While I agree with much of what has been posted lately far right is just as dangerous as far left. And far right in last 5 years or more has had more way more power and sway so until that changes those are folks I watch and fear grabbing more.
Yeah. People with HVAC, running water, indoor plumbing, refrigeration, a grocery store with meat, year round produce and fruit... saying "eat the rich". They are the richest 1% of the planet - and according to endless surveys, more willing to lose a finger than their smartphone - and they're chanting this kind of shit and marching for it. I. Just. Can't. Somebody with that much self-hatred? Yep.
Fanaticism is dangerous, of course. But whataboutism isn't a good answer to someone pointing out that a problem exists.
How were bitcoin miners and traders part of the demand spike when the DRAM price fixing I cited had happened in the early 2000's, well before crypto was invented. Do you have any real knowledge or understanding of anything ?
Nice observation. Just one minor correction: replace: The worst part is the people who the money was supposed to help the most are getting creamed by the inflation, and will get creamed again as the economy collapses under the direction of the Fed. with: The worst part is the people who the covid money rescued when their jobs were lost are likely to get creamed by the inflation, and will get creamed again as the economy collapses under the direction of the Fed. Imagine what would have happened if unemployment had been allowed to run out on those millions who were sent home because of the pandemic and all the business owners who otherwise would have gone under had they not gotten help from the Federal government. Imagine the subsequent consequential carnage that would have occurred. The pandemic money compensated for the decrease in money velocity during the pandemic. For the primary causes of the current inflation, however, we must look elsewhere. The U.S. has the lowest inflation among developed countries right now, in part thanks to the Dollar being the reserve currency. What does that tell you about the origin of the current global inflation? Why are many other countries experiencing higher inflation than the U.S. Is the amount of inflation related to dependency of a country on imports, oil, gas and other commodities? What do supply shocks do to the cost of these imports? The fed is dead set on putting people out of work to bring inflation under control. Of course the fed doesn't put it in those terms. Nevertheless the coming hard recession is going to hurt plenty. The 1%, however, will hardly notice a thing other than the drop in the worth of their bond portfolios. (What am I saying!, if they are in the 1%, they are well hedged.)
The FED is noticing the same thing:- (The Daily Upside) Fed losses The Federal Reserve is among central banks that are now sitting on paper losses on their massive bond holdings, which were accumulated as part of their rescue efforts in recent years. The US Treasury will see a “stunning swing,” going from receiving about $100 billion last year from the Fed to a potential annual loss rate of $80 billion by year-end, according to Amherst Pierpont Securities LLC.
Attempts at price hikes can only occur in the right environment. OPEC can hardly raise prices if the US floods the market for example. It was well known to all, except you apparently, that bitcoin miners were driving up processor prices pre-covid. And you are calling me out for not knowing anything? right on How Bitcoin Mining Is Driving Up The Cost Of PC Graphics Cards By AJ Dellinger 01/30/18 AT 12:27 PM How Bitcoin Mining Is Driving Up The Cost Of PC Graphics Cards (ibtimes.com) Graphics card DRAM pricing expected to stop increasing Q3 2021 The value of many cryptocurrencies is far below their all-time highs, which has caused many changes to the graphics DRAM market. Whether it be to increasing levels of regulations on cryptocurrencies or Ethereum's current value, the demand for new graphics cards from cryptocurrency miners had been significantly lowered, so much so that it's starting to impact graphics DRAM pricing. Graphics card DRAM pricing expected to stop increasing during Q3 2021 | OC3D News (overclock3d.net)
Not familiar with the term "fifth column" - interesting definition, seems to sum up the MAGA cult. Speaking of review to your fictional reference "Marxist Playbook for Fifth Column Marchers, 1962 edition"; as per dictionary.com, "The specific phrase speak truth to power is credited to Bayard Rustin in 1942. Rustin was a Black Quaker and a leader in the Civil Rights Movement, advocating nonviolent methods in his fight for social justice." While being salty is certainly your prerogative, your cynical strawman summarization is off-the-mark wrt Katie Porter. It's clear that you do not understand the context of her work.
whoops yes! I meant the other 2018 'scandal' anyway, it is still nothing, just as it is when Apple has an iPhone monopoly and OPEC tries to raise prices. At the end of the day they end up hurting themselves if they raise it way above a demand equilibrium, as would happen to any trader trying to manipulate like that