The U.S. economy shrank in the second quarter, raising fears that the country could be close to a recession
The inflation is horrible, prices are rising for everything. Then, to make it worse they are raising interest rates, they hope to reduce the inflation by raising the interest.
After I quit smoking cigarettes, and after I gave up my car, I have been able to do okay, I have been able to get through the month, but now with inflation I am going to be living on pasta at the end of the month for the last few days, I am going to make a big pot of spaghetti and live on it for a few days to make it through the month. This inflation is horrible.
And I do not understand raising the interest rates, that just seems like a bad idea, in order to save Turkey during their inflation crisis I suggested that they raise the tariffs on imports at their entry points, and use the money from the tariffs to train their people for the jobs of the future, and that they build new factories, etc, and expand exports to the Arabs to strengthen their economy, and Turkey can produce and make movies and television shows in Turkey for the Arabs, etc.
In the USA, we can do the same thing, we can raise tariffs on imports and invest the money into training American workers for the jobs of the future, and we can strengthen our economy by expanding exports, etc.
( Of note, we should have been producing concerts, etc, in Russia like we did immediately following the Russians getting their freedom, to have a better relationship with Russia. We can make the world a better place by producing good entertainment for the people around the world, including in Russia, after this current mess with Ukraine. )
Also of note, is that the USA can put the unemployed people to work building our high speed trains for Amtrak, as we expand in other ways, and our tourists will love our high speed trains, etc. We can also put people to work building housing for our homeless people.
The people on Social Security also need a raise to keep up with inflation.
Cigarettes are $10 per pack, and Gasoline is $6 dollars per gallon, I am happy that I quit smoking and that I gave up my car, I would never make it if I smoked and drove.
Of note too, we need to look at steps that Reagan took to end the inflation and to improve the world economy when he was President.
Salute,
Tony V.
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