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Joined: Feb 2013
Posts: 21,801 Likes: 8
Campfire Ranger
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Campfire Ranger
Joined: Feb 2013
Posts: 21,801 Likes: 8 |
Real inflation is 5-7 %. The fed has been hinging it. The Fed wouldn't do something underhanded like removing food and fuel prices from their index......would they? Imagine that... the Fed cooking the books.
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
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Joined: May 2003
Posts: 16,971 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: May 2003
Posts: 16,971 Likes: 1 |
Buy hamburger ...LOL. What I’d inflation... wow
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Joined: Jan 2005
Posts: 38,891 Likes: 4
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2005
Posts: 38,891 Likes: 4 |
I could be wrong on this (and am quite sure that I will soon be told so), but it seems to me that one of the major factors that contributes to problems in economics is economic theory.
Not a real member - just an ordinary guy who appreciates being able to hang around and say something once in awhile.
Happily Trapped In the Past (Thanks, Joe)
Not only a less than minimally educated person, but stupid and out of touch as well.
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Joined: Jan 2002
Posts: 12,857 Likes: 5
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2002
Posts: 12,857 Likes: 5 |
Inflation is already here. And it’s not because there’s too much money, it’s because there’s no places for people to spend it. You can’t simply can’t remove the majority of services from an economy that’s nearly half services, and not have that money start cavitation.
Right now, the lead time for my feed orders went from a week to nearly a month. The mills can’t keep ingredients in stock. We’re putting together a container of replacement parts and odds and ends from Taiwan, and even there, nothing is in stock, plus transportation is expected to take an additional month.
We decided to remodel the bathroom and kitchen over the winter. Have been calling contractors since August, exactly one came out, and was promptly never heard from again. I’ve been waiting on the electrician for over two months now to rewire the hatchery.
If people don’t start spending money on vacations, movies, concerts and restaurants again, prices will really, REALLY jump.
Sic Semper Tyrannis
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Joined: Dec 2008
Posts: 78,300 Likes: 1
Campfire Oracle
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Campfire Oracle
Joined: Dec 2008
Posts: 78,300 Likes: 1 |
$75k pickup trucks. $8 fast food combo meals. $3 loaf of bread. $4 bag of chips. What inflation?? And there you have it. Plus interest rates rising in a democratic administration is as certain as gravity , so that'll add to it.
"...the left considers you vermin, and they'll kill you given the chance..." Bristoe
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Joined: Jan 2012
Posts: 67,154 Likes: 35
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2012
Posts: 67,154 Likes: 35 |
Inflation buster
$3 double-cheesburger/fry bundle at mcdonalds. Right hand side of the menu board, halfway down. $1 Anysize drink
$4.38 w/Tnsales tax
Same amount of meat that’s on the quarter pounder with cheese combo,same fries, drink Which is $8.48
Don’t get suckered into the pretty pictures of the combo ‘value’ meals on the left hand menu board, and the brain being trained to go left to right. Go to right side.....advice for life.
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Joined: Feb 2013
Posts: 21,801 Likes: 8
Campfire Ranger
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Campfire Ranger
Joined: Feb 2013
Posts: 21,801 Likes: 8 |
I have a simple mind. I'm not especially good at figuring things out so I just tend not to believe what I'm told. Have you been told that inflation is coming? Let's count they ways how: The stock market was at record highs, fueled by massive earnings spurred by Federal spending Then, the Fed dropped rates even lower, and there were rumors of negative rates Quantitative Easing to Infinity Reserve rate to zero (banks can create infinite amount of currency through lending) Nobody buying Treasuries, so the Fed buys them all, monetizing debt Bi-partisan Fiscal Stimulus to the Moon The Government sends you a check The Fed says it will not hold to its traditional inflation target, seeks more The Democrats win control of the White House and Congress Zero rates forever The Government sends you another check They say it wasn't big enough Nearly half the US dollars in existence were created within the last 12 months The messaging couldn't be louder and more clear if it was on a bull horn in front of your house on Sunday morning. "Everyone" is getting the message. At least all the cool people are. Personal Consumption Expenditures (Consumer Spending) pauses early during last year's shutdown, then rockets: https://fred.stlouisfed.org/series/PCEAlmost everything is on fire: houses, gold, silver, the NASDAQ, cryptocurrencies, food, building supplies, semiconductors, guns, ammo... Stonks Bitcoin explodes Retail investors want equity securities with 1000:1 P/E ratios rather than cash Mortgage lending soars Your wife's cousin's grandma bought Tesla stock for her grand-daughter. In short: Everyone is shorting the dollar, mostly because they were told to do so. The US Government desperately needs inflation. Without it, the cost of servicing it's debt will be too high in real terms. Therefore it has both signaled and convinced the world that it will "print" dollars into oblivion to make it happen. What if it doesn't happen? What I mean is, what if it doesn't happen soon enough? What if there is a "short squeeze" on the US dollar and while everyone is waiting for the effect of zillions in Fed liquidity, there is the mother of all margin calls? There are numerous scenarios where this is possible, but like I wrote, I am simple minded. I don't know to predict what sequence of factors could cause it, but I do know that inflation of: the currency supply the stock market housing prices bitcoin gas prices food prices will not provide debt relief sufficient to turn bad debts good. The minds at the Fed and Treasury appear to believe that debt deflation is the boogey-man, and not inflation. Their strategy is to reflate and use fiscal stimulus while providing debt relief through inflation. Their track record of creating debt-relieving inflation is poor. If they can't make inflation happen and happen in a way that debt relief happens for other nations, for businesses, and for consumers, the write-off's could destroy currency as fast as they can create it. They've got everyone convinced that they can run the presses to infinity and beyond. The whole market is worried that they'll run them too far, but they don't seem to be concerned that inflation won't even work the way it's hoped. The more the indicators point to deflation, the more radical and extremist the Fed and Treasury get. The expectation of inflation is implicit faith in the Fed to create it. My fear is the massive debt that 80% of America carries (10% too poor and 10% too rich) will become the tool by which a Socialist Central Bank will seize assets. I.e. Economic Collapse and .gov steps in takes over ALL MORTGAGES. He that holds your mortgage becomes your Master... and you become his indentured servant... or slave (be that word is racist... so I will "Pretty It Up" Comrad? Gestapo? Helper?
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
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Joined: Jan 2012
Posts: 26,529 Likes: 3
Campfire Ranger
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Campfire Ranger
Joined: Jan 2012
Posts: 26,529 Likes: 3 |
Real inflation is 5-7 %. The fed has been hinging it. The Fed wouldn't do something underhanded like removing food and fuel prices from their index......would they? Imagine that... the Fed cooking the books. It's not like food & fuel are everyday items, wait,what?
FJB & FJT
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Joined: Jan 2005
Posts: 38,891 Likes: 4
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2005
Posts: 38,891 Likes: 4 |
Real inflation is 5-7 %. The fed has been hinging it. The Fed wouldn't do something underhanded like removing food and fuel prices from their index......would they? Imagine that... the Fed cooking the books. It's not like food & fuel are everyday items, wait,what? They are just luxury items - just like the sages continually preach, "If you think the price is too high, don't buy".
Not a real member - just an ordinary guy who appreciates being able to hang around and say something once in awhile.
Happily Trapped In the Past (Thanks, Joe)
Not only a less than minimally educated person, but stupid and out of touch as well.
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Joined: Feb 2013
Posts: 21,801 Likes: 8
Campfire Ranger
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Campfire Ranger
Joined: Feb 2013
Posts: 21,801 Likes: 8 |
Inflation buster
$3 double-cheesburger/fry bundle at mcdonalds. Right hand side of the menu board, halfway down. $1 Anysize drink
$4.38 w/Tnsales tax
Same amount of meat that’s on the quarter pounder with cheese combo,same fries, drink Which is $8.48
Don’t get suckered into the pretty pictures of the combo ‘value’ meals on the left hand menu board, and the brain being trained to go left to right. Go to right side.....advice for life.
Taco Bell has $1 burritos (meat like filling they claim) And free Senior Drinks. They are not permitted to ask age, race or gender... so my puppy gets a free senior drink also. Smoking good deal... if good health and taste are irrelevant.
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
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Joined: Jan 2012
Posts: 67,154 Likes: 35
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2012
Posts: 67,154 Likes: 35 |
Yup seen that other day.
Same thing as $1.79 softshell taco. lol
Gotta work these people
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Joined: Nov 2005
Posts: 22,736
Campfire Ranger
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Campfire Ranger
Joined: Nov 2005
Posts: 22,736 |
Inflation will not happen if the economy can be opened up. The supply will be able to match the demand and then watch the V-shaped curve skyrocket.
My home is the "sanctuary residence" for my firearms.
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Joined: Jun 2002
Posts: 131,743 Likes: 20
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,743 Likes: 20 |
The inflationary effects on price from massive currency printing is muted by the fact that the US Dollar is the world's reserve currency, i.e., the inflationary effect of currency printing is spread out over the entire Western world, so it's much slower in causing price inflation than it would otherwise be. But you cannot do it forever. Eventually nations will start seeking alternatives to a constantly shrinking dollar, and then all those dollars are coming home to the US to bid up the price of everything that's not nailed down.
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Joined: Sep 2017
Posts: 2,795
Campfire Regular
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Campfire Regular
Joined: Sep 2017
Posts: 2,795 |
Inflation buster
$3 double-cheesburger/fry bundle at mcdonalds. Right hand side of the menu board, halfway down. $1 Anysize drink
$4.38 w/Tnsales tax
Same amount of meat that’s on the quarter pounder with cheese combo,same fries, drink Which is $8.48
Don’t get suckered into the pretty pictures of the combo ‘value’ meals on the left hand menu board, and the brain being trained to go left to right. Go to right side.....advice for life.
You need to use a coupon. Any smart Boomer would have an envelope full of them. The real reward is handing the coupons out to the Millennials in line.
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Joined: Jan 2012
Posts: 26,529 Likes: 3
Campfire Ranger
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Campfire Ranger
Joined: Jan 2012
Posts: 26,529 Likes: 3 |
I buy 2-3 of the $1 burgers, tear em apart and put all the meatish patties on one bun
FJB & FJT
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Joined: Mar 2002
Posts: 11,505
Campfire Outfitter
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Campfire Outfitter
Joined: Mar 2002
Posts: 11,505 |
The .gov is spending 4.1 trillion per year more than it takes in. Since it doesn't have the money, it borrows it. That means that in the future it will have to pay it back.
Inflation is certain. The question is only when. And how much? A lot.
The .gov wants to buy off the sheeple by doling out a $1400 check to everyone. Well, it's not giving you anything. It's forcing you to borrow $1400 and pay it off in future years with interest (higher taxes and inflation). Meanwhile, unemployed sheeple will stop looking for a job, hurting the economy more. the sheeple will want more freebies when these are done.
Besides, most of the non-existent money they're doling out goes to blue cities that spent more than they could afford, including on pensions for lazy good-for-nothing union thugs.
The cry of the Democrat, "I want more mooch. Gimme more Mooch." They don't understand that they're actually the ones paying for it.
Don't blame me. I voted for Trump.
Democrats would burn this country to the ground, if they could rule over the ashes.
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Joined: Jan 2012
Posts: 67,154 Likes: 35
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2012
Posts: 67,154 Likes: 35 |
I’m not a boomer and I don’t accept misc handbills from 60 yr old drifter types while I’m in the line for the drive-thru window
LOL
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Joined: Jan 2012
Posts: 67,154 Likes: 35
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2012
Posts: 67,154 Likes: 35 |
I buy 2-3 of the $1 burgers, tear em apart and put all the meatish patties on one bun Pig Long as you give the buns to Waylon. lol I have to have at least 1/3 of a burger left for Cooper when pulling into the driveway. If not, i squirt some ketchup from a packet into his mouf. He likes “chetchup” (dogs cant say ketchup)
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Joined: Sep 2017
Posts: 2,795
Campfire Regular
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Campfire Regular
Joined: Sep 2017
Posts: 2,795 |
I’m not a boomer and I don’t accept misc handbills from 60 yr old drifter types while I’m in the line for the drive-thru window
LOL The operative word was "inline"
Last edited by MM879; 02/26/21.
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Joined: Jan 2012
Posts: 67,154 Likes: 35
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2012
Posts: 67,154 Likes: 35 |
Arby’s and Bojangles, coupons, yes
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