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Old 06-15-2021, 03:01 PM
 
1,094 posts, read 497,374 times
Reputation: 858

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The level of inflation right now is reaching nose-bleed levels. At the vacation complex we moved back over to yesterday, the convenience store jacked up prices more than 5% since just last week!!! Everyone's noticed and is very upset about this-- we can't just grow money on trees to pay the suddenly pushed up prices-- but the store proprietor, whose family has been running the place for decades said they had no choice. Their wholesale prices have shot up even more than 5 percent and they're barely staying afloat. The lines have gotten longer too because they can't afford to keep as many people on staff, so that's another hidden form of inflation taking hold.

It's even worse for our kids, nephews and nieces. With inflation the way it is, even the smarmiest used-car dealers advertising their deals are having to push prices way, way up, while college tuition costs even at the public universities are going insane. Our supplemental health insurance bill shot up yet again this month without any underlying changes and it's often worse for anyone considering having a kid. Several of our nieces and nephews are already starting to make plans to emigrate and move their families out of the USA, especially those with the jus sanguinnis paperwork to move to Europe but a lot are talking about moving down to places like Chile or Costa Rica or even out to Asia where, even with their own problems cost of living is much, much lower than the insanity of the United States monetary policy right now. Like I said Jerome Powell is basically running the world's biggest criminal organization right now in the US Federal Reserve, they're actively stealing the hard work, created wealth and savings of hundreds of millions of Americans. (And to all the dumb idiots who talk about "just invest and hedge against inflation"-- there's no safe place to invest anymore because of all these stupid asset bubbles Powell and the Fed have inflated, the only place with returns right now is crypto-currency and for that you might as well roll the dice every day on the value of any savings you invest). As long as Americans just sit passively by like sheep as the Fed steals their hard-earned money away like this with inflation, this stupid charade will keep going on.
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Old 06-15-2021, 03:35 PM
 
Location: Sector 001
15,936 posts, read 12,236,371 times
Reputation: 16104
Some good posts. Those who have stocks and real estate are not complaining though....not yet. Not much we can do...they are going to basically monetize government debt during the great reset...just erase it from the books in a global level.
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Old 06-15-2021, 04:18 PM
 
Location: Ohio
24,623 posts, read 19,105,746 times
Reputation: 21738
Quote:
Originally Posted by Grlzrl View Post
Inflation for May was 5%. It's the regressive tax there is. Biden hurting the poor.
Biden has nothing to do with it.

Quote:
Originally Posted by Corascant View Post
The US Federal Reserve has basically become a criminal organization, ...
Newsflash: The Federal Reserve does not and cannot cause Demand-pull Inflation, nor can it do anything to halt or mitigate it.

Quote:
Originally Posted by Corascant View Post
The level of inflation right now is reaching nose-bleed levels.
Panic much?

I guess it's a good thing you weren't alive in the 1970s or you'd have bled to death.

Let's have a quick Economics lesson for the non-starters.

Prices are determined by the Supply & Demand of goods, services and resources.

When the Supply of goods, services and resources exceeds Demand, prices stagnate or drop. Likewise, when Demand for a particular good, service or resource decreases, prices stagnate or drop.

When Demand for a good, service or resources exceeds the Supply, prices rise, or if Demand remains constant, but the Supply decreases, prices rise.

As everyone with a brain can plainly see, the Federal Reserve has nothing to do with that.

The Locust-like Borg Americans over-consume and over-use everything, and some things are in short supply, so naturally, prices rise.

You ain't seen nothing yet. Just wait a few years. You really will have Monetary Inflation and then you can proudly and correctly scream, "Federal Reserve!" all you want.
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Old 06-15-2021, 04:36 PM
 
Location: USA
2,861 posts, read 1,137,456 times
Reputation: 6476
Quote:
Originally Posted by AADAD View Post
What an excellent and incisive post. Hubris is it's own demon and when the house of cards collapses jumping from buildings will only be the beginning of what will most likely be revolution.
Agreed, and I would like to add:
Housing and rent moratoriums are about to be lifted.
Interest rates are poised to rise.
Prices for everything are spiking.
The uncontrolled, continuing invasion at our southern border.
These things, along with the fallout from Covid and the dismantling of livelihoods, are forming a perfect storm of which a revolution could occur. January 6th could easily, in hindsight, be seen as a test run.
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