Inflation

[Dan47]

Originally Posted by dvarapala

Undoubtedly.

Just out of curiosity, what do you think Trump would have done in lieu of printing trillions of new dollars?

This^. Trump was spending like a drunken sailor, made the gov't bigger, etc. He talked a good game but is obviously playing a role. Of course, the alternative for him or any politician, is to allow the system to go through a deflationary death spiral. A deflationary collapse that would and one day will, make the Great Depression the good ole days by comparison. Maybe holding it off as long as possible is the better choice?

The central bank was supposed to be "independent" of politics, to avoid this type of horror show but here we are. And this is not the first time a fiat currency has been tried. People are corruptible and history rhymes, The End.

[Bill]

Originally Posted by Steve_R

The Fed has far more control over inflation than does the POTUS, but you already knew that. To answer your question directly, Trump wouldn't have cancelled the Keystone pipeline and made drilling on federal lands much more difficult and expensive for a start. He might have told CA to GTF out of the way with their insane trucking and smog regulations on port vehicles and trucks so that cargo could move faster. Trump wouldn't have groveled to OPEC and Russia to increase their oil production as Brandon did without success. The U.S. was a net exporter of oil under Trump. Now we're a net importer at the mercy of other countries.

When the price of energy goes up, so does everything else. Duh.

This. Also, our dollar only has value because we're the world's superpower. And we're a superpower because our military, up until recently, has been the best on the planet. After forcing the experimental injections and woke shit like pronouns, diversity training, etc., our fighting forces are rapidly becoming neutered. The mission is no longer force projection, or even breaking shit and killing people. Recall the drone strike on an aid worker, and how we told the whole world we killed high level terrorists.

At least when Trump hit someone, like General Salami, everyone knew that's what actually happened. If we lose the petro-dollar, and/or world reserve currency status, then the fiction that is the value of US dollars is OVER.

Our fiat money is like the emperor who had no clothes. We all just pretend the emperor isn't buck naked, and we all just pretend the dollar is worth something, despite the fact that M2 has just miraculously skyrocketed the last few years. It's a house of cards that has got to fall at some point, unless we break the CCP and literally keep the world at gunboat diplomacy gunpoint to make them all pretend our dollar has value.

[Bill]

Originally Posted by Dan47

This^. Trump was spending like a drunken sailor, made the gov't bigger, etc. He talked a good game but is obviously playing a role. Of course, the alternative for him or any politician, is to allow the system to go through a deflationary death spiral. A deflationary collapse that would and one day will, make the Great Depression the good ole days by comparison. Maybe holding it off as long as possible is the better choice?

The central bank was supposed to be "independent" of politics, to avoid this type of horror show but here we are. And this is not the first time a fiat currency has been tried. People are corruptible and history rhymes, The End.

Also this. Trump ran on doing the same thing that happened during the Clinton years.....such a good economy that soooo much tax money was rolling in, we could almost, just about actually balance the budget. His plan was actually starting to work, but then he got hit with the China virus and just started blowing money. He also gave in after the government shutdown to a huge porkulus bill. I recall him saying he would never do that again. I wish we'd gotten a chance to see if he kept that promise.

What should have happened in the second Trump term would be to fire up that great economy again, and then do something like the Ron/Rand Paul penny plan, reduce government spending by 1% each year. This would have been easier to accomplish if we didn't have Bidenflation, of course, and MOST of the inflation is due to Biden reversing all the Trump policies.

[Mike Mercury]

Originally Posted by Steve_R

The Fed has far more control over inflation than does the POTUS, but you already knew that. To answer your question directly, Trump wouldn't have cancelled the Keystone pipeline and made drilling on federal lands much more difficult and expensive for a start. He might have told CA to GTF out of the way with their insane trucking and smog regulations on port vehicles and trucks so that cargo could move faster. Trump wouldn't have groveled to OPEC and Russia to increase their oil production as Brandon did without success. The U.S. was a net exporter of oil under Trump. Now we're a net importer at the mercy of other countries.

When the price of energy goes up, so does everything else. Duh.

and that's the point; Trump wouldn't of had to do anything about this because it wouldn't of manifested itself in the first place.

[Dan47]

Originally Posted by Steve_R

The Fed has far more control over inflation than does the POTUS, but you already knew that. To answer your question directly, Trump wouldn't have cancelled the Keystone pipeline and made drilling on federal lands much more difficult and expensive for a start. He might have told CA to GTF out of the way with their insane trucking and smog regulations on port vehicles and trucks so that cargo could move faster. Trump wouldn't have groveled to OPEC and Russia to increase their oil production as Brandon did without success. The U.S. was a net exporter of oil under Trump. Now we're a net importer at the mercy of other countries.

When the price of energy goes up, so does everything else. Duh.

Granted but he lost the election. Either on accident or by choice? Doesn't matter which, he failed. Dude surrounded himself with people that failed him too and again, doesn't matter if it was on accident or purpose. The buck stops with him.

[Steve_R]

Originally Posted by Dan47

Granted but he lost the election. Either on accident or by choice? Doesn't matter which, he failed. Dude surrounded himself with people that failed him too and again, doesn't matter if it was on accident or purpose. The buck stops with him.

So why doesn't the buck stop with Biden since he's been in office for almost a year and everything's gone to shit?

[Dan47]

Originally Posted by Steve_R

So why doesn't the buck stop with Biden since he's been in office for almost a year and everything's gone to shit?

Sure Biden is a failure, not suggesting he isn't but we all knew he would be and that this would happen with him in office.

Trump was meant to stop it from happening, he failed and it's annoying when people defend him. Evidence suggests he never intended to MAGA or win the past election IMO.

And as it relates to this subject, he literally demanded the Fed increase QE (inflation) to fund more nonsense while he was in office.

"Trump calls on Fed to cut rates by 1% and urges more quantitative easing
PUBLISHED TUE, APR 30 20192:06 PM EDTUPDATED TUE, APR 30 20193:03 PM EDT"
https://www.cnbc.com/2019/04/30/trum...ve-easing.html

[Rodnok1]

Latest numbers out just now, 6.8% increase in one year the highest in 40 years. If you remove gas and something else still 4.9%. They anticipate another year plus before slows up.
This number is skewed even I think as it's only a one year comparison, be Interesting to see how much more we're paying compared to 2 years ago.
We need a trillions of spending bill to fund free shit for every good commie.
Raleigh is an example of raising skool worker wages and announced property taxes will go up.

[Dan47]

The only way inflation slows down, much less stops, is if deflation is allowed. Neither can avoid a painful reset of the current dollar and all the promises like “pensions”, tied to it.

Dollars are a claim on wealth, an IOU, the ultimate “naked short”. There simply is no where near enough real wealth supply to satisfy the demand, temporarily corralled in various financial nonsense. When markets (us) realize they can never stop inflating (debasing) the dollar, we are going to have a “crack up boom” for the record books, (or less likely IMO, a deflationary depression from hell).

[Rodnok1]

Wholesale prices jumped 9.6% from a year ago, no signs of letting up either.
Food prices, which had fallen 0.3% in October, jumped 1.2% in November.
Energy prices rose 2.6% after a 5.3% percent rise October.

https://www.wraltechwire.com/2021/12...r-index-shows/

[bsmith]

Biden said prices are going to start dropping soon.

[ZipZap]

Way early in this thread, it was pointed out that the Prez leads by example. This administration continues to espouse the belief that the Prez can't do anything about the current situation.

I don't buy the latter. The most powerful position in the world sets the tone. If he decides to start a war against the oil/gas companies, then the world will react proportionately. It's not Keystone in particular, as that would be a small contribution. It's the idea of Keystone, and the other policies he seems to be pursuing. We're selling off reserves to offshore buyers; that's a disaster. We're kowtowing to some of the worst regimes on the planet to try and solve the supply issues.

He has been behind the problems almost universally. Reaction vs. proaction. We're about to get our ass kicked by the CCP, and he thinks that making friends is still the best approach.

I just don't get where this administration is headed, and what the goals are.

[Rodnok1]

Consumer prices up 5.7% in the last 12 months. Personally I think it's more if food is included and I did not see numbers to pre kung flu. Blaming consumers for buying stuff seems reasonable explanation. i don't know about you but I need to continue to buy food.
https://www.wral.com/consumer-prices...ears/20048265/

[Dan47]

Originally Posted by Rodnok1

Consumer prices up 5.7% in the last 12 months. Personally I think it's more if food is included and I did not see numbers to pre kung flu. Blaming consumers for buying stuff seems reasonable explanation. i don't know about you but I need to continue to buy food.
https://www.wral.com/consumer-prices...ears/20048265/

Housing is an even bigger scam for reducing real price increases. They call it "owners' equivalent rent"

Understanding Owners' Equivalent Rent

Owners’ equivalent rent is a statistic that is followed by homeowners and tracked by the Bureau of Labor Statistics. Generally, owners' equivalent rent is obtained through surveys asking homeowners the following question: "If someone were to rent your home today, how much do you think it would rent for monthly, unfurnished and without utilities?"

https://www.investopedia.com/terms/o...monthly%20cost.

^ They're following the Science. I wonder what their price inflation numbers would read if they included home prices instead? Like they did in the past...

[Dan47]

Originally Posted by ZipZap

Way early in this thread, it was pointed out that the Prez leads by example. This administration continues to espouse the belief that the Prez can't do anything about the current situation.

I don't buy the latter. The most powerful position in the world sets the tone. If he decides to start a war against the oil/gas companies, then the world will react proportionately. It's not Keystone in particular, as that would be a small contribution. It's the idea of Keystone, and the other policies he seems to be pursuing. We're selling off reserves to offshore buyers; that's a disaster. We're kowtowing to some of the worst regimes on the planet to try and solve the supply issues.

He has been behind the problems almost universally. Reaction vs. proaction. We're about to get our ass kicked by the CCP, and he thinks that making friends is still the best approach.

I just don't get where this administration is headed, and what the goals are.

The goals appear to be the economic destruction of our Nation. The demolition phase of "Build Back Better" communism.

[Rodnok1]

Announced consumer prices went up 7% in 2021. That's number is skewed alot if go back to kung flu start its more like 15%.
One restaurant chain CEO said their food and beverage costs went up 9% and labor 9% in a qtr(article didn't state which qtr) . Th ey have raised prices 2% last qtt and another 4% upcoming yhis qtr.
So how's that demanding 15/hr shit working out for everyone. Anyone on fixed income is going to suffer in the coming years so instead of spending money on extras and helping the economy they'll be sticking to necessities or cutting back.
Used car prices are up 35% with average cost 27k believe it was.

[Dan47]

Originally Posted by Rodnok1

Announced consumer prices went up 7% in 2021. That's number is skewed alot if go back to kung flu start its more like 15%.
One restaurant chain CEO said their food and beverage costs went up 9% and labor 9% in a qtr(article didn't state which qtr) . Th ey have raised prices 2% last qtt and another 4% upcoming yhis qtr.
So how's that demanding 15/hr shit working out for everyone. Anyone on fixed income is going to suffer in the coming years so instead of spending money on extras and helping the economy they'll be sticking to necessities or cutting back.
Used car prices are up 35% with average cost 27k believe it was.

It’s not minimum wage demands causing these prices, it’s corrupt currencies and the central bank’s / governments controlling them. The whole purpose behind the Constitution requiring only gold and silver be used as money.

“Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security but [also] at confidence in the equity of the existing distribution of wealth.

Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become "profiteers," who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.

Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”

― John Maynard Keynes

[Old Ben]

Saw this today while on the way to Home Depot.

[ZipZap]

Originally Posted by Old Ben

Saw this today while on the way to Home Depot.

Attachment 63101

Alabama? NFW.

[Rodnok1]

Shrinkflation been in the news alot.
Every large food manufacturer announced another round of consumer price increases this year, from 7 to 15%.
Gas has gone up 1 cent a day plus in last 3 weeks, 9 to 15 cents here since Sunday. Some places 15 plus each of the last 3 weeks. So 30 to 45 cents in 3 weeks on average.