On the inflation front ...

[arakboss]

Sorry rest of the world but we have to look out for numero uno.

America's plan to fix its economy is going to screw over the rest of the world

There's a growing gap between America's interest rates and the rest of the world. That's going to cause some problems.

www.businessinsider.com

 

[Nick Burkhardt]

 

[made in china]

View attachment 1896376

This reminds me of being in a union:
"You guys must get paid pretty good"

Uh, yeah, a 3% COLA if that's "good" to you?.......

 

[arakboss]

https://www.thestreet.com/investing/stocks/surprise-jobs-report-pummels-fed-rate-cut-bets-amid-big-wage-leap

 

[Alexx1401]

Sorry rest of the world but we have to look out for numero uno.

America's plan to fix its economy is going to screw over the rest of the world

There's a growing gap between America's interest rates and the rest of the world. That's going to cause some problems.

www.businessinsider.com

The US has LONG kept most of the rest of the world afloat. The main reason we get away with what we do is the "too big to fail" thing. Next election we may well get to see what 4 more years of this looks like. Who knows, 3 years from now we may still be stroking along printing money as we feel the need. I am always shocked its lasted this long but, hell may work till I am not longer around.

 

[arakboss]

It really might be different this time as the Fed puzzles over why high rates aren’t hitting the economy harder

While US interest rates at 23-year highs are causing pockets of pain, there’s nothing like the systemic problems that so often wrecked expansions in the past.

fortune.com

 

[Alexx1401]

It really might be different this time as the Fed puzzles over why high rates aren’t hitting the economy harder

While US interest rates at 23-year highs are causing pockets of pain, there’s nothing like the systemic problems that so often wrecked expansions in the past.

fortune.com

So they keep saying the sky is falling, or nothing to see here move along. They have been saying this all my life. They may still be saying it when I am gone

 

[Burt Gummer]

@Alexx1401 In 2004 our Fed debt was $4.3 trillion and now 20 years of printing the Petro Dollar out of thin air, backed by nothing is at 35 trillion and raging higher. Thanks to the War of Terror fraud over the last 20 years we have spend what should have been prosperity and joyful bliss for all Americans on instead war and death.

Gov't isn't about prosperity for its citizens in the West. With our Corporate gov't we are no longer citizens, but just consumers under the thumb of massive, corrupt only-profit-minded mega corporations.

So yes, include me in the sky is falling back then and now. We launched wars on fake pretenses to save the Petro Dollar fraud and killed millions over it. If we had not stopped the nations that wanted to go away from the dollar from doing so with our bombs THEN we would be living in squalor NOW.

Without the Petro dollar we are just an empty shell. All we have current day is our military and a printing press. So printing money and starting wars is our only chance to continue on financially in the short time.

Sorry but in 2024+ the sky is falling on the West, the dollar, our standard of living and our very society. You will see all this planned out horror happen in your lifetime sir. I totally get what you are saying though. If you asked me in 2004 if hyperinflation and the economy as a whole would be in complete collapse by 2014 I would have said yes.

The error is just not the what, it is the when. The West IS DYING, but just in slower motion than expected.

Other than that, have a great week!

 

[Alexx1401]

@Alexx1401 In 2004 our Fed debt was $4.3 trillion and now 20 years of printing the Petro Dollar out of thin air, backed by nothing is at 35 trillion and raging higher. Thanks to the War of Terror fraud over the last 20 years we have spend what should have been prosperity and joyful bliss for all Americans on instead war and death.

Gov't isn't about prosperity for its citizens in the West. With our Corporate gov't we are no longer citizens, but just consumers under the thumb of massive, corrupt only-profit-minded mega corporations.

So yes, include me in the sky is falling back then and now. We launched wars on fake pretenses to save the Petro Dollar fraud and killed millions over it. If we had not stopped the nations that wanted to go away from the dollar from doing so with our bombs THEN we would be living in squalor NOW.

Without the Petro dollar we are just an empty shell. All we have current day is our military and a printing press. So printing money and starting wars is our only chance to continue on financially in the short time.

Sorry but in 2024+ the sky is falling on the West, the dollar, our standard of living and our very society. You will see all this planned out horror happen in your lifetime sir. I totally get what you are saying though. If you asked me in 2004 if hyperinflation and the economy as a whole would be in complete collapse by 2014 I would have said yes.

The error is just not the what, it is the when. The West IS DYING, but just in slower motion than expected.

Other than that, have a great week!

If it happens it happens. Certainly nothing I can do to stop it. So I just roll along for the ride.

 

[bumpus]

My wife and I used to run a restaurant down in So Or. We used to get 40 lb bags of rice for less than 20bucks. Now they are double that. (Thai Jasmine.) That is nuts!

 

[Xaevian]

My wife and I used to run a restaurant down in So Or. We used to get 40 lb bags of rice for less than 20bucks. Now they are double that. (Thai Jasmine.) That is nuts!

That's from all the preppers buying it up for whatevergeddon.

 

[Certaindeaf]

View: https://youtube.com/shorts/R_zUdMZK1S0?feature=shared

 

[arakboss]

Two-thirds of middle-income Americans say they are falling behind due to cost of living | Fox Business

Middle-income households are feeling the squeeze after years of elevated inflation, and 66% reported they are falling behind due to the high cost of living in the U.S.

www.foxbusiness.com

 

[CamoDeafie]

Two-thirds of middle-income Americans say they are falling behind due to cost of living | Fox Business

Middle-income households are feeling the squeeze after years of elevated inflation, and 66% reported they are falling behind due to the high cost of living in the U.S.

www.foxbusiness.com

"Just as the overlords planned"

 

[Nick Burkhardt]

 

[Burt Gummer]

Inflation will only get worse and worse unfortunately. Corp Gov't grifting for useless wars, payouts to the illegals and undeserving. Protit raiding by companies like BlackRock and Phizzzer where YOU, the taxpayer, paid for all their expenses when they were lathered in billions or even trillions in Phizzer's case in pure profits.

Inflation is nothing more than taxation and all taxes are going up, up and away!!! We've given gov't unlimited power to pillage the treasury via the corrupt FED. The .001% and the Oligarchs have lathered themselves in the transfer of wealth from the common man.

It is what it is. Get out of anything dollar based cause once the Saudis dropped the dollar the timing on hyperinflation is ticking away.

They cannot meet their 2030 goals if they don't break the backs of the US middle class and have people begging for crumbs and hand outs. Starving people do not dictate terms.

 

[Camelfilter]

Everything is fine, the current CPI is only ~+3%…

 

[Burt Gummer]

View: https://youtu.be/6z_RWAmzHpc

 

[gmerkt]

That stubborn two percent inflation target of the Feds will likely turn out to be elastic. After while, they will give up and accept a higher "normal" rate. Even at two percent allowable, over 10 years, they've given up 20%. In my opinion, even two percent is unacceptable. The Fed is in one of those between a rock and a hard place situations. They try to follow their paper mandate, but likely are driving the US Treasury Dept. crazy with "higher for longer" rates that the government has to make good on re. entitlement payments. The two concepts are on a collision course.

 

[gmerkt]

Sorry but in 2024+ the sky is falling on the West, the dollar, our standard of living and our very society. You will see all this planned out horror happen in your lifetime sir.

In my opinion, you are correct. But I'm hoping that it takes longer. I agree it's inevitable, but for a change I'm being optimistic for selfish reasons.