Congratulation President Biden & VP Harris!

And just like that, President Biden & VP Harris will now take the WH and hopefully bringing back Wealth & Glory to the US is no easy task. Lets hope the next 4 years will bring something good.

Just finished watching Biden's inauguration speech. I really appreciate the change in tone from what we've been dealing with for the previous 4 years. They've got a ton of work to do, but I'm much more confident in them than I was with the last administration.

Congrats!!! it feels so good not to be ashamed of my President and VP again. It's great to have class back in the White House and not that trashy reality tv guy that wants to bang his daughter.

Finally won't have to hear about Trump 24/7 on the news.

It'll be about identity politics to shield corruption.

A dark day for fascism.

You'll pay for this Captain Planet.

I Look forward to watching them blame Racism and white supremacy for all our problems over the next 4 years.

@silentchief: And the tears from the right start. Now we will have to listen to QAnon cry for 4 years.

Here's hoping the leaders grow up and make policy to help the people rather than party politics. The Senate should vote on bills again. Yay!

The left cried and bitched for 4 years. So the right may as well.

Going by polling, more than just the left.

Trump is officially the most unpopular president since modern polling began in the 1930s. - Political Gamers - GameSpot

Trump's policies and behaviors were unpopular, and his term average shows very poor results. It certainly doesn't help that domestic terrorists and hate groups loved him so much either.

He had the second most votes of any president in history.

Most hate groups turned on Trump as well.

I am looking forward to seeing this new administration fix all the issues Trump caused. Hopefully they move things in a better direction, although I don’t expect things to be perfect all of a sudden, after all it is still a corrupt government controlled by lobbyists and corporations.

This doesn't change the fact he was also the least popular in history in terms of % of the population.

What.

@silentchief: lol. We protested and dissented for valid reasons. Your side is just throwing a childish hissy fit.

Props. Props, props, props. Even Gaga was somewhat palatable. Congrats to all.

What a marked change. I remember clearly on the day of Trump’s Inauguration how he sent Spicer out to do a pathetic vanity charade press conference (I believe the first): “the president had the largest inauguration crowd, PERIOD!” The feeling of outright hostility, pettiness and antagonizing that came from our government was palpable. I asked myself then with priorities like that what the hell we were in for for four years. Nothing good, and nothing indeed good came.

Thank god on high Trump is gone. It’s unfortunate his filth is imbued in our national fabric forever, and the stench of him will continue to permeate in the actions of his children who will undoubtedly take some form of political initiative in the years to come in emulation of their father. But for now we can at least take out the garbage to remove the smell.

Congrats to Biden and Harris.

Spoken like a true radical.

Biden had a great inauguration speech. Shows you how devoid of class Trump is by leaving early and not attending. He's a coward through and through. Here's to hoping that every state attorney general nails his ass on everything he's ever done. The Trump family deserves every lawsuit coming their way.

I wish him luck, but I have no faith he will do any better. I don't trust the actions of the left at all right now. The hyper inflation that is currently happening with the printing of money will only get worse with this president. I am afraid we are in for a couple of tough years ahead. I hope I am wrong, but if I am right my crypto investments should make a damn killing.

@Xabiss: Hyper inflation that is currently happening? Do you feel the need to just make things up?

Just look at the amount of money that is currently being printed. Over 20% of ALL us money ever printed was in 2020 alone. Guess what happens when that happens? HYPER INFLATION! Yes it is something to really worry about.

And we still have another stimulus package that will probably pass pretty soon that will just add even more to what has been printed.

LMAO. Sovereign debt due to covid....hyper inflation. Either I need a crayon drawing to understand your logic or you should stick to topics that you understand.

@Xabiss: Actually the low energy prices and weak demand is keeping inflation very low.

If you don’t believe me check the official data, inflation rate has been 1.50% of lower for 12 months.

But you’re right in theory, money printing can lead to inflation, but not in this case and not in the previous recession.

The US government is more concerned with deflation as it will raise the value of debt.

Best of luck to the Biden administration and the future of the country in uncertain times.

Okay man keep printing money to pay for things. Let see what that gets us. Printing massive amounts of money always and the amounts we are printing will hurt us. Just wait.

Don't say I didn't warn you.

This has not fully hit us just yet. Around 2022 we are really going to start feeling the effects of what we have done to get through this.

Yes, it hasn't hit us as hard in other recessions true, but we have NEVER printed this amount of money.

Hyper inflation is a very specific term, one of which you'd need to show proof of. If we look at the last 12 years you'll see that the naysayers of all stimulus methods, bailouts, and anti-austerity measures, have been warning us of hyper inflation. As you can see none of that happened, which leads me to believe you don't even understand the terms you're throwing around.

If, however, that inflation starts to pick up the federal reserves can pump the brakes and a) raise interest rates, and/or, b) Sell US treasury assets and pull cash out of the economy.

Again we have NEVER printed as much money as we have. Over 20% of the money ever printed was done in one year. We have never done this. I do understand the term I am using. At a certain point their will be nothing the Federal Reserve can do. It will be very interesting when the economy truly opens what is going to happen. Only time will tell.

@Xabiss: Actually, yes you could be right.

I did not previously check the amount of M2 added, https://tradingeconomics.com/united-states/money-supply-m2

It is massive. But theory and practice in economics are sometimes different. In theory prices should be surging, but if oil prices remain depressed, the downward cost pressures might not lead to high levels of inflation.

Well at least you can inflate away the national debt!!

Whatever happens, the US and indeed much of the world won’t have a easy 2021. I just hope it doesn’t lead to more civil unrest.

Looks like things were great yesterday. Hopefully things stay calm for the next little bit in the US. At least the biden administration will be less chaotic. I did like a lot of the EOs biden signed yesterday.

@silentchief: Do you even know what a radical is? Look at DC January 6. Those are radicals, me calling you out for throwing a fit is not.

You justifying the lefts action for the last 4 years is in fact a radical idea. Burning down towns and murdering people is never justified.

Is this one sane?

Hasn't inflation been rather low the last decade?

My god people we just started printing all of this money this year and the Biden administration says they will not slow it down and will worry about the debt later. Again we have already printed over 20% of the total money we have ever printed and we are still going at it. I will not be surprised if that number doesn't hit over 30%-40%.

So what has happened in the past is a total mute point. We have never printed this much money before EVER. This is happening now and we will not know the repercussions of it until it is over. Just be prepared for the dollar to bottom out and hyper inflation to occur.

You might be right.

We can learn from the past. If we had 10billion at one point and another 2 billion were made up of thin air, it's 20% added. Just like now. Unless unemployment drops, I don't think there will be hyper inflation.

Well I also believe jobs are going to be a huge issue. I honestly don't think we are going to see the reopening of the economy until much much later in the year. They are already saying their could be variations of COVID that the vaccine will not help with and everyone will then have to get a booster shot for those variations. We had 100,000 small businesses close last year and more are to come. I honestly believe raising the minimum wage right now is a HUGE mistake and it will prevent even more small businesses from ever opening again. These businesses are already strapped for cash. Now before any of you start on my about this. I am okay with raising minimum wage, but I don't think it is the time right when we are trying to get things back to normal.

I also think we are about to have a housing crisis like we have never seen before. Right now people have protections on rent and mortgages. If we open the economy back up and people can't find work then how are they going to pay back all the money they already owe on back rent and restarting their mortgages. People that own property will not have the money to pay their mortgages and then a snowball effect could occur.

I am watching all of this very closely. That is one of the reasons I am pretty much moving all of my money to the crypto space. I honestly have no trust in the dollar right now.

Finally the horror has ended.

Biden looked more presidential the day before he took office than Trump did his entire 4 years.

First off, cite the numbers you're throwing around and feel free to provide context to past expansionary measures. Throwing around a number in a vacuum is relatively useless.

Secondly, you're complaining about hyper inflation while ignoring historical data on it. So, by all means provide us with some inflation numbers while you're at it.

Someone quoted a link that shows exactly what I am talking about. Sooooooo.

Jesus, can you let the man have one full day in office before switching gears from, "we need expansionary policy during what I claim to be the greatest economy ever," to "we need to implement contractionary policy during a recession because hyperinflation is upon us?"

Uhhh this started before Biden took office, but okay. I am concerned that his administration said he will keep printing money and worry about the debt later.

Ah, so I'm the asshole for asking you provide citations to your claims. Marvelous.

@mattbbpl: Zero hedge analysis incoming. Gloom and doom hyperinflation, return to the gold standard, monetary sovereignty is death!

Best part of his presidency so far

So far, Biden's first 3 days in office have done more good than the past 4 years of Trump combined. With very little bad thus far.

Many executive orders, but a lot of the damage Trump did had to be reversed.

@Maroxad: Sure, killed anywhere from 8,000-11,000 jobs on his first day, fabulous start for sure.

In three days Biden and his ilk have taken America first to the dumpster. He eliminated ten thousand jobs with one executive job. With another one tens of thousand of jobs by rejoining the Paris climate accord which is useless for climate change. He put our foreign affairs back in the hands of the Saudis' which the left railed about for years. He promised Social equity and destroyed that right out of the gate. With his push for a fifteen dollar an hour wage increase another four million jobs lost and blacks will be the first to suffer, plus flooding the country with more illegal aliens all competing for non existing jobs plus were are in the middle of a pandemic what a genius. His executive orders have helped everyone but the American people. He has just guaranteed the Republicans will take back the house and senate in 2022 and Trump the presidency in 2024. I have not even mentioned the cost of living that is going to drastically increase. What a bunch of rubes we now have in charge of the country.

@JimB: Cost of living has gone up despite the minimum wage nothing moving the last decade. And wages is far from the only cost for companies.