Inflation

Rodnok1 · 11-12-2021, 12:11am

Up 0.9% in October up 6.2 % in a year, highest since 1990.
Even the libtards admit wages in no way are keeping up, so we're worse off than a year ago. They're worried I'll turn into actual recession and high inflation not just perceived inflation. No perceived about it dumbasses.

Today the announced what they expect energy costs to be this winter, like it was a great suprise really. The working man and poor are going to suffer this winter for sure. Guess it's ok for people to freeze to death since solar will save us all.

They're circling the wagons saying nothing president or anyone can do about it.

Quote from an article:
The EIA is projecting that bills could rise 15% for households heated by electricity, 50% for those who rely on natural gas, and nearly 60% for people who use heating oil. But perhaps the biggest blow would be for propane users who are looking at a potential 94% increase.

Torqaholic · 11-12-2021, 12:17am

A president leads by example. Looks like everyone thinks they're the big guy now and wants 10% of what isn't theirs to take.

VITE1 · 11-12-2021, 8:28am

You get the government and society you vote into office.

bsmith · 11-12-2021, 8:31am

Amazing how people forget even the recent past.

We were first time homeowners when natural gas spiked and people were getting $400-$500 heating bills in the winter in 2007-2008.

Our local power company has since converted all of their plants from coal to Natural Gas.
I said at the time that is was stupid to rely on one source entirely...but the green weenies got to them.

Going to get ugly.

Steve_R · 11-12-2021, 8:33am

Dan47 · 11-12-2021, 8:34am

I think this might eventually be the pin that pops the massive debt bubble we are in? More money spent on necessities = less to spend on luxuries.

Every business and job providing those luxuries, especially the ones carrying a bunch of debt, might find servicing it, much harder. If they lose the ability to keep up, it could start the deflationary death spiral the central planners fear? A human created SHTF event for the record books.

It has to happen eventually but I think they have room to kick the can further by implementing UBI or other B.S.? Appears they are attempting to use the current Virus nonsense to sicken and impoverish our population as much as possible to gain control over the outcome?

Time will tell.

Rodnok1 · 11-12-2021, 8:46am

Quote:

Originally Posted by bsmith

Amazing how people forget even the recent past.

We were first time homeowners when natural gas spiked and people were getting $400-$500 heating bills in the winter in 2007-2008.

Our local power company has since converted all of their plants from coal to Natural Gas.
I said at the time that is was stupid to rely on one source entirely...but the green weenies got to them.

Going to get ugly.

Nc just past regulation to have coal plants closed and convert those to NG, passing a reasonable amount directly to the consumers, throw that on top of high electric rates amd we'll go from a fairly low cost of living state to a very high rate.
I'm not sure who thinks this won't tank th e economy, we only have so much money to spend and if goes to utility bills every other industry will suffer as consumer spending will decrease. We won't need all that shit sitting on ships as won't have th e money to buy it.

ratflinger · 11-12-2021, 8:59am

Help a conservative stay warm this winter, let the demo voters suffer.

VITE1 · 11-12-2021, 9:36am

Don't forget that the larger the national debt grows the weaker the USD becomes the more dollars we need to buy thing made overseas.

Rodnok1 · 11-12-2021, 10:17am

This came out today, majority of schools here lean so far left not even funny anymore so when they're throwing a flag...

https://www.wraltechwire.com/2021/11...onomist-warns/