RhodyPatriot
Diamond Member
- Aug 28, 2022
- 13,429
- 18,534
- Thread starter
- #61
Trump is the main reason for Global Inflation...
Trump used his position to cut the oil supply...
View attachment 958839
What did that do to Oil Prices when demand increased, which it was predicted to do when economy opened up
View attachment 958845
Trump wasn't just short sighted, he was idiotic... So Oil when from $19 to $62 (tripled) by the time Biden got to power in 9 months and in creased by another 80% under Biden as he tried to reverse the actions of Trump...
"Oil price shocks were the main drivers of variation in global inflation"![]()
What Explains Global Inflation
This paper examines the drivers of fluctuations in global inflation, defined as a common factor across monthly headline consumer price index (CPI) inflation in G7 countries, over the past half-century.www.worldbank.org
You're right.
Even though inflation was at 2% and gas prices were under 2 dollars in January 2021.
And then the Green New Deal and Biden's massively gargantuan stimulus were passed and we spent trillions of dollars, overheating an already viable economy and flooding the zone with excess currency.
But none of that's real, here's a chart from the friendly and caring World Bank!