They’re not even trying to hide it anymore

[Cool 50th AE]

Just WTF?

At Home Depot the other day.

[Bruze]

Hide what?

[Cool 50th AE]

More than a 30% price increase and they don’t even bother to take down the old price sign.
Just slap the new biden price over it.

[MikeB]

Just wait for the 30% off sale Thursday.

[Mike Mercury]

Originally Posted by Cool 50th AE

More than a 30% price increase and they don’t even bother to take down the old price sign.
Just slap the new biden price over it.

Bidenflation

[KenHorse]

All part of The Plan.....

[LATB]

10% for the big guy.

[Vandelay Industries]

I wouldn't wipe my tool with those at any price.

[Swany00]

lazy bastards too

[Torqaholic]

Used to buy rags by the box full back when they still sold them. Switched over to my thirty year collection of old T-shirts when they quit selling them. If I want to use paper rags I just grab the roll out of the kitchen.

[ricks327]

Originally Posted by Mike Mercury

Bidenflation

Originally Posted by KenHorse

All part of The Plan.....

Originally Posted by LATB

10% for the big guy.

[Bruze]

The skinny on money: In 1971 Nixon delinked the dollar from gold, which would help finance the Vietnam War (a lot of empires, on the ash heap of history, have done this). We went from an asset-based currency to a fiat or debt-based currency which is backed by “the full faith and credit of the Federal Government.” Or something like that. Without that all you have is ink on paper.

With a spending deficit every year, they “create” more money via debt by selling Treasury securities. This is inflationary, devaluing every existing dollar out there. Note: It’s okay for them to do this, but if you do it you’re breaking the federal counterfeiting law.

Rising prices are not inflation, they are a reaction to inflation.

Things are not more valuable now than they used to be, but the dollar is less valuable so it takes more of them to buy the same thing as before.

It’s a bit more complicated than blaming one prez for it. First of all, all spending bills start in the House, then yay or nay in the Senate, then the prez signs or vetoes it. FWIW, Trump signed every bill that was put in front of him.

The root of the problem here, as I see it, is the fiat or debt-based currency that is controlled by the government (the Fed or whatever). We’re kinda stuck with that for now, at least until everything collapses.

I’m glad I’m old.

[the new me]

Originally Posted by Bruze

The skinny on money: In 1971 Nixon delinked the dollar from gold, which would help finance the Vietnam War (a lot of empires, on the ash heap of history, have done this). We went from an asset-based currency to a fiat or debt-based currency which is backed by “the full faith and credit of the Federal Government.” Or something like that. Without that all you have is ink on paper.

With a spending deficit every year, they “create” more money via debt by selling Treasury securities. This is inflationary, devaluing every existing dollar out there. Note: It’s okay for them to do this, but if you do it you’re breaking the federal counterfeiting law.

Rising prices are not inflation, they are a reaction to inflation.

Things are not more valuable now than they used to be, but the dollar is less valuable so it takes more of them to buy the same thing as before.

It’s a bit more complicated than blaming one prez for it. First of all, all spending bills start in the House, then yay or nay in the Senate, then the prez signs or vetoes it. FWIW, Trump signed every bill that was put in front of him.

The root of the problem here, as I see it, is the fiat or debt-based currency that is controlled by the government (the Fed or whatever). We’re kinda stuck with that for now, at least until everything collapses.

I’m glad I’m old.

I thought Nixon unlinked the dollar from gold because de Gaulle demanded the gold in exchange for the dollars in the French treasury.

[Bruze]

Originally Posted by the new me

I thought Nixon unlinked the dollar from gold because de Gaulle demanded the gold in exchange for the dollars in the French treasury.

I forget, probably several reasons. His wage and price controls had something to do with it too I think.

[Mike Mercury]

the last president to submit a balanced budget was...


Nixon.

[Torqaholic]

Speaking of shopping. Youngest son was over with 3 of the grandkids a couple days ago. Cutest little things ever!!! Conversation I had with the 5 year old girl -

Her: I'm hungry.

Me: Sorry, I don't have any food (she was about to go home for supper and I only have meals that need cooking).

Her oozing sympathy: Why not?

Me: Because I don't like to shop.

The look of utter horrification on her face was priceless

[VITE1]

Originally Posted by Bruze

The skinny on money: In 1971 Nixon delinked the dollar from gold, which would help finance the Vietnam War (a lot of empires, on the ash heap of history, have done this). We went from an asset-based currency to a fiat or debt-based currency which is backed by “the full faith and credit of the Federal Government.” Or something like that. Without that all you have is ink on paper.

With a spending deficit every year, they “create” more money via debt by selling Treasury securities. This is inflationary, devaluing every existing dollar out there. Note: It’s okay for them to do this, but if you do it you’re breaking the federal counterfeiting law.

Rising prices are not inflation, they are a reaction to inflation.

Things are not more valuable now than they used to be, but the dollar is less valuable so it takes more of them to buy the same thing as before.

It’s a bit more complicated than blaming one prez for it. First of all, all spending bills start in the House, then yay or nay in the Senate, then the prez signs or vetoes it. FWIW, Trump signed every bill that was put in front of him.

The root of the problem here, as I see it, is the fiat or debt-based currency that is controlled by the government (the Fed or whatever). We’re kinda stuck with that for now, at least until everything collapses.

I’m glad I’m old.

Bingo.

Add in the fact the majority of government spending is mandatory and its a recipe for disaster.

[GTOguy]

I had never heard of fiat- based currency before.

[Onebadcad]

I would wear this t-shirt: