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re: How long do yall think it will take for Trump to get grocery prices back under control?
Posted on 12/14/24 at 9:01 pm to John Barron
Posted on 12/14/24 at 9:01 pm to John Barron
quote:And if they can't sell steaks at $20, they might just decide to kill all their cattle, and push the price up to $40 while collecting subsidies from the taxpayers because they aren't making as much money for themselves.
People buying more food. If someone could only afford 1 steak at $20 dollars but at $10 dollars would buy 2 steaks then instead of products sitting on the shelves going bad they lower the prices.
0
Posted on 12/14/24 at 9:05 pm to TSmith
quote:Those things will be true if you are a multi-millionaire.
It’s more likely that wages will increase, allowing more people to better afford their groceries. In addition, your taxes will likely decrease, which will have the same effect.
If you're being paid hourly, you're gonna be fricked.
Posted on 12/14/24 at 9:09 pm to BallHawg10
They don't go down
Posted on 12/14/24 at 9:19 pm to Candyman
Then I have to try to pay my vendors with a handful of those things? I understand the
appeal of gold. I own a little myself, just because. But we evolved away from it as a medium of exchange for a reason.
appeal of gold. I own a little myself, just because. But we evolved away from it as a medium of exchange for a reason.
Posted on 12/14/24 at 10:32 pm to Jim Rockford
quote:
Then I have to try to pay my vendors with a handful of those things? I understand the
appeal of gold. I own a little myself, just because. But we evolved away from it as a medium of exchange for a reason.
I don't know who the people are that post here, but these have to be some of the stupidest comments that I have ever seen posted on a web forum. The good comments get downvoted and the dumb ones get upvoted, and the people here don't even know WTF they are talking about on any issue.
You are saying that you would rather have paper money that gets continuously devalued from inflation, over gold/silver, which has been valuable since the beginning of recorded history, and will never be devaluated.....Unlike paper money, which is worth 25 times less than it was in the 1930's. I even gave an example in my prior posts about the previously silver coins retaining their value. Silver coins were ALWAYS used as American currency prior to the early 60's, and Nixon put an end to the Bretton Woods System in 1971. I can only assume that most of the people posting here are blacks. That's usually the only people that are this stupid on the issues.
Tell us what the reason was that we "evolved from the gold/silver standard."
This post was edited on 12/14/24 at 10:34 pm
Posted on 12/14/24 at 10:43 pm to Candyman
That's all very nice from an academic standpoint, but when I'm dealing with entities all over the country and in some cases overseas, that notional currency makes it a lot more convenient to transfer funds with a few clicks of a keyboard than trying to cart bullion all over the place. If you're talking about something else, I apologize, but I was struck by the absurdity of trying to pay some dude in Singapore with fractional slices of gold I've collected.
If you're talking about some central repository where ownership of gold and silver is exchanged electronically, well that's not much different than what we have now.
If you're talking about some central repository where ownership of gold and silver is exchanged electronically, well that's not much different than what we have now.
Posted on 12/15/24 at 1:45 am to Candyman
quote:
Nixon put an end to the Bretton Woods System in 1971.
And then signed EO 11615, "Providing for Stabilization of Prices, Rents, Wages, and Salaries", instituting the wage and price controls known as "Nixon Shock" when inflation started to spike. Then he put the dollar on an oil standard via OPEC in 1971 and 1973 agreements, and then proceeded to piss off OPEC by supporting Israel in the Yom Kippur War, resulting in the oil embargo of late 1973. He resigned the next year before inflation raised to over 10% in 1975.
Nixon doesn't get enough credit for royally fricking shite up.
Posted on 12/15/24 at 4:41 am to Harry Boutte
Trump Confirms Bitcoin Reserve Plans—$15 Trillion Price Boom Predicted - Forbes
This is Forbes magazine reporting on what Trump has said.
This is Forbes magazine reporting on what Trump has said.
Posted on 12/15/24 at 7:49 am to BallHawg10
Never coming down, at least back down to pre-Potatus levels. We rarely see deflation.
Inflation will slow significantly (prices quit going up from current levels) and then wages will have to catch up.
That's the tricky thing about high inflation even for a short period of time, as we play catch up with wages that labor cost keeps inflation at least "warm".
There will be some decrease immediately (less than 6 mos.) As transportation costs go down assuming no new port shutdown where they set Trump up on that. Then over two years small incremental decreases.
Inflation will slow significantly (prices quit going up from current levels) and then wages will have to catch up.
That's the tricky thing about high inflation even for a short period of time, as we play catch up with wages that labor cost keeps inflation at least "warm".
There will be some decrease immediately (less than 6 mos.) As transportation costs go down assuming no new port shutdown where they set Trump up on that. Then over two years small incremental decreases.
This post was edited on 12/15/24 at 7:50 am
Posted on 12/15/24 at 8:02 am to biscuitsngravy
quote:
Or back when companies just totally moved their manufacturing to China, cutting their costs bigly. In this situations as things are mass produced the cost comes down.
Of course we wrecked the middle class at the same time.
Nah, as manufacturing left the States, we adopted high tech industries which added value.
The smart working class adapted, the dumb working class is sitting around waiting for govt to bring back a bunch of overpaid factory jobs, which is backwards to human development.
In fact, the Upper Middle class emerged as a larger force.
Winners and losers can be measured by individual competency, not losing low level mfg jobs.
Posted on 12/16/24 at 4:39 am to Jim Rockford
quote:
If you're talking about some central repository where ownership of gold and silver is exchanged electronically, well that's not much different than what we have now.
That's totally different than what we have now. Now, we have fiat money that isn't backed by silver. A one dollar bill is worth less than 5¢ from the 1930's. Coins were made out of 90% silver back then. This ended back in the early 60's. A dime was worth 10¢ in silver. A half dollar coin was worth 50¢ in silver. Today, coins are made from cheap materials like tin and a tiny bit of copper. This is what a silver half dollar from the 1960's is selling for today on ebay (mostly because of its silver content, but it also has numismatic value): Half Dollar
Posted on 12/16/24 at 5:33 am to notiger1997
The last year just hasn't seen anymore or much inflation. But everything In the grocery stores have doubled and trippled in price.
What's crazy is my wife does spark on the side and people who actually have to pay for there groceries have mostly small orders most of the time. And you can see they plan there meals out carefully. People who don't have to pay for them with money they've earned get steak, shrimp, lobster, crab legs, etc it's all around tye same couple of weeks each month. Amd most of the time that order doesn't have a tip with it.
I see people with calculators in the store with there list seeing what they can and can not afford that week. A grocery bill for a small family is like having another mortgage payment each month
What's crazy is my wife does spark on the side and people who actually have to pay for there groceries have mostly small orders most of the time. And you can see they plan there meals out carefully. People who don't have to pay for them with money they've earned get steak, shrimp, lobster, crab legs, etc it's all around tye same couple of weeks each month. Amd most of the time that order doesn't have a tip with it.
I see people with calculators in the store with there list seeing what they can and can not afford that week. A grocery bill for a small family is like having another mortgage payment each month
Posted on 12/16/24 at 7:46 am to Jake88
quote:
Every politician does something like this. He suggested that if energy prices dropped it would allow for some prices to drop elsewhere.
That’s what he’s walking back to.
Before the election:
quote:
"Grocery prices have skyrocketed; how can a family afford that? So, when I win, I will immediately bring prices down," Trump said.
This is even what he said after the election:
quote:
"I won on the border, and I won on groceries," he told NBC's Kristen Welker. "Very simple word, groceries. Like almost -- you know, who uses the word? I started using the word -- the groceries. When you buy apples, when you buy bacon, when you buy eggs, they would double and triple the price over a short period of time, and I won an election based on that. We're going to bring those prices way down."
Posted on 12/16/24 at 7:57 am to Joshjrn
As I said, every politician speaks like that. Was John Kerry going to cure paralysis? Did the election of Obama prevent people from being put back in chains? By many measures, Trump's claim is tame in comparison. Why hold him to a higher standard?
And, I have heard him speak of prices coming down as a result of cheaper energy before the election.
And, I have heard him speak of prices coming down as a result of cheaper energy before the election.
Posted on 12/16/24 at 8:07 am to Jake88
quote:
As I said, every politician speaks like that. Was John Kerry going to cure paralysis? Did the election of Obama prevent people from being put back in chains? By many measures, Trump's claim is tame in comparison. Why hold him to a higher standard? And, I have heard him speak of prices coming down as a result of cheaper energy before the election.
I didn’t say he was doing anything different; I’ve always disagreed with Trump’s faithful following on the point of whether he’s just like any other self serving politician. What I’m saying is that I think middle America is about to be very, very confused when a year from now, their grocery bill isn’t a dollar cheaper. We’ll see how they handle that realization when we get there.
Posted on 12/16/24 at 9:23 am to BallHawg10
Posted on 12/16/24 at 12:41 pm to BallHawg10
There are a much higher than average numbers of alters in this thread... Trump won, get over it and enjoy the benefits. Otherwise, sky-scream for the next 8 years...
Posted on 12/16/24 at 3:20 pm to cgrand
quote:
this thread just keeps on delivering
I had a pretty good idea I was gonna have some good content when I made this thread but it delivered even beyond what I thought I was gonna get
Posted on 12/16/24 at 3:34 pm to BallHawg10
Grocery prices really don't go down. They can stop going up as quick and wages can catch up, but it takes time.
Posted on 12/16/24 at 5:22 pm to CatfishJohn
Ok, cool.
That’s just something people say to get elected.
That’s just something people say to get elected.
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