From: Petzl <petzlx@gmail.com>
Newsgroups: aus.politics,nz.politics,can.politics,uk.politics.misc
Subject: Re: OT: "I'm Worried About Graham". ?
Date: Mon, 11 Nov 2024 12:19:22 +1100
On Sun, 10 Nov 2024 16:32:37 -0800, Alan <nuh-uh@nope.com> wrote:
>On 2024-11-10 15:55, Petzl wrote:
>> On Sun, 10 Nov 2024 16:46:48 -0500, Ed P <esp@snet.n> wrote:
>>
>>> On 11/10/2024 3:46 PM, Petzl wrote:
>>>> On Mon, 11 Nov 2024 07:12:57 +1100, "Rod Speed"
>>>> <rod.speed.aaa@gmail.com> wrote:
>>>>
>>>>> Petzl <petzlx@gmail.com> wrote
>>>>>
>>>>>> When money is printed it devalues currency
>>>>>> Making consumers pay for the secret tax called inflation
>>>>>
>>>>> That isnt the only thing that produces inflation.
>>>>>
>>>> Spending more than you earn and devaluing ones currency?
>>>>>
>>>>>> Sort of explained here,
>>>>>
>>>>> Just more mindless ignorant bullshit.
>>>>>
>>>> Rod Speed is full of "ignorant bullshit".
>>>> 2:30 in explains it all in a minute but you choose to know nothing,
>>>> as usual!
>>>>>
>>>>>> go about three minutes in to avoid ads and silly talk
>>>>>> <https://rumble.com/v5lb9e4-trump-wins-and-eliminates-federal-income-tax-martin-armstrong.html?e9s=src_v1_ucp>
>>>>>> https://t.ly/Gl2GS
>>>>>> Trump Wins, Eliminates Federal Income Tax, Economy Booms
>>>>>> Martin Armstrong
>>>>>
>>>>> Not going to happen and wouldnt remove inflation even if it did.
>>>>>
>>>> The Swiss have a negative inflation rate because the have their
>>>> currency going up,
>>>> So far don't print more money than what they earn.
>>>> Covid may have changed this a bit?
>>>
>>> Debt ratio is a factor. They handle money better than the US
>>>
>>> U.S. Treasury Fiscal Data: The debt to GDP ratio for 2024 is 123%,
>>> calculated using a GDP of $28.82 trillion and a debt of $35.46 trillion.
>>>
>>> Switzerland's national debt is projected to be 25.3% of its GDP by the
>>> end of 2024, according to Fitch Ratings
>>>
>> With the exception of Covid the Swiss stay within the funds their
>> taxes provide
>> you can see from this screen shot
>> https://ibb.co/jMPpZfr
>> Swiss inflation before 2021 it was negative inflation which mean
>> giving tax back to it's citizens
>
>Given that the chart only displays back to January of 2021, how can you
>say that?
>
Swiss inflation has been negative for years
Even their banks gave negative interest rate
>
>Pretty much EVERY country was experiencing some negative inflation
>during COVID.
>
>Here's Canada:
>
>https://tradingeconomics.com/canada/inflation-cpi
>
Covid was the Exception there are other differences like populations
Also oil crisis, war, etc.
these are from 1990 to now you need to compare charts
https://ibb.co/8b9W64S
Canada inflation rate
https://ibb.co/ftKhDHf
Canada Deficit rate
--
Petzl
The problem with socialism is that you
eventually run out of other people's money.