Americans need to have less money

>For over a year, businesses have been complaining about how hard it is to hire.

>The labor shortage may be driven in part by a lack of childcare or workers wanting better pay.

>Mitch McConnell says that labor shortages will end when workers run out of stimulus savings.

Hurry up and spend that covid welfare money. We need you back at work serving us.

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Other urls found in this thread:

newyorkfed.org/markets/desk-operations/reverse-repo
fool.com/the-ascent/personal-finance/articles/usda-to-permanently-boost-snap-benefits-by-25-starting-in-october/
twitter.com/SFWRedditGifs

I don't know anyone who likes this man

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Turtle Mitch epitomizes the terryfing rule of the Gerontocracy

They really think a couple thousand in checks 3 years ago was a gold mine

How the fuck do people still have stimulus money???

>you're too rich
>be our poor slaves
at least he's honest

no, people will work happily if they actually get decent pay,,
or more likely, will work 2 jobs if the food shortage situation gets really fucked up

Stimulus money? Is this faggot suck in 2020? We've moved in two whole years.

>$1000 two years ago
>flush
theyre dead

fed is paying 250 million a day in interest on the covid funds they released to 109 banks.

if rates go to 3%, they'll be paying half a billion per day in interest.

This is a bigger cause of inflation than anything the administration is looking at. Biden has already said he wants to raise taxes to fix inflation.

Good luck, I'm behind 100 oz. of American Silver Eagles.

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fellow user, can you elaborate more on this? It is the first I have heard of this. I am simple-minded.

he is married to a ccp chinese woman he is a closeted communist.

While one can debate for hours why there is a record $2.330 trillion in cash parked at the Fed's overnight facility and what it means for systemic plumbing problems, the fact is that there is a record $2.33 trillion in cash parked at the Fed's overnight facility, doing nothing.

Well not nothing: it was nothing when rates were zero, but at 1.55% which is the current reverse repo rate, that $2.33 trillion is a golden goose for the 108 counterparties that are parking cash at the facility, a mixture of money market funds, banks, GSEs and various other financial intermediaries.

newyorkfed.org/markets/desk-operations/reverse-repo

Remember excess reserves? Well, technically excess reserves ended in March 2020 when the Fed reduced reserve requirement ratios to zero, thus converting the trillions in reserves held at the Fed from "excess reserves: to plain old "reserves" and which as of today amount to $3.13 trillion.

those are the two things that combine to 250 million a day in interest payments

and the interest payments are printed from thin air by the fed

but lets squeeze citizens because inflation bad.

>Americans need to have less money
the government needs to have less money, actually...

Bro my and gf spent 900 on groceries in the last 30 days. Who the absolute fuck still has stimulus money

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checked, nobody does

How is he wrong? You may not like his conclusion but he is factually correct.

thank you. I understand what you said.

hes probably talking about stimulus loans for companies

checkerino

This is why you don't allow registered sex offended to run office.

Why would I work at McDonalds for less than $15 an our when I can just jerk off on onlyfans and make a months wage in one day?
The wrong people have too much money and they give it to me because I have perfect tits.
Btfo incels.

RIght now it ain't the stimulus money keeping people away from work, those few thousand checks are long gone.

My sister used to get 300 a month in EBT but when the Covid shit started circulating around she started getting 800. Now they are cutting it back to 300 again. That varies state to state I believe but that must have been a pretty big impact on demand at least for all the things you can get with EBT.

If you just print money and buy all the produce in stores, then their money will run out faster.

Ah sweet, another r/AntiWork thread. It's only bad when the left does it amirite?

SNAP benefits were raised by 25% due to inflation, but CPI inflation numbers are way lower (and used to calculate SSI and other benefits for people the government doesn't like).

What happened is a fuck ton of people went on disability

COVID stimulus money was a drop in the hat nigger. Off yourself

i wonder what he did in ukraine.. i bet he likes young boys.. ~5yo or something.

source: fool.com/the-ascent/personal-finance/articles/usda-to-permanently-boost-snap-benefits-by-25-starting-in-october/

>Didn’t ration his $1500 to last for 3 years
Ngmi

>people just "go on" disability

The money will run out. All those 250 000 plus illegals will take the jobs "no one wants". Looking bleak for Americans. Hope those who received unemployment invested in ARs and crap load of ammo.

The west is doomed
Our politicians are complete retards
I want to die

>fool.com

Stimulus came in several forms: enhanced unemployment, rent moratorium, unrealistic stonk/shitcoin gains and of course Drumpf's checks. Trillions of dollerinos entered the economy at the worst possible time and they need to be removed.

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Low IQ individual right here. While I don't recommend or condone fool.com, this is why they are named that:

The Motley Fool’s name comes from William Shakespeare’s play “As You Like It”. The court jester, known as the Fool, could speak the truth to the king and queen without having his head lopped off.

And it was strictly for the article about 25% SNAP benefits, which you can verify from any other source of your choosing.

>It's only bad when the left does it
Yes.jpg

>unrealistic stonk/shitcoin gains
Kill yourself

>And it was strictly for the article about 25% SNAP benefits, which you can verify from any other source of your choosing.
No. Get a real one

I still have the 2k sitting in a savings account.

Lol how long does this retard think $2k lasts? It’s been over a year and nobody is getting benefits anymore; haven’t for awhile now

Yes , literally every black is on disability for mental issues.

Last guy who worked on my roof told me how he put the government handout plus his savings into dogecoin when it was around 60 cents.

Inflation solved.

The easy one is to claim anger management issues, you can't work because people make you upset. I'm not joking.

American politicians are willfully retarded

I don't know anyone who's not working currently. Infact I know more people taking shit jobs because it seems no one is hiring, only advertising the positions. Interestingly enough I know a few buisness owners who at the same time complain that they're getting no applications for positions either. I think someone is lieing.

>stimulus money
How long are they going to stretch this nonsense out?

If people were still spending their stimulus money, you would expect the opposite effect. Employers would have to expand their businesses to meet increased consumer demand. Wages would then rise as the demand for labour increases. This was a big factor in the post-war recovery.

Yup, in the hood nearly every nigger is on disability. The white liberal social workers sign them up for it.

I guess we need a lot more mexicans to do the jobs. Its amazing how Any Forums is against illegals coming over but then screeches "REEE I WOULD NEVER DO A JOB LIKE CARPENTRY!!!"

>1 pbtid
>date cut out of the snip
Eat shit op, this is a slide thread. Everyone knows McConnel is a fucking turtle kike. All fields.

Based and truepilled. As a businessowner I fucking hate the socialist german cuckstate, that provides welfare recipients lavish lives whilst I cant get employees and get taxed up my ass.

Maybe tradesmen need to be paid more, and desk riding codemonkey homos should eat shit forever.