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Message
re: Prices of goods we use every day are rising at their fastest pace in three years
Posted on 5/5/21 at 8:34 am to Salmon
Posted on 5/5/21 at 8:34 am to Salmon
Trump AND Biden's fault, powered by the Federal Reserve.
Had Powell come out and said, "Look, I'm not cranking the printers up" Trump would not have been able to give out his Trump bucks (and funded the Dems "Pakistani gender programs"), and subsequently Biden couldn't have given out his Biden bucks either.
The shut downs last year would have never happened because the states don't have the power to print money.
Trump and Biden were/have been buying votes. The real fault lies at the Federal Reserve.
Had Powell come out and said, "Look, I'm not cranking the printers up" Trump would not have been able to give out his Trump bucks (and funded the Dems "Pakistani gender programs"), and subsequently Biden couldn't have given out his Biden bucks either.
The shut downs last year would have never happened because the states don't have the power to print money.
Trump and Biden were/have been buying votes. The real fault lies at the Federal Reserve.
3
Posted on 5/5/21 at 8:35 am to stout
This is Saos America
Posted on 5/5/21 at 8:36 am to Salmon
quote:
but to act like we wouldn't be dealing with the exact same issues with a Trump presidency is moronic.
This is just what they want, finger pointing.
How long has it been since our country was fiscally responsible? The blame lies in Washington with all parties involved.
Posted on 5/5/21 at 8:36 am to Ronaldo Burgundiaz
Exactly.
Posted on 5/5/21 at 8:36 am to Ronaldo Burgundiaz
quote:
Trump AND Biden's fault, powered by the Federal Reserve.
This goes back way further than that
Posted on 5/5/21 at 8:37 am to Sao
quote:
About that. I would like to remind everyone Florida voted in November to hike the state’s minimum wage to $15 per hour. Only the 8th state to do so and with over 60% support.
As a gradual increase that will take 5-6 years to get to $15/hr. They were already around $8.50, and voted to increase to $10/hr in the fall of 2021. Then it will increase by $1/hr every year until it gets to $15/hr.
If they want to double the minimum wage, this is the way to do it. But, there are too many people trying to make the huge jump to $15/hr in a ridiculously short time.
Posted on 5/5/21 at 8:37 am to Sao
quote:
Outside of skyrocket?
Since Covid and the huge spending is has not done much like one would think.
Posted on 5/5/21 at 8:38 am to Jon Ham
quote:
No no no. This is NOT the place for a multi-dimensional analysis prior to the formulation of a conclusion or prediction. Fear porn, hyperbole, and echo chamber political discussion are our currency here, not critical thinking.
True. All of your posts in this thread are about as useless as this one. Great substance. Much analysis.
Posted on 5/5/21 at 8:40 am to Ronaldo Burgundiaz
quote:
The shut downs last year would have never happened because the states don't have the power to print money.
Trump and Biden were/have been buying votes. The real fault lies at the Federal Reserve.
States were shutting down last year BEFORE any stimulus bills were passed, and a lot of states at least partially re-opened soon after the first stimulus bill passed and PPP money started going out.
It's like some want to ignore that the pandemic was a global event that impacted every developed country and there were ripple effects across the globe and across multiple industries.
Posted on 5/5/21 at 8:40 am to theunknownknight
quote:
1. hyperinflation will hit, as the Bank of America admitted yesterday
Inflation threads are some of the worst on this entire site.
Posted on 5/5/21 at 8:41 am to GRTiger
quote:
True. All of your posts in this thread are about as useless as this one. Great substance. Much analysis.
Someone made a bold yet vague assertion that people have no idea what’s about to “hit us.” I simply asked “what specifically are you talking about?” I’m not the one making any assertions. I find it useful to ask for specifics when someone implies there is a catastrophic event on the horizon, don’t you?
Posted on 5/5/21 at 8:43 am to MusclesofBrussels
quote:
Inflation threads are some of the worst on this entire site.
Our largest national bank straight up said “transient” hyperinflation is expected
Take it up with them
Posted on 5/5/21 at 8:43 am to Buckeye06
quote:
haven't really seen a spike in things
What do you do for a living? I'm getting price increase notices almost daily from major vendors. Cost of fabricated steel parts is up 30-50%. Cost of freight is out of control. Costs are being passed on to customers. I feel like I'm a little bit on the front lines, but supply chain issues are going to trickle down to the end users
Posted on 5/5/21 at 8:45 am to DownshiftAndFloorIt
My pool builder told me when we first met that he will make $8,000 on my pool build. Just the other day he said that it is now expected to be $5,000 due to the price of everything going up.
Posted on 5/5/21 at 8:46 am to Jon Ham
quote:
Someone made a bold yet vague assertion that people have no idea what’s about to “hit us.” I simply asked “what specifically are you talking about?” I’m not the one making any assertions. I find it useful to ask for specifics when someone implies there is a catastrophic event on the horizon, don’t you?
The reason I didn’t answer is because it is a stupid question.
It is self-evident what the effects of hyperinflation while piling up debt leads to: a collapsed dollar
and for those that haven’t figured out what a dollar does - it buys things.
And for those who don’t know what things are - things is a noun that acts as a placeholder for food, water, electricity, healthcare, and shelter
Posted on 5/5/21 at 8:46 am to Jon Ham
Yes, but I also find it useful to contribute if I am upset at the lack of contribution. In your case, one poster was too vague for you to feel like it's worth sharing your vast knowledge to the masses. Give us a break.
Posted on 5/5/21 at 8:47 am to TDTOM
quote:
Since Covid and the huge spending is has not done much like one would think.
Gold has gone up year after year for several now. Even pre-Covid, not because of it.
Posted on 5/5/21 at 8:48 am to TDTOM
This post was edited on 5/5/21 at 8:49 am
Posted on 5/5/21 at 8:50 am to theunknownknight
Dude, you're predicting $500 Natures Own buttered split top. Go have a smoke and more coffee.
Posted on 5/5/21 at 8:50 am to theunknownknight
What metric(s) are you using to determine when the dollar has “collapsed?”
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