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Why wouldn’t they have just bailed out the financial system like they just did 12 years earlier than 2020? Why would countries around the world, including adversaries and enemies of the west also play the part?
Because a lot of people were super pissed-off about all the government bailouts of the banks and various big corporations (like GM, etc.).
many corporations take advantage of low interest rate and refinanced their debts at much lower rate.
and the stock market rally has allowed companies raised a lot of money in IPO so they hardly have any debt.
What does that have to do with high corporate debt and high bank debt.
I'm more worried about the corporate debt and bank debt than the government debt and consumer debt.
Because a lot of people were super pissed-off about all the government bailouts of the banks and various big corporations (like GM, etc.).
Funny thing about that. The Treasury has been sucking profits from Fannie and Freddie since congress “bought” them 12 years ago to the tune of millions a year.
Meanwhile that very same year:
Chicago-based Kraft Heinz posted total 2021 sales of $26 billion, nearly identical to 2020, while net profit of $1 billion skyrocketed 184 percent, benefitted by 2020 divestitures and favorable foreign exchange rates.
So Heinz couldn't even eat a tiny (to them) cost increase? No... gotta' pass that on. Because we need to pay our shareholders!
I could TOTALLY understand if Kraft was hurting... but they are clearly not. This is not gaslighting. This is BS.
Isn't it funny how Kraft, which has been around forever, all of a sudden got greedy the day Biden was sworn in?
Many causes. The inflation started over a year ago. By way of example steel mill products have gone up 112% over the past 12 months. Every tracked construction material is way up during this period. None as much as steel mill products, but many are up over 50% int he past year. None are up less than 10% and very few are under 20%.
That is just one example. Grocery prices have been climbing rapidly for nearly two years. Our monthly grocery bill is up over 30% from a year ago. Gasoline has been climbing steadily for a year plus as well. Utilities are up 15%, except water and sewer which went up more. Liability and property insurance of all kinds went up over 10% (except we changed companies and found cheaper car insurance). Regardless of official numbers. this really has nothing to do with Ukraine. The war may have added a temporary giant jump, but we have been in out of control inflation for at lest a year.
Yes, I am aware the government pretends that it is not happening and they have numbers on a board to prove it. However, their numbers are not reality at least not for many or most people. You can always find statistics to prove anything that you want to prove. Even in "science" If your study does not show anything, or shows something different than you expected, you just revise which data you use or how it is analyzed or condense time periods, or the scope of the data. While the governments numbers may be correct for the constraints that they use, they are not fooling anyone. When pretty much all of your bills have gone up 30%, saying that inflation is only 5% and only occurred recently is just silly. It just kills credibility.
Does it kill your credibility that you say pretty much all of your bills are up 30%?
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