BillBlabbermouth LYING and BACKING UP HARD

[risky biz]

Background:
'US inflation surging to a level not seen for more than 30 years'
'Pressure on America’s central bank to raise interest rates has intensified after rising energy costs, supply shortages and increased consumption sent US inflation surging to a level not seen for more than 30 years.

Although the Federal Reserve has repeatedly insisted price pressures will prove “transitory”, financial markets were taken aback by a ➡️6.2%⬅️ increase in the cost of living in the world’s biggest economy over the past year.

A labor department report released on Wednesday showed prices rose by 0.9% in October alone – more than double the 0.4% jump in September – to push the annual rate of inflation to its highest level since December 1990, a time when global oil prices had risen sharply due to the Iraqi invasion of Kuwait.'
https://www.theguardian.com/business/2021/nov/10/inflation-us-latest-high-30-years-economy-predictions


Professor Campbell Harvey of Duke University in May 2020:
'Campbell Harvey: It is obvious that the risk of inflation has increased. When I say “risk of inflation,” I mean, risk of inflation that’s above a level that we’re comfortable with. Inflation could go up by 3% and that could be good news if you start at minus one. You go from minus one to two, that’s just basically the economic engine revving up. ➡️When you go from two to above five, you start to get worried. We all know that inflation, once it gets to a high level, is painful to get it under control.'⬅️
Posted by me here: https://groups.google.com/g/rec.gambling.poker/c/kxYcvoSLR9c/m/D_Ro61KFAwAJ


And Blabbermouth wants us to realize he was right on top of it:

Blabbermouth, 11/16/21: 'And yes, I did predict 5-7% inflation this year. If I go to the trouble of showing you the quote will you freely admit you are a complete fucking moron and an economic illiterate? Or will you try to weasel out again?'
https://groups.google.com/g/rec.gambling.poker/c/YQHCYK2wSuM/m/rKT0fmHOAwAJ

Blabbermouth, 11/16/21: 'I said 5-7%. You aren't man enough to admit the truth. You are a cowardly worm.'
https://groups.google.com/g/rec.gambling.poker/c/Tw__2LfsnWI/m/Yto9qaGcAwAJ

Blabbermouth, grasping for cover, 11/15/21:'Trump's $8 trillion in debt and record smashing spending certainly added to inflationary pressure.'
https://groups.google.com/g/rec.gambling.poker/c/xWW1VhSmWU0/m/8oxNapFxAwAJ

risky biz, 11/15/21: 'I don't believe that you 'predicted' (your term for repeating what you see in the news media) short-term 5-7% inflation. Produce the quote. I think you're 'adjusting' what you said to fit the 6%+ we're seeing now.

Blabbermouth response to above: 'You can "believe" any fucking thing you want. People who read my posts know what I said, I don't lie. You haven't figured that out by now? lol'
https://groups.google.com/g/rec.gambling.poker/c/XPCQrTKH2G8/m/njofzpxoAwAJ

Blabbermouth, 11/15/21: 'I am the one who predicted short-term 5-7% inflation. I was spot on, like usual.'
https://groups.google.com/g/rec.gambling.poker/c/XPCQrTKH2G8/m/D18ocQtPAwAJ

⬇️ ⬇️ ⬇️ ⬇️ ⬇️ ⬇️ ⬇️ ⬇️ ⬇️ ⬇️ ⬇️
Below is what Blabbermouth 'predicted' (which means he repeated what he saw in the news media). LOL. He started at 3.5%. NEVER got to '5-7%'.

Yes, that's right - he was LYING on 11/15/21 and 11/16/21. Does anyone find that out of character for BillBlabbermouth?


Blabbermouth, 8/13/21:'I predicted inflation would reach about 5% .. It's a truth you apparently can't deal with.'
https://groups.google.com/g/rec.gambling.poker/c/VwFCKrU3rOY/m/fjsDx9lfBAAJ

Blabbermouth, 8/12/21: 'Inflation at the end of July was 5.4% annualized. I predicted last year it would reach somewhere around 5%.'
https://groups.google.com/g/rec.gambling.poker/c/VwFCKrU3rOY/m/rSrlkGT3AwAJ

'I predicted short-term inflation around 5%'
https://groups.google.com/g/rec.gambling.poker/c/sHLBmUJFaA0/m/nJd-Z-ozBAAJ

Blabbermouth, 8/12/21: 'I"M the one who predicted the 5% inflation'
https://groups.google.com/g/rec.gambling.poker/c/VwFCKrU3rOY/m/-K9DybUxBAAJ

Blabbermouth, 8/12/21: 'I have never lied about anything, and anyone who has accused me of lying has been thoroughly humiliated.'
https://groups.google.com/g/rec.gambling.poker/c/UItdrXDE3wc/m/vsK-_DNIBwAJ

Blabbermouth, 7/14/21:'5.4% annualized. Pretty damn close to what I predicted last year, wouldn't you say?'
https://groups.google.com/g/rec.gambling.poker/c/OdClQJfJeJ8/m/SZemwoXFAQAJ

Blabbermouth, 6/16/21: 'Fed raises inflation expectations!! ....to 3.5% (just a hair short of "hyperinflation"). Powell also said the committee reiterates that the recent rise in inflation is transitory.'
https://groups.google.com/g/rec.gambling.poker/c/3y3Mn0U5xno/m/R82yEcWzBAAJ

Blabbermouth, 6/16/21: 'I'm the one who predicted 5% inflation.'
https://groups.google.com/g/rec.gambling.poker/c/Bz7jzuAHYWM/m/RMerYzRRAwAJ

Blabbermouth, 6/11/21: 'Predicting the future is always a game, one I've been proven to be quite good at.'
https://groups.google.com/g/rec.gambling.poker/c/Bz7jzuAHYWM/m/B7zHR-t9AwAJ

Blabbermouth, 6/11/21: 'It's 5%, just like I told you it would be.'
https://groups.google.com/g/rec.gambling.poker/c/Bz7jzuAHYWM/m/EHmbrbuJAwAJ

Blabbermouth, 6/10/21: 'You might recall last year I predicted that inflation would probably top out at about 5%, and here we are.'
https://groups.google.com/g/rec.gambling.poker/c/TDPV4aRaggk/m/2Kx55dc6AwAJ

Blabbermouth, 6/10/21: 'Last year I predicted that inflation would probably climb to about 5%'
https://groups.google.com/g/rec.gambling.poker/c/TDPV4aRaggk/m/n9JbsmZRAwAJ

Blabbermouth, 6/9/21: 'I think I'll hold off "feeling pretty stupid" until the actual "hyperinflation" materializes, if you don't mind. Until then, I'll just bask in the glow of being right again, as always.'
https://groups.google.com/g/rec.gambling.poker/c/TDPV4aRaggk/m/w9F82RgICAAJ

Blabbermouth, 5/13/21: 'The inflation rate for fiscal 2021 will likely be about 3.5%'
https://groups.google.com/g/rec.gambling.poker/c/ofacWfgYXwM/m/DeAvmFL-AwAJ

[risky biz]

On Tuesday, November 16, 2021 at 7:36:26 PM UTC-8, risky biz wrote:

BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!
Watch it- BillBlabbermouth backing up!

[BillB]

Post by risky biz
BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!
Watch it- BillBlabbermouth backing up!

Does anyone understand what this fool is talking about? If so, fill me in. He ignores his husband's inflation prediction missing by 294%, but is obsessed with my .4% miss. Actually, it wasn't even a miss, because I did say inflation could conceivably peak at 7% for a brief period. But I also said shortly after after the second round of massive giveaways that I thought 5% was the most likely result. At the end of FY 2021 it was 5.4% for the year, or as riskytard calls it ....wait for it....HYPERINFLATION!!!! LOL

Seriously...how far could that moron have gone in school? I don't see how he possibly could have made it out of high school. I honestly believe most 10-year-olds know that 6% inflation is not hyperinflation.

[Satoshi Popinjay]

Post by BillB
because I did say inflation could conceivably peak at 7% for a brief period.

If something "peaks for a brief period", does that mean it's going to decline? Explain that one. How's that going to work?

[BillB]

Post by BillB
because I did say inflation could conceivably peak at 7% for a brief period.

If something "peaks for a brief period", does that mean it's going to decline? Explain that one. How's that going to work?

Yes, I thought it *might* conceivably peak at 7% for a brief period, but I thought something around 5% was much more likely. The Fed was still forecasting 3.5% at the time, but that seemed overly optimistic to me, given Trump's Caligulaic spending orgy and his demonstrated incompetence and negligence handling Covid. In any event, nothing remotely resembling your gloom and doom predictions of hyperinflation and the dollar being rendered worthless have materialized (as usual). But if it's any consolation, riskytard still thinks you were right. LOL It's possible that's just oxygen deprivation from you having your cock shoved too far down his throat.

[risky biz]

~ On Tuesday, November 16, 2021 at 10:29:30 PM UTC-8, BillB wrote:

<snip a MASSIVE load of cowshit>

It's hilarious watching Blabbermouth trying to LIE his way out of his LIES.
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣


BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!
Watch it- BillBlabbermouth backing up!

[BillB]

Post by risky biz
It's hilarious watching Blabbermouth trying to LIE his way out of his LIES.

Notice he goes nowhere near the question I asked.

I guess I didn't understand your question. I thought both what I originally said and what I subsequently reiterated were pretty clear.

He mentioned an inflation "peak", just tell me how is it supposed to decline when there is no end in sight to the massive money printing. It's not. There is only one >way prices can go, and that is up.

Well you certainly don't want prices to go *down* over time. That's deflation. It drives the economy to a grinding halt. As I already explained a few times (including visual aids), a money supply increasing faster than economic growth is inflationary, but there are many other factors that affect supply, demand and ultimately prices. One inflationary input will not necessarily outweigh three or four deflationary ones. They work against each other. We're living through a pretty good example of that right now.

And even if all the real experts like me are wrong and inflation were to go a little higher than 7% for a sustained period, it's not the end of the world. The economy will adjust. Assets will also increase in price accordingly. Wages will catch up and eventually pass, as they always do as technology marches on. The only people who really get hurt long term are those with their net worth stuffed in their mattress or sitting in a checking account, or senior citizens like riskytard who made very poor life choices and are trying to eke out an existence on Social Security and free pizza slices. The US has the technology, the natural resources, the infrastructure and the labor force to support its $23 trillion economy. That's enough money for almost $70,000/yr for every man woman and child in the country. No amount of low inflation is going to change that to any significant degree in the foreseeable future. Climate change will. Nuclear war will. 6% transitory inflation...not so much.

Unless, of course, they suddenly start contracting the money supply and pay down the national debt. lol That will never happen. >There is no one going to be >elected that will do that, or can do that. It's too far gone. Impossible.

[Satoshi Popinjay]

Post by BillB
Well you certainly don't want prices to go *down* over time.

No, of course not. No one likes to pay less for stuff.

[risky biz]

Post by BillB
Well you certainly don't want prices to go *down* over time.

No, of course not. No one likes to pay less for stuff.

~ Just google the economic consequences of deflation.

As if that's going to erase the fact that the 'predictions' you crowed about for months have proven to be WRONG (you didn;t even get the direction right) and Paul was RIGHT.

Or erase the fact that you are now lying about those WRONG 'predictions'. As in:

- 'And yes, I did predict 5-7% inflation this year. If I go to the trouble of showing you the quote will you freely admit you are a complete fucking moron and an economic illiterate? Or will you try to weasel out again?'
- 'I said 5-7%. You aren't man enough to admit the truth. You are a cowardly worm.'
- 'You can "believe" any fucking thing you want. People who read my posts know what I said, I don't lie.'
- 'I am the one who predicted short-term 5-7% inflation. I was spot on, like usual.'


🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
What a character health basket case.

[Tim Norfolk]

Post by risky biz
It's hilarious watching Blabbermouth trying to LIE his way out of his LIES.

Notice he goes nowhere near the question I asked. He mentioned an inflation "peak", just tell me how is it supposed to decline when there is no end in sight to the massive money printing. It's not. There is only one way prices can go, and that is up. Unless, of course, they suddenly start contracting the money supply and pay down the national debt. lol That will never happen. There is no one going to be elected that will do that, or can do that. It's too far gone. Impossible.

A large proportion of that money is going to the very rich, who cannot spend enough. That is why we have not seen significant inflation for years.

[Satoshi Popinjay]

Post by Tim Norfolk
A large proportion of that money is going to the very rich, who cannot spend enough. That is why we have not seen significant inflation for years.

Ridiculous.

[VegasJerry]

Post by Satoshi Popinjay

Post by Tim Norfolk
A large proportion of that money is going to the very rich, who cannot spend enough. That is why we have not seen significant inflation for years.

Ridiculous.

No it snot. They send stimulus checks to you and me, and we spend it. You sent money to the rich (or lower their taxes) they don't immediately spend it; they don't have to.

[Satoshi Popinjay]

Post by VegasJerry
No it snot. They send stimulus checks to you and me, and we spend it. You sent money to the rich (or lower their taxes) they don't immediately spend it; they don't have to.

I told you once before, asshole, that I didn't get any stimulus checks, I was over qualified because I won too much money playing video poker. But don't blame people for inflation, only the Federal Reserve and the Government inflate the money supply, with rare exceptions. My uncle was an exception and he increased the money supply years ago, and he was sent to a federal prison for that. He's out now.

[VegasJerry]

Post by VegasJerry

Post by VegasJerry
No it snot. They send stimulus checks to you and me, and we spend it. You sent money to

the rich (or lower their taxes) they don't immediately spend it; they don't have to.
I told you once before, asshole, that I didn't get any stimulus checks,

It doesn't fucking matter. The increase in money spending, and who is spending it and why, is driving inflation.

Post by VegasJerry
I was over qualified because I won too much money playing video poker.

LOL!

Post by VegasJerry
But don't blame people for inflation, only the Federal Reserve and the Government

And I showed you why you are wrong.


inflate the money supply, with rare exceptions. My uncle was an exception and he increased the money supply years ago, and he was sent to a federal prison for that. He's out now.

[Satoshi Popinjay]

Post by VegasJerry
The increase in money spending, and who is spending it and why, is driving inflation.

What happens when you inflate a balloon? It expands, dummy. Inflation in terms of money, means the supply of money expands. A RESULT is that prices go up. Rising prices is not inflation. I know you cannot understand that. I know hardly anyone on this newsgroup can understand that.

[VegasJerry]

Post by VegasJerry
The increase in money spending, and who is spending it and why, is driving inflation.

What happens when you inflate a balloon? It expands, dummy. Inflation in terms of money, means the supply of money expands. A RESULT is that prices go up. Rising prices is not inflation. I know you cannot understand that. I know hardly anyone on this newsgroup can understand that.

Understanding you, yea.

[risky biz]

Post by risky biz
It's hilarious watching Blabbermouth trying to LIE his way out of his LIES.

Notice he goes nowhere near the question I asked. He mentioned an inflation "peak", just tell me how is it supposed to decline when there is no end in sight to the massive money printing. It's not. There is only one way prices can go, and that is up. Unless, of course, they suddenly start contracting the money supply and pay down the national debt. lol That will never happen. There is no one going to be elected that will do that, or can do that. It's too far gone. Impossible.

~ A large proportion of that money is going to the very rich, who cannot spend enough. That is why we have not seen significant inflation for years.

That's an interesting perspective but I would like to see some data analysis that validates it.

Accelerating the growth of the money supply began a little before the hugely expensive and pointless Iraq invasion and has continued and gotten more vigorous since then for various reasons.
Loading Image...

This will eventually be reflected in prices on a lagging basis. It could take years.

The pandemic has created some scarcity price increases but it has also restrained spending so we're not seeing the full effect yet.

Also, money supply as a percent of GDP had been pretty stable until recently.
Loading Image...

I think there has also been a recent past effect from shipping a large part of our production base to low wage countries which restrains price increases (and converts to lower quality products in many cases). I think that downward price momentum is ending.

Another thing to think about is that China had been inflating its money supply far more agressively than us for years. If you can believe their data.

[BTSinAustin]

Post by risky biz
I think there has also been a recent past effect from shipping a large part of our production base to low wage countries which restrains price increases (and converts to lower quality products in many cases). I think that downward price momentum is ending.

Quality, non existent. I cant remember the last product from amazon that was quality.

[risky biz]

Post by risky biz
<snip a MASSIVE load of cowshit>
It's hilarious watching Blabbermouth trying to LIE his way out of his LIES.
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!
Watch it- BillBlabbermouth backing up!

~ Are you going to go on and on about this like you did when you insisted I wasn't born in 1962? LOL Then what are you going to do when you are humiliated yet again? Try to change the subject like you did when I showed you that the US is NOWHERE NEAR "hyperinflation,"

'Hyper'? Have you started that English As A Second Language course yet?

and that you are nothing but a gibbering, economic illiterate moron? It's not even fun humiliating you anymore because you have absolutely no sense of shame. risytard and jerrytard, like a two-headed coin...except jerrytard doesn't suck popinjay off on a daily basis.

BillBlabbermouth lying:
- 'And yes, I did predict 5-7% inflation this year. If I go to the trouble of showing you the quote will you freely admit you are a complete fucking moron and an economic illiterate? Or will you try to weasel out again?'
- 'I said 5-7%. You aren't man enough to admit the truth. You are a cowardly worm.'
- 'You can "believe" any fucking thing you want. People who read my posts know what I said, I don't lie.'
- 'I am the one who predicted short-term 5-7% inflation. I was spot on, like usual.'

BillBlabbermoith 'predicting':
'I predicted inflation would reach about 5%'
'5.4% annualized. I predicted'
'I predicted last year it would reach somewhere around 5%'
'I predicted short-term inflation around 5%','I"M the one who predicted the 5% inflation'
'5.4% annualized. Pretty damn close to what I predicted last year, wouldn't you say?'
'Powell also said the committee reiterates that the recent rise in inflation is transitory.'
'I'm the one who predicted 5% inflation.'
'Predicting the future is always a game, one I've been proven to be quite good at.'
'It's 5%, just like I told you it would be.'
'You might recall last year I predicted that inflation would probably top out at about 5%, and here we are.'
'Last year I predicted that inflation would probably climb to about 5%'
'I'll just bask in the glow of being right again, as always.'
'The inflation rate for fiscal 2021 will likely be about 3.5%'

[VegasJerry]

Post by risky biz

Post by risky biz
<snip a MASSIVE load of cowshit>
It's hilarious watching Blabbermouth trying to LIE his way out of his LIES.
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!
Watch it- BillBlabbermouth backing up!

~ Are you going to go on and on about this like you did when you insisted I wasn't born in 1962? LOL Then what are you going to do when you are humiliated yet again? Try to change the subject like you did when I showed you that the US is NOWHERE NEAR "hyperinflation,"
'Hyper'? Have you started that English As A Second Language course yet?

and that you are nothing but a gibbering, economic illiterate moron? It's not even fun humiliating you anymore because you have absolutely no sense of shame. risytard and jerrytard, like a two-headed coin...except jerrytard doesn't suck popinjay off on a daily basis.

- 'And yes, I did predict 5-7% inflation this year. If I go to the trouble of showing you the quote will you freely admit you are a complete fucking moron and an economic illiterate? Or will you try to weasel out again?'
- 'I said 5-7%. You aren't man enough to admit the truth. You are a cowardly worm.'
- 'You can "believe" any fucking thing you want. People who read my posts know what I said, I don't lie.'
- 'I am the one who predicted short-term 5-7% inflation. I was spot on, like usual.'
'I predicted inflation would reach about 5%'
'5.4% annualized. I predicted'
'I predicted last year it would reach somewhere around 5%'
'I predicted short-term inflation around 5%','I"M the one who predicted the 5% inflation'
'5.4% annualized. Pretty damn close to what I predicted last year, wouldn't you say?'
'Powell also said the committee reiterates that the recent rise in inflation is transitory.'
'I'm the one who predicted 5% inflation.'
'Predicting the future is always a game, one I've been proven to be quite good at.'
'It's 5%, just like I told you it would be.'
'You might recall last year I predicted that inflation would probably top out at about 5%, and here we are.'
'Last year I predicted that inflation would probably climb to about 5%'
'I'll just bask in the glow of being right again, as always.'
'The inflation rate for fiscal 2021 will likely be about 3.5%'

.
.

I love the smell of BillB Bitch Slapping in the morning..