So You Wanted Biden To Do Something About Inflation? Here Ya Go...Price Controls (Page 4): One more detail of your post.. the bidding for leases is for oil t they could not drill they...

permafrost Loc: Minnesota

permafrost wrote:

As so often, you are asking the wrong question.. f... (show quote)

One more detail of your post.. the bidding for leases is for oil t they could not drill they would not bid..

Ri-chard Loc: 23322

permafrost wrote:

What!!??? Who opened any wells? how do you come up with that. we have a huge excess of wells, going back to as early as the 80s.. read the link,, big oil is just hanging on to them as assets perhaps and not producing as they could. by a lot.. so what do you make of that.. oil is holding production down, which results in,,,,,, what do you think.

If supply is reduced what would you expect that to do to price? those oil guys may be evil , but not stupid..

America is still the land of plenty.
And America has plenty of gold yet in the ground plus, Natural gas: this is mainly used to power appliances which use natural gas rather than electricity.
Crude oil: this is used to come up with a number of petroleum products including kerosene, diesel and petrol which are used to power vehicles and machines.
Bauxite: bauxite is the ore from which aluminium is extracted. It is important based on the many uses that are associated with aluminium. The element is often purified and used to make parts of aeroplanes and ships.
Zinc: this is an important metallic element which is used in manufacturing of collapsible tubes and for the sacrificial protection of iron. The element is also used to make electrodes.
Rare earth elements: these are used in the electronics industry to make important parts of electronic devices. They are used in all electronics products including television sets, tablets and mobile phones.
Coal: the coal is mainly used to heat up steam in coal powered plants around the US.
Uranium: this is used to power up nuclear power plants, as it is one of the main reactors in such plants. It is also used to create nuclear weapons. the US sold some to Russia,
Copper: copper is used to make electric cables, sockets and even electrodes.
Silver: silver is often used to make jewelry, although it may also be used to come up with electric circuits, solder, cables and other components in special cases.

martsiva

woodguru wrote:

This is for everyone that bitches and cries about ... (show quote)

MORE government control??? Biden has screwed this country and now he`s using price controls to 'help' Americans as a front for more government control!! Him and the whole Democrat party is promoting communism!!

martsiva

archie bunker wrote:

How about he reverse his policies, and we go back to what was working?

OH definitely!!!!

BIRDMAN

permafrost wrote:

As so often, you are asking the wrong question.. f... (show quote)

You must be awful tired always making up excuses for slow Joe

BIRDMAN

permafrost wrote:

What!!??? Who opened any wells? how do you come up with that. we have a huge excess of wells, going back to as early as the 80s.. read the link,, big oil is just hanging on to them as assets perhaps and not producing as they could. by a lot.. so what do you make of that.. oil is holding production down, which results in,,,,,, what do you think.

If supply is reduced what would you expect that to do to price? those oil guys may be evil , but not stupid..

db

Mr. Biden has no policies just vindictively reversing President Trumps, wonder how that's working for him.

WEBCO

permafrost wrote:

Gee, I live in a border state and we have no problem,, only a few miles from Canada and they are nice people.. witness our own CD,, Canadian in China..

You don't have over 2,000,000 illegal aliens storming through your state destroying the environment, trafficking in young girls, bringing enough fentanol to kill every American 7x, and expecting you to pay for their housing, education, and medical bills. Not to mention the increase in crime and lowering of wages.

Since none of those things affect you, perhaps you could let us do what's best for the US and get out of our way.

WEBCO

permafrost wrote:

As so often, you are asking the wrong question.. f... (show quote)

So gas prices doubling have nothing to do with Bidens policies, they just coincidentally went up as soon as he took office. You are not asking any questions, let alone the right ones.

Radiance3

woodguru wrote:

This is for everyone that bitches and cries about ... (show quote)

================
Handouts think that Biden's redistribution of peoples' tax money is smart economic policy.

The Economic Policy of Biden:
Biden thinks that when the government prints or borrows trillions of dollars, the value of the dollar increase, and price decrease.

According to Biden spending trillions of dollars for social programs prevents inflation.

On the contrary, here is the real economic theory. The Law of Supply and Demand.
The law of supply and demand has the opposite reaction to Biden's economic policy. The more the government prints money, the value of the dollar goes down. When there are more demands and consumptions than production,
the value of the dollar shrinks. Thus inflation goes up and up.

Demands outpace productions when restrictions of oil and energy supplies are implemented. As a result, inflation has reached the highest since the 70's.

Now what else are affected? All activities which deal with monetary transactions. Yesterday, the stock market has been battered worst, and revival is not on the horizon, but could result to recession within the 3rd and 4th quarter. Unless economic production is increased.

Here are some hint. For investment purposes, diversification protects total losses.

Stocks has been battered badly, until yesterday, it became worst. The 401k, 403b, and other deferred compensation programs have gone worst. That's the retirement of many of the working class.

Municipal bonds are secured due to fixed rate for the life of the bond, plus free of federal income tax.
Real estate is a great hedge against inflation, cause as inflation goes higher, value of real estate follows. Real estate investment is one of the avenues to wealth.

Note: By Biden's actions, it appears that the LEFT hates the American people. Why? Cause they are aware that 80% support and voted for Trump. Reasons why Biden opened the borders to invite millions of people from the world to support and eventually vote for them.

Due to pressures stopping Russia oil, Biden's decision makes no difference. He will buy oil from another enemy country, Iran and Venezuela. This is treason.

Ri-chard Loc: 23322

WEBCO wrote:

You don't have over 2,000,000 illegal aliens storming through your state destroying the environment, trafficking in young girls, bringing enough fentanol to kill every American 7x, and expecting you to pay for their housing, education, and medical bills. Not to mention the increase in crime and lowering of wages.

Since none of those things affect you, perhaps you could let us do what's best for the US and get out of our way.

crazylibertarian Loc: Florida by way of New York & Rhode Island

WEBCO wrote:

You don't have over 2,000,000 illegal aliens storming through your state destroying the environment, trafficking in young girls, bringing enough fentanol to kill every American 7x, and expecting you to pay for their housing, education, and medical bills. Not to mention the increase in crime and lowering of wages.

Since none of those things affect you, perhaps you could let us do what's best for the US and get out of our way.

WEBCO, permafrost is a liberal and therefore is entitled to determine what is best for everyone.

The Ms.

WEBCO wrote:

You don't have over 2,000,000 illegal aliens storming through your state destroying the environment, trafficking in young girls, bringing enough fentanol to kill every American 7x, and expecting you to pay for their housing, education, and medical bills. Not to mention the increase in crime and lowering of wages.

Well said….. so Perm, take a hint‼️
Since none of those things affect you, perhaps you could let us do what's best for the US and get out of our way.

Ri-chard Loc: 23322

crazylibertarian wrote:

WEBCO, permafrost is a liberal and therefore is entitled to determine what is best for everyone.

Let the queer lovers go about their business.

Holdenbeach4u Loc: Holden Beach , NC

Let’s looked from 2016-2000 , when Trump was running everything. Had a great US Economy doing those years until the Coronavirus hit doing the Spring of 2020, then it hit the fan big time . Then Biden got elected in Nov 2020 everything went down hill because Biden and the Democrats does not know how to run the economy well!
March , 2022 everything has soared in prices , highest inflation since 1976-1980 when President Carter running things like Biden is now!
This time around will be worse than the 80’s was !