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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / US Enters Technical Recession After Two Consecutive Negative Growths (28006 Views)
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Re: US Enters Technical Recession After Two Consecutive Negative Growths by Dscop: 8:10pm On Jul 28, 2022 |
Secondly: Did your Pastor tell you this last Sunday or you just came up with this on your own? I'm really looking forward to reading your research. |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by ParpahSeventy: 8:11pm On Jul 28, 2022 |
jimetagambo:Every Nigerian who has gone out of the country always make $10,000 above every month, they probably do pushing drugs. Your family back here can't probably afford to live in my property, you can sleep on the streets in America and won't be scared, but you can get killed and nobody will bat an eye, you know why? A monkey was just shot, who cares about monkeys, this is someone bullsh*tying his home. Those in Ukraine did this, guess what? They started calling us link them up with people in neighboring countries, when it happened in Wuhan, they called on the "sh*thole" to come save them. You better remain on a faceless forum to type the garbage you are typing, if your face show and day break, you will look into this same sh*thole for redemption. 1 Like |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Secondly: 8:13pm On Jul 28, 2022 |
Dscop: Dey dia na dey ask stupid questions. Watch as events continue to unfold before your very eyes. 1 Like |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 8:15pm On Jul 28, 2022 |
ParpahSeventy:Drugs for where. Do I look like Tinubu (your likely incoming president) to you Guy. Your hatred for Nigerians overseas would one day consume you except you repent. 1 Like |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Dscop: 8:15pm On Jul 28, 2022 |
jimetagambo: That's how all these deluded clowns think, everyone in America is doing shitty jobs; simply because the only people they know that have refused to send them money are doing shitty jobs. 2 Likes |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 8:16pm On Jul 28, 2022 |
Dscop:Infact, I tire oooo. In this age of internet. He can look up LinkedIn and the plenty reports of Nigerians doing amazingly great things all over the world. I just don't understand where his hatred comes from. He can keep on at it. I am just having a good laugh. 1 Like |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Dscop: 8:16pm On Jul 28, 2022 |
Secondly: Shouldn't you be more worried that fulani herdsmen might kill you tonite? Are you able to dial 911 or MC Oluomo as an alternative when your killers show up? And these are the iidiots that'll be voting next year? Chai, our condolences in advance. 2 Likes 2 Shares |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Tianamen1: 8:17pm On Jul 28, 2022 |
The block chain and who would control it is why all this chaos is occurring. Until the world bends a knee and an accord is had that makes the USD central to the new financial world order (from traditional central banks to the distribution ledger), countries would keep suffering. Recession or no recession the USD would keep raising for the foreseeable future. Remember that in the early 2000’s the USD had parity with the GBP. This is bound to reoccur |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by LordAdam16: 8:19pm On Jul 28, 2022 |
Ibime: You and I both know the Ukraine War did not need to happen. Biden's attack against oil drilling did not need to happen. If Trump were in charge, Putin will not have invaded and he would not shut domestic drilling to go beg for oil from the likes of MbS and Maduro. Both actions have exacerbated the downturn worse than it should have been. Interestingly, this is intentional. The establishment wanted to cut ties with Russia and bleed their economy for having the gall to do away with Yeltsin. Trump halted that plan in 2016. So they had to make up for lost time when Biden got in. One of the better reasons is geopolitical. America does not share power. It's primacy is its #1 priority. So a resurgent Russia, China, Iran, and whoever else must be cut to size as a matter of centuries old foreign policy. On the second count of oil drilling. For better or worse, ESG is a thing now and the entire West is moving on from fossil fuels. Strategically, it makes sense to cut domestic supply, use foreign supply as a transitory stopgap, and let high prices encourage change in consumer habits. The problem though is that the establishment and yourself would not be caught dead embracing the positives and negatives of these pivots. So in the first case, Russia is the aggressor even though Ukraine had killed more than 10,000 ethnic Russians in the east in an 8-year civil war. In the second case, the high prices are Putin's fault, even though that was the desired outcome all along. When I point this out, you see it as me playing politics with the economy. You're an American with Nigerian ancestry. I'm not. I think a multi-polar world is better for Nigerians and Africans, in lieu of the hierarchy of Western Liberalism. For instance, the entire climate change brouhaha is using a fairly valid issue--if you can harness energy sustainably, why burn finite fossil fuels and cause needless pollution--to rewrite the rules-based order; such that the West's foes and anyone who isn't aligned with it will get burned. It'll also be a pretty huge stick to coerce non-Western countries into compliance with America's dictates . Currently, Americans and Europeans are encouraging Nigeria to fill in the oil and gas shortfall while simultaneously cutting financing for Nigerian oil and gas projects. Then Biden sends $55m as subscription fee under the guise of aid that'll be funneled to Imperial operatives like our beloved dual-citizen House Speaker as a pat in the back for job well done. Curiously, I think the world needs a strong America. As it does a strong Russia and China. Same way the world needs a strong Iran to counter the excesses of the House of Saud and the Zionists. Unfortunately, for the hawks in D.C, tolerance and liberty are only feel-good buzzwords. Germany is currently committing economic suicide because the hawks in Washington D.C cannot fathom a world where German industry and Russian energy make them co-dependent and give the Europeans dangerous ideas about independence or autonomy from American hegemony. -Lord 3 Likes |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Dscop: 8:20pm On Jul 28, 2022 |
jimetagambo: Link what? If it's not Davido or some one had sex with someone do you think they know anything else? Footbal season will soon start so they'll have some respite from their misery. 2 Likes 2 Shares |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by tctrills: 8:20pm On Jul 28, 2022 |
jimetagambo:I disagree with you about the voodoo thing. It's not like you are pointing to any data. Its just your emotional opinion. Again you are being completely hypocritical. If Trump pumping $8 trillion was so bad then Biden's job should be to try not to all to it. It's called adding fuel to fire. In Bidens first year he spent over $3 trillion. I am sure you know that someone who spends $3 trillion in 1 year is a greater spender than the guy that blew $8 trillion in4 years. |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Nobody: 8:20pm On Jul 28, 2022 |
DerrickzB:Lolz, You brought your madness here too. 1 Like |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by ParpahSeventy: 8:22pm On Jul 28, 2022 |
jimetagambo:When you are confused, you don't know where a particular conversation is headed but you will keep ranting. The talk is not about Nigeria but you Nigerians. I can come into America next week if I have the need, I can travel where I want if there is a need, I can't leave my home when I have tons of things running for me here, am sure you failed in the Nigerian society where many of us are thriving that's what your pains are. Yahoo kids are too small to get close to my domain comrade, no police officer can point a gun at me without authorisation, it is set in the stones, Dangote vehicle knows where to slow and where to run, it takes human quality to pull strings here and you couldn't make a living here, ���� and ran away kowtowing before the whites to get a place to lay your head and food to eat. Am a Pan-African, I will never be an employee of the whites, let this sink in, I have a vision for my people, I have a dream for black Africa and when I see people like you who seek assylum running away I feel sad, the saddest part is when those who get this assylum comes back to insult their own people. So what are we really fighting against. This is the reason I replied you. America is great we know, that doesn't mean you should come back to insult your own and defend those who will use you and won't hesitate to kill you. 2 Likes |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by ParpahSeventy: 8:24pm On Jul 28, 2022 |
jimetagambo:I don't know you, how can I possibly hate you? I don't give a f*CK about you guys seeking assylum in foreign countries, it's hard on you guys, I know that, I rather feel pity not hatred. 1 Like |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by ParpahSeventy: 8:25pm On Jul 28, 2022 |
Dscop:I still don't get you |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Dscop: 8:26pm On Jul 28, 2022 |
ParpahSeventy: I'm responsible for what I say, not what you understand, unfortunately. 2 Likes |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 8:28pm On Jul 28, 2022 |
tctrills:I lived through Voodoo economics. I once had the government cut taxes for 3 years for an oil company I worked for only for that company to close shop in the 4th year and moved to a different state. That was lost revenue for that state government that cut tax. You can't judge Biden until the end of his 4 year term. If we are to follow historical data on US government spending, not much is going to change. The cycle would repeat itself. Vote Republican (cut tax for the rich and mega cooperation), increase deficit. Then a Democrat would likely come and somehow reduce the deficit. They get voted out for a republican then the cycle repeats itself. 1 Like
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Re: US Enters Technical Recession After Two Consecutive Negative Growths by Dscop: 8:29pm On Jul 28, 2022 |
ParpahSeventy: Why are you so jealous of the guy? Why are you such a miserable soul? You said he was doing shitty job - he responded he's making over $10K monthly Now he's an asylum seeker because you saw that on his moniker abi? You're really du.mb. You must be one of serial US Visa reject. 2 Likes 1 Share |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 8:29pm On Jul 28, 2022 |
ParpahSeventy:Google sarcasm. I understand English language can be hard due to the bad educational system in Nigeria. 1 Like |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 8:30pm On Jul 28, 2022 |
ParpahSeventy:Okay. If you don't give a fuk about us guys seeking asylum as you claim, then don't worry about us in obodo Oyinbo. You can save yourself alot of energy if you mind your business and not worry about other people's lives 2 Likes |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Dscop: 8:31pm On Jul 28, 2022 |
jimetagambo: You need to first ask for his mother's tongue then use google translate to help him with - sarcasm. Be your brother's keeper, he already said you cannot clean some people's closet. May I ask why you wanna clean anyone's closet? May the guy actually needs to come out of the closet. 2 Likes |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 8:31pm On Jul 28, 2022 |
Dscop:And I thought I had a bad mouth on this nairaland. I have met my match in you 1 Like |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Dscop: 8:33pm On Jul 28, 2022 |
jimetagambo: Technically it's my fingers that's doing the talking. My mouth is FEM. 1 Like |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 8:34pm On Jul 28, 2022 |
Dscop: 1 Like |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 8:35pm On Jul 28, 2022 |
Drenimarcus When are you moving to Russia nah, I hope you take Seunny4lif with you? 1 Like |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by tctrills: 8:35pm On Jul 28, 2022 |
jimetagambo:Let's not divert and do democrats vs Republicans. Let's remain on topic. Again your experience is very personal not general. Please use data to prove your voodoo. Again, you make strange assertions Federal Reserve is independent of the president so explain how Trump managed to bully the Federal reserve to cut interest rates. |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by Ibime(m): 8:38pm On Jul 28, 2022 |
LordAdam16: I expect better than this Russian piece. This is what happens when you bring too much politics into economic matters. Q1 GDP decline was 1.6%. That predates the Russia situation. Shall we say Russia helped the GDP from -1.6% to -0.9%? Inflation was already 8% before the Russian invasion and had been climbing steadily since October. For the last time, Russia has absolutely nothing to do with American GDP decline and I won't dignify this Russian write-up with engaging it too deeply. A whole 12 years of financial quantitative easing and an unprecented fiscal response to a pandemic has happened which require unwinding, not because oil is $100 which America carried easily for half a decade in the Arab spring, nor natural gas at $8 when America has been carrying natural gas at $20 for most of the 2000s. Knowledge of numbers and price points is key, narrative is just lazy. These are political talking points that appeal to Joe the Plumber level. 3 Likes 1 Share |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 8:38pm On Jul 28, 2022 |
tctrills:If it was independent, would I have said Biden could have fired Jerome Powell in my earlier post on this thread? since Powell is a republican and was appointed by a republican. Bush I think. There have been several research on trickle down economics. You can google it. Please turn on your images. It seems it's off. 1 Like
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Re: US Enters Technical Recession After Two Consecutive Negative Growths by tctrills: 8:41pm On Jul 28, 2022 |
jimetagambo:Again, I don't know where you get your info from. Franklin D. Roosevelt (1933-1945) President Roosevelt added the largest percentage increase to the national debt. Although he only added $236 billion, this was an increase of about 1,048% from the $22.5 billion debt level left by President Herbert Hoover before him. Woodrow Wilson (1913-1921) President Wilson was the second-largest contributor to the debt, percentage-wise. He added about $21 billion, which was a 723% increase over the $2.9 billion debt of his predecessor. Barack Obama (2009-2017) Under President Obama, the national debt grew the most in dollar terms ($8.6 trillion) and was fifth by percentage at 74%. 3 out of the 5 who had grown the debt the most were democrats. That's out of topic but I just had to correct you. 1 Like |
Re: US Enters Technical Recession After Two Consecutive Negative Growths by jimetagambo: 8:42pm On Jul 28, 2022 |
tctrills:Jeez.its like talking to a wall. I will let the pictures do the talking. Ps: republican party in the 1930, 40s and earlier is different from Republican party of nowadays and same for Democrats. Ideology changed. Basic civic in America. 1 Like 1 Share
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Re: US Enters Technical Recession After Two Consecutive Negative Growths by LordAdam16: 8:43pm On Jul 28, 2022 |
Dscop: Is that all? Biden will also be a one term failure like Carter. After apparently getting the "most votes" in history. The election was stolen. More Americans, including Democrats, accept that now than they did at any point in the last two years. Democrats just waive it off as a necessary evil to avoid living under Trump. Well, as the slang goes, "hand don touch everybody". I really do hope the recession doesn't hurt you that badly. Diasporans are responsible for over $30b in inflows every year. Insult Trump as much as you want, but keep cashing that check. Best of luck to you! I'm thankful for the Trump years and BIDEN can't GTFO soon enough. You guys had Warren, Klobuchar, and co and you had to steal the election for that senile "Pedo Pete" f*ck. Very annoying! -Lord 1 Like |
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