Quote:
Originally Posted by JDMDreams
There are literally two easy ways right now to stop inflation
A. Lock down for a month China style, = no spending no demand.
B. Unsanction Russia. Remember it's not Russia not selling us oil and what ever. It's Western world on their high horse thinking they are all politically better than others choosing not to buy their oil. And we're too good for pipelines cuz they for poor people. Maybe we can fill our cars and heat our houses with those extra vintage virgin extra aged old growth trees we have  
Yea basically we fucked ourselves over, we had the chance but due to mismanagement of our resources, our love of this imaginary feeling of saving the environment this is the price we pay. We can just give a big tree to each person that becomes homeless.  our great government supports you |
I gotta agree with Westopher on this one about curbing inflation and its effect on the real estate market.
JDMDreams, curbing inflation in Canada, the US, in western countries is not
EASY.
We are at over 6 percent inflation in Canada now. The highest inflation rate in Canada since 1991. The US inflation rate is at 8.58%.
I would wager that many people in RS now were just toddlers, kids in 1991 hhaa.
It's much more complicated than doing what you propose. A) Lockdown for a month. B) Unsanction Russia.
We live in a global economy now. What happens in one country has a huge effect on inflation in Canada.
One big factor that some people can overlook is the bottle neck in supply chain logistics that is happening across many industries now for many countries.
The lack of movement of goods in large ports such as Shanghai and Los Angeles creates this huge bottle neck of goods. A scarcity of goods such as microchips, electronics good, and cars for example.
Inflation is going up for sure when many goods are scarce in supply. Prices go up as transport costs are increasing with oil prices at a record high now.
How EASY would it be for our PM Turd or President Biden to just ask the Chinese President Xi to get the Shanghai port open? There are literally hundreds of shipping containers at the Port of Shanghai that are being delayed in shipment or being re routed to other Chinese ports because of the Covid lockdown.
Again the price of goods are gonna go up with delays in transport, and the increase in transport costs because of the oil price increase.
Shanghai just slowly emerged out of its lockdown.
How EASY would it be for Biden to ask the Saudi Arabian crown prince MBS
(Mohammad Bin Salaam) to increase Saudi oil production so that oil prices go down in order to curb inflation?
Although Biden is going overseas on a trip to visit the Saudi prince, his discussions with the prince are gonna be complicated given the US previous position of condemning the Saudi government.
Why? The US suspects that the prince set a team of hit men to kill, and dismember a reporter Khashoggi in response to that reporter's criticisms of the prince.
Good luck to sleepy Joe to ask, probably beg, the Saudi prince to increase oil production. The President is concerned about his approval rating and the Democrats' situation given that many Americans blame him and the Dems for the increase in gas prices.
When economic and political factors are taken into consideration, curbing inflation is not an EASY task at all for any politician or government.
Geopolitical situations make it pretty complicated for governments to curb inflation. The world that we live in now is complex and changing quickly.