$3.98 a gallon and climbing

[CptTrips]

Considering every president since you've been born has done what is being done now did you vote for any of them?

I don't remember which one's did it or not.  They may have done it when I wasn't paying attention.

But I don't agree with it with any President of any party.  And all the Presidents try and wield that power that belongs to Congress.

And every one of them has acted unconstitutionally.

The Imperial Presidency has been a worsening problem since WWII.  The current occupant is just an object lesson why it was so important to the Founders that one goof shouldn't have too much concentrated power.

Like the power to take an entire nation to war of unknown length without letting their Representatives deliberate that decision.  Merely at the whim of one man.


They did do that in GW1.
I remember watching the debates and voting on the Authorization of Force on CSPN live.

[Eagler]

Brent is a better proxy to gauge effect on the global economy.

$109.

It's $113 this morning ...

Eagler

[CptTrips]

It's $113 this morning ...

Here comes the inflation again...
https://www.marketwatch.com/story/powell-warns-of-new-inflation-from-the-iran-conflict-as-gas-prices-jump-30-ca445981?mod=home_lead

I'm old enough to remember the good old days when people went ape because egg prices were high.

That seems so trivial today, facing down a global economy crushing Forever-War.

Nothing like Weimar inflation combine with 0% job growth.  https://finance.yahoo.com/news/powell-job-creation-is-near-zero-202637723.html?guccounter=1&guce_referrer=aHR0cHM6Ly9kcnVkZ2VyZXBvcnQuY29tLw&guce_referrer_sig=AQAAAIoebcBDWyKTknUmQvqZjAry4nAZUIVkYf4Rchja53DrQJE6lrvEfFRKCXeg6migO9dCK2Wy3aEVnZR6qpd5P4qX4VfdxIsC8gIBZL15YdWLkpdMgykP6Qj0kCJdpzAqVQpG1yfu3e1-uvBhTSHBR4f4tutl6uMBjhfZNCYi_tjc

Welcome to Stagflation.
It's one of the worst crap sandwiches to have to eat for regular folks.

Prices more than you can afford and no job to pay it with.

[Eagler]

Beware...

Eagler

[Eagler]

Here comes the inflation again...
https://www.marketwatch.com/story/powell-warns-of-new-inflation-from-the-iran-conflict-as-gas-prices-jump-30-ca445981?mod=home_lead

I'm old enough to remember the good old days when people went ape because egg prices were high.

That seems so trivial today, facing down a global economy crushing Forever-War.

At least he didn't cut interest rates yesterday and accelerate inflation even more..

Eagler

[CptTrips]

At least he didn't cut interest rates yesterday and accelerate inflation even more..

Eagler

Like I said, he is in a tough spot.  Stagflation is a no win situation.

If you lower rates to try and provide out of work people jobs, you just end up crushing them with Weimar inflation.

Take you pick.

I was looking at the news today, I think we are reliving the Late Bronze Age Systems Collapse.

[rabbidrabbit]

An interesting read in Gcaptain

https://gcaptain.com/the-hormuz-hypothesis-what-if-the-u-s-navy-isnt-in-a-hurry-to-reopen-the-strait/

[CptTrips]

An interesting read in Gcaptain

https://gcaptain.com/the-hormuz-hypothesis-what-if-the-u-s-navy-isnt-in-a-hurry-to-reopen-the-strait/

I think it's simpler than that.

He was desperately briefed by the military of the risks of Iran closing the straight and the difficulty of providing 100% safety to passing ships.

He didn't tell them, "No, no, no, I have a secret plan this is all a part of."  Like Nixon's "secret" plan to end the war.

He said, "I don't think they will close the Strait."

That is poor planning.  Not strategery.

I know why the navy isn't thrilled to stick their billion dollar ships in that death-ground escorting billion dollar tankers through a phonebooth.

It looks a lot like Salamis.

[Spikes]

An interesting read in Gcaptain

https://gcaptain.com/the-hormuz-hypothesis-what-if-the-u-s-navy-isnt-in-a-hurry-to-reopen-the-strait/

I think this gives way too much credit that the administration has even a concept of a plan.

[AKIron]

Get it all out now while you can. No doubt we'll hear crickets from you guys when Iran rejoins the civilized world.

[rabbidrabbit]

I think it's simpler than that.

He was desperately briefed by the military of the risks of Iran closing the straight and the difficulty of providing 100% safety to passing ships.

He didn't tell them, "No, no, no, I have a secret plan this is all a part of."  Like Nixon's "secret" plan to end the war.

He said, "I don't think they will close the Strait."

That is poor planning.  Not strategery.

I know why the navy isn't thrilled to stick their billion dollar ships in that death-ground escorting billion dollar tankers through a phonebooth.

It looks a lot like Salamis.

Maybe, maybe not.  I don't know.  I wish I had your gift of absolutely knowing things as truth without much if any factual basis but I don't therefore I approach each vector of the equation with equal amounts of critical thought and reason with the hope that a clear understanding improves my life.  As we see here and pretty much everywhere, choosing one's own reality based on preconceived world views is much more popular which enables pointless arguing over issues that none of us actually can effect.

[CptTrips]

Get it all out now while you can. No doubt we'll hear crickets from you guys when Iran rejoins the civilized world.

If Iran was free tomorrow morning, this was still an illegal and unconstitutional act.

Did you reward you kids if they cheated to get an A on a Calculus test?  Was Hitler OK if he made the trains run on time?

No matter what you achieve, if you did it wrong, it is fruit of the poison tree.

I will rejoice for the Iranians and demand he be impeached, convicted.

I might not get that, but then again I might if he goes for a full scale invasion.

[CptTrips]

Maybe, maybe not.  I don't know.  I wish I had your gift of absolutely knowing things as truth without much if any factual basis but I don't therefore I approach each vector of the equation with equal amounts of critical thought and reason with the hope that a clear understanding improves my life.  As we see here and pretty much everywhere, choosing one's own reality based on preconceived world views is much more popular which enables pointless arguing over issues that none of us actually can effect.

This forum is a venue to express our opinion.

Deal with it.

[icepac]

I will rejoice for the Iranians and demand he be impeached, convicted.

The iranian hard liners?

[rabbidrabbit]

This forum is a venue to express our opinion.

Deal with it.

And I did...  Deal with it.