβt fully understand. Perhaps intentionally, perhaps not.
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They don't have two currencies. They have a single fiat currency that has two sets of exchange controls: restricted (CNY) and unrestricted (CNH).
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I asked him nicely to delay raising them for a few decades. The second they hit 2% Italy ceases to exist and thats where I wanna retire.
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Wouldn't Italty's economy cratering be good for anyone who wants to retire there?
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Yes, what Italy needs is more
SomaliansSicilians coming and fricking up the good farm landJump in the discussion.
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Only to some degree, public infrastructure still needs to be funded otherwise you're looking at a peninsula wide refugee camp
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Implying it isnβt already
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No the plan this time is higher taxes and
less gibswait for the supply chain to fix itselfJump in the discussion.
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Higher taxes would help inflation tbf
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100%, they just have to pull "economy - good" lever. Just two more weeks
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Yes. Some poors may die but the economy demands sacrifice.
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Yea, it is a vengeful economy
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We're making the mother of all omelettes here Jack, can't fret over every egg
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the existing of /r/antiwork made the economy very angry. It would be best not to anger it further.
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So are you implying that if we sacrifice every antiworkcel to the economy style, theres a chance I might afford my own pod one day ?
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Considering antiworkers probably all pay a net negative in taxes, itβs be a good start.
This morning, Cum went to the park. I went with Coom. And Cum brought Coomer frisbee. At least I think it was Coomers. By the end of the day, Cum started throwing the frisbee to Cumself.
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Worked after 2008 it will work now
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