Economic growth remains strong despite concerns over inflation
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- Опубліковано 7 вер 2024
- CBS News business analyst Jill Schlesinger discusses how American consumers are helping to boost the economy. The latest numbers show economic growth doubled to an annual rate of 2.8% in the last three months from 1.4% in the first quarter of 2024.
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Inflation has gone down, corporations have kept prices high in a few areas purely for profit, keep an eye on them. Know who is actually to blame.
Inflation slowing is not going down...this is called disinflation. And corporation are not here for charity , they have to forecast sales so they always move customer prices higher if they expect wholesale prices to keep pushing higher. If you were them; you would do the same thing ...
Inflation is always a monetary phenomenon and come from one place.. government
And inflation is cumulative. You have an id10t to think CPI is 3% as going down. The money supply has grown 40% last 3 years ...
So people are saying "why is there inflation? I keep buying things like crazy but the inflation just won't go down"..... LOL!🤣
Yes and in the USSR the economy was great too! The правда always said record breaking prosperity!
There will be this awareness that we need to rethink how the money system works, we need to get out of a debt-based economy. We cannot allow a small power elite to create money and reap the profit from lending it with interest. This is something that the state needs to take on, and the state needs to be in control of the money system so that only the state benefits and thereby the people benefit. If the state makes money off of money, people do not have to pay so much taxes.
It needs to be seen that the only institution in society that has a right to make money off of money is the state. The state, of course, cannot go into the many forms of schemes that the capitalists have come up with in order to manipulate the economy because the state has no interest in manipulating the economy. It simply has an interest in creating a money system that allows for the greatest amount of creativity, movability of the money, the greatest ability to finance new businesses. This will promote a growth in the economy, and the more the economy grows, the more it is in the interest of all of the people and also, of course, in the interest of the state. These are very, very dramatic shifts compared to what you have today but they are not so unrealistic that they are so far off. It can come to that point where there is such an awareness of the existence of power elites that they will very quickly be put out of commission by the democratic nations. There will be either a raised awareness of how the power elites work and how anti-democratic it is, or there would be an awareness that if we do not reform the money system, then our economies, our debt-based economies, are going to collapse. The debt has reached such proportions that no country can pay it back and it is, in fact, in no way democratic, in no way in accordance with the democratic ideals, that the population of an entire country are enslaved financially so that for the next many decades a majority of their resources will go to pay back the interest to a small power elite. How is this democracy? How is this freedom? How is this allowable in a democratic nation, in a democratic world?
Inflation continues along with record corporate profits.
Coincidence?
Of course not.
Big corporations give big campaign donations in return for big favors, such as doubling prices without any repercussions. Biden was all talk about heavier taxes on wealthy and large corporations to keep his voters calm all the while taking their money with no repercussions. Carter did that in the 70s, everyone figured it out, he lost big to Reagan. With politics, follow the money and you find your answer. BTW, Biden cant keep that money now, but the DNC can, that is why Jill is so infuriated.