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The Biden Administration and All Things Politics

One Brow said:
When supplies run low, the value of the dollar also drops.
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No. That is not how that works. When the supplies run low the value of those supplies rises, but the value of the dollar is unchanged. For example if a dollar could buy a loaf of bread or a widget, then there is a widget shortage, the dollar would still buy a loaf of bread even if the price of a widget spiked up to two dollars.

Inflation is about the value of the dollar which affects the purchase price of both bread and widgets. That is what we are seeing. As far as supply and demand, that is fundamentally what has caused this situation, what democrats seem unable to grasp. The supply of dollars has been too great and caused the value of the dollar to decrease, which in turn is wreaking havoc on the economy. The democrat controlled house, democrat controlled house, and democrat president did that on a party line vote. Signs are pointing toward the American voters letting democrats know how they feel about their decisions to wreck the economy.
 
Meanwhile the value of the dollar has been rising vs other major currencies...

www.forbes.com

Why Is The U.S. Dollar So Strong Right Now?

Nearly every asset class has seen miserable returns in 2022, except for the United States dollar. The dollar has strengthened dramatically over the course of the year as the Federal Reserve hiked interest rates in an effort to quash sky-high inflation. The U.S. Dollar Index, which measures the gr
www.forbes.com www.forbes.com

Some people talk with authority on subjects they clearly don't fully understand. I'm no economist and I don't pretend to be. franklin was a very good source of information on these subjects and he didn't really follow party lines.
 
Gameface said:
Meanwhile the value of the dollar has been rising vs other major currencies...
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Yes the dollar has been on the rise vs other major currencies lately. Part of it is because even as fiscally irresponsible as American Democrats have been, there are other governments that are worse, and part of it is anticipatory. The world knows the Republicans are coming back into power and they are rushing to get in the door now.
 
Al-O-Meter said:
No. That is not how that works. When the supplies run low the value of those supplies rises, but the value of the dollar is unchanged. For example if a dollar could buy a loaf of bread or a widget, then there is a widget shortage, the dollar would still buy a loaf of bread even if the price of a widget spiked up to two dollars.
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Exactly, and when both bread and widgets run low, or are more expensive to produce/transport, etc., the dollar falls against both.
 
Al-O-Meter said:
Yes the dollar has been on the rise vs other major currencies lately. Part of it is because even as fiscally irresponsible as American Democrats have been, there are other governments that are worse, and part of it is anticipatory. The world knows the Republicans are coming back into power and they are rushing to get in the door now.
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:D :D :D:rolleyes::rolleyes::rolleyes:
 
So the strategic oil reserves are strategic as in when a President needs to use it for political advantage ?? Your politicians are even worse than ours
 
Douchebag K said:
So the strategic oil reserves are strategic as in when a President needs to use it for political advantage ?? Your politicians are even worse than ours
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Our actual strategic oil reserve is that if push comes to shove we'll go take the oil we need from wherever we decide to take it from at the point of a very large gun.

It has been used in this very way several times in my life. This is not a new trick that Biden came up with.
 
Gameface said:
It has been used in this very way several times in my life. This is not a new trick that Biden came up with.
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Not like this, it hasn't. Biden was a moron to scuttle the Keystone XL pipeline. The degree to which the democrats have painted America into a corner in the past 2 years is astonishing. Biden's recent moves are just thrashing as he tries to escape the consequences of his earlier decisions.

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Al-O-Meter said:
I'm pretty dumb and I say dumb things a lot. Biden revoked permits for the Keystone XL pipeline which hasn't contributed at all to our current oil supply and has not had any effect on oil prices at all. The degree to which the democrats have painted America into a corner in the past 2 years is non-existent. Biden's recent moves are just honest efforts as he tries to escape the consequences of Trump's earlier decisions.

1666275814-o_1gfqse85n1s121f3atds1dsq1rgq8_large.jpg
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I had to fix a lot of stupid **** you posted to make it accurate. You should try to post more accurate information. It's almost like you're being intellectually dishonest on purpose.
 
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