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Inflation incoming


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2021 Apr 14, 6:13am   17,419 views  262 comments

by RC2006   ➕follow (2)   💰tip   ignore  

Who would have thought. With all the people collecting "free money" and non-stop printing.

https://www.whitehouse.gov/briefing-room/blog/2021/04/12/pandemic-prices-assessing-inflation-in-the-months-and-years-ahead/

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238   AmericanKulak   2022 Mar 16, 1:57pm  

clambo says
Everyone understands that foreigners coming in here don’t improve their lives one bit, but almost nobody except Trump said anything about it.


One could live cheap, rent a shitty apartment for a few hundred bucks. Even in North NJ, always a top 10 expensive area to live, 25 years ago. Immigration has destroyed that option for native born Americans; the places are all Section 8 getting guaranteed high rent government checks now for illegals and their brood.
239   JimSpatzenfeld   2022 Mar 16, 3:07pm  

High inflation is great for those with high debt against hard assets, like real estate. A millijon Dollar mortgage will soon be peanuts, just sell your rusty old clunker to pay off your mortgage, lol, haha.

High inflation is exactly what this overindebted nation needs.
240   JimSpatzenfeld   2022 Mar 16, 3:08pm  

Sorry my submit button was stuck, I’ll have to spray some WD40 on it…
241   clambo   2022 Mar 16, 3:44pm  

Neither inflation nor high interest rates nor high energy costs are good.

I'm luckily past worrying about them much however.
242   JimSpatzenfeld   2022 Mar 16, 3:59pm  

clambo says
Neither inflation nor high interest rates nor high energy costs are good.

I'm luckily past worrying about them much however.


Might not be good for you, but for every loser, there is a winner on the other end.

For example, high interest rates are good for private lenders. High inflation is good for some indebted folks as long as their income has at least the same amount of inflation. High energy prices is good for some in the energy sector.
243   porkchopXpress   2022 Mar 16, 4:09pm  

JimSpatzenfeld says
High inflation is great for those with high debt against hard assets, like real estate. A millijon Dollar mortgage will soon be peanuts, just sell your rusty old clunker to pay off your mortgage, lol, haha.

High inflation is exactly what this overindebted nation needs.
You can say that again
244   Shaman   2022 Mar 16, 4:20pm  

Last year the inflation was 10%.
This year it will be 15% thanks to unrelenting supply issues and much higher fuel prices.
Expect 20% inflation for next year.

That’s 45% inflation in three years. 45 is also the number of the POTUS we need back to fix this mess Brandon created.
245   JimSpatzenfeld   2022 Mar 16, 5:02pm  

I knew that hyperinflation was lurking around the corner when the Federal Government said:

1.) you don’t need to pay that much tax anymore
2.) you don’t need to pay rent anymore
3.) you can pause your mortgage for a couple of years
4.) you get more money being unemployed than working
5.) we’re mailing large stimulus checks with my signature on it to all citizens

All the sudden a huge amount of excessive spending money for everyone, yeah!!!
248   AmericanKulak   2022 Mar 18, 11:17pm  

Last time we had anything like normal (and the very low side of normal) was 2008. Been hyperstimulatory for 13 years.
249   FortwayeAsFuckJoeBiden   2022 Mar 19, 5:02pm  

100 to fill up today, im really pissed off.
250   just_passing_through   2022 Mar 19, 6:07pm  

Me too! 15 gallon honda accord.
253   Patrick   2022 Mar 24, 10:35pm  



And all of that was pre-Bidenflation.
255   FarmersWon   2022 Mar 25, 12:28am  

Patrick says


And all of that was pre-Bidenflation.


@patrick
The low inflation items are just manufactured in China.
If you take China out, Those would just skyrocket in prices.
258   stereotomy   2022 Apr 13, 3:40pm  

Before WWII, middle- to lower-middle class families would spend about 50% of gross income on food, followed by about 25% for housing.

After the near communist takeover of the US during the great depression, the gub'ment decided never again to permit mass hunger in the U.S. Now we have bellies full of junk food, but no children are crying from hunger.

Until recently (2015), we had the inverse: housing about 50%, food under 25%.

With this inflation, both in rents and food, things are going to come to a very ugly head. I'm looking forward to it. As the slave-fucking founder Jefferson said, "The tree of liberty must periodically be refreshed by the blood of patriots and tyrants."
259   Onvacation   2022 Apr 21, 7:39am  

DooDahMan says
the biggest factors influencing inflation are outside of the Fed’s control

Are they not the people that print all the unbacked money?
262   Patrick   2022 Apr 23, 9:35pm  

Interesting insight: Inflations is nothing other than the transfer of wealth from one person to another. OK, maybe from one group to another group.

https://www.unqualified-reservations.org/2008/06/olx-simple-sovereign-bankruptcy/?source=patrick.net


Thus, if there are one trillion dollars in the world, and we accept the (dubious) assumption that if you own all the dollars you own the Federal Reserve, each dollar is a right to one trillionth of the Federal Reserve. Perhaps this is obvious, but it implies some corollaries.

One, creating new dollars does not affect the value of the Federal Reserve, however we choose to measure that value. Nor does it affect the value of Elbonia, Yukos, or any other right. It is common or garden-variety stock dilution. Dilution is often more convenient than transferring shares from old owners to new owners, but the principle is the same. If there exist one trillion dollars and we print ten billion new ones and give them to X, the effect is just as if we replaced each dollars held by anyone but X with 99 cents, added up the spare cents and gave them to X.


So inflation is the transfer of wealth from people who already own dollars to the people who get the newly printed dollars.

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