Hyperinflation

[HullDown]

Not quite true. They were high during the Coof. A lot of things were high during the Coof. A manufactured method of ass raping the middle/lower class.

I was buying Cheap Vodka @ 12 bucks. The same Cheap Vodka is now 10 bucks.

Now I am a firm believer in the Burrito Index. I heard this comment in 1990 and it gained traction in the year 2000.
I use a variation of the method using fast food as an indicator.

The chart below someone did a name brand burrito and its pricing.


View attachment 2707898


I will say this again A lot of this is manufactured by the FEDs and their actions with money, The Biden Administration and its hand messing with the economy, and of course the super rich/ corporations.
Again if companies are suffering why is the stock market gone up? Why businesses are having banner year after year?

We already have Zillow manipulation the housing market 1 or 3 pillars that keeps our economy going.

As stated previously, winter is going to be cold and costly for many this year.

I should have been more precise with my language, sorry. The alcohol industry is not labor-intensive, and that's why a bottle of Makers Mark will set you back 30 dollars, like it did in 2020 - Covid just wasn't a significant supply side shock for them. Meatpacking is definitely a labor intensive industry and it was hit by Covid like a truck - see this Atlantic article, for instance:

Industrial meatpackers, for example, are having a tough time hiring right now, which might be affecting what you can buy at the grocery store. This type of work was brutal and dangerous before the pandemic, and when the coronavirus hit, some meatpacking plants in the Midwest and Southeast had outbreaks so intense that they briefly drove spikes in statewide infection data all by themselves. Tens of thousands of people were infected, and hundreds of workers died...

For all imported goods, the labor-intensive ring in the supply chain that broke was shipping.

The fact remains that the money the Fed printed is not circulating as long as the Fed is both printing and storing it. How exactly it plans on keeping it from entering circulation, once it stops paying on deposits, and what the total costs and benefits will have been of a policy of printing money for open market operations that did not affect anything aside from bank liquidity measures (formally not one of the Fed's two goals, although mission creep now includes pretty much everything as a Fed unofficial goal), is a much more interesting question. Because if political support for paying banks for doing nothing stops and all that money flows into the economy at once, then you do have a Zimbabwe situation.

 

[Cool Dog]

Fuck it. Fuck it all.

I have no future. Nobody my age has a future.

I'll jump into my grave, laughing all the way down.
I'll laugh when industry goes overseas and jobs dry up.
I'll laugh when 'universal basic income' and 'livable minimum wage' destroy what little is left.
I'll laugh when the stores are empty because there's nobody to ship food, and nobody to stock it.
I'll laugh when the riots start, and the skies are black with smoke, the streets red with blood.
And when the people that voted for this lie on the ground, both hands holding in their guts, praying to a God they don't believe in, begging for the mercy and forgiveness they denied us, I'll laugh the hardest.

this has been in my head for over a week now please help

If my country its any indication the people who voted for this shit and specially the ones that profited from that are the first who will jump the boat to safe developed countries where shit hasnt collapsed (yet) leaving everybody else behind

And to add insult to injury you will see them still defending the bullshit ideologies that destroyed the country from their new safe havens, while you do your best to survive

 

[melty]

I just got a report from a company that tracks several hundred million products on Amazon. They're saying the price increases this year average out to 7.3%.

 

[Wodanaz]

I just got a report from a company that tracks several hundred million products on Amazon. They're saying the price increases this year average out to 7.3%.

name of company?

 

[Never Scored]

name of company?

Albert Einstein.

 

[SevenEightNine]

I think this belongs here. I searched the site and didn't see any references to either the host Jorn Luka or the guest Catherine Austin Fitts, she is a former investment banker who worked in GWBush's administration. She talks about inflation and the controls on inflation, but also brings in covid and a bunch of other conspiracy things that will haunt me for the next while. Interested in finance-y type reactions to this.

I just put the first two sections in, it's still on Youtube.

ETA: fixing archives

Spoiler: Archived video segments

 

[Bassomatic]

The spoiler is broken fam, I'd love to chime in.

Inflation is bad, and it's real. The biggest gripe I'm suffering now is people pretending it's not happening. Admit it and focus on it, or it's going to be like everything else and sneak up.

Right now look at oil, dropped 50 mil barrels and said "OILS FIXED" no no it's fucking not and OPEC just laughed at us, and look how long 50 mil lasts us. I'm longing oil and no shame.

Us Economists drink for a reason, and I think of it this way, faster I put this makers into me, less money I lose buying it right?

 

[Untrue and Dishonest]

I'm not the first one in this thread, but I blame leftists for this . Vote me and I will start this massive climate change project, build this, fund that, etc. Their claim they are building a sustainable economy, but in reality their politics are focused on short term gratification and election gifts. That is because their usual voters (Young people, college students, basketball americans) have the patience span of an amoeba. They want everything NOW NOW NOW. If the left actually cared about future generations they should start working on the exponentially increasing amount of national debt, but hey, no more Pmurt in office so it's okay.

 

[byuu]

If you're sure about hyperinflation, why not make money off it?

Take a huge credit, buy gold with it, watch your debts shrink to almost nothing thanks to inflation, pay back your loans with a fraction of the gold you bought with it.

 

[ConspicuousArdiunoDue]

If you're sure about hyperinflation, why not make money off it?

Take a huge credit, buy gold with it, watch your debts shrink to almost nothing thanks to inflation, pay back your loans with a fraction of the gold you bought with it.

Boomers literally do this with real-estate lol

 

[Quijibo69]

If I owned a house right now I would sell it and move to middle of nowhere. Run solar power and buy a few years worth of food.

 

[mindlessobserver]

If we follow the prior tracks of this economic scenario, 2022 is going to be ugly. This initial inflation spike is occurring even in the face of shenanigans by the central banks and lies by their enforcers in government.

I cannot stress this enough. Everything I know about financial history, HISTORY, not the bullshit theories of the current crop of idiots says the demon is loose and he will claim his due. Get out of the US dollar. Any way you can.

 

[(((Obar Lazcano Kamz)))]

If we follow the prior tracks of this economic scenario, 2022 is going to be ugly. This initial inflation spike is occurring even in the face of shenanigans by the central banks and lies by their enforcers in government.

I cannot stress this enough. Everything I know about financial history, HISTORY, not the bullshit theories of the current crop of idiots says the demon is loose and he will claim his due. Get out of the US dollar. Any way you can.

I have a single oz of silver and a handle of vodka, how far will that take me.

 

[Cedric_Eff]

Fuck it. Fuck it all.

I have no future. Nobody my age has a future.

I'll jump into my grave, laughing all the way down.
I'll laugh when industry goes overseas and jobs dry up.
I'll laugh when 'universal basic income' and 'livable minimum wage' destroy what little is left.
I'll laugh when the stores are empty because there's nobody to ship food, and nobody to stock it.
I'll laugh when the riots start, and the skies are black with smoke, the streets red with blood.
And when the people that voted for this lie on the ground, both hands holding in their guts, praying to a God they don't believe in, begging for the mercy and forgiveness they denied us, I'll laugh the hardest.

this has been in my head for over a week now please help

People today with their delusions. A lack of faith in God.

 

[Overly Serious]

I don't know much about anything but in Bongland you can't seem to find any kind of house or building work for love or money. Want work done on a kitchen, bathroom, house survey, plastering - anything of that nature - and you'll run into wait times of 2-5 months. Everyone is run off their feet with work in the building trade and related. What I want to know is where all the money is coming from for this? It's not supply problems, not in the UK. It's demand. How are so many people finding the money to get their houses done up or buy and renovate new ones? After all the economic hits of Covid, I'd expected demand to be depressed from lower income. WHERE IS IT COMING FROM?

 

[Cedric_Eff]

I don't know much about anything but in Bongland you can't seem to find any kind of house or building work for love or money. Want work done on a kitchen, bathroom, house survey, plastering - anything of that nature - and you'll run into wait times of 2-5 months. Everyone is run off their feet with work in the building trade and related. What I want to know is where all the money is coming from for this? It's not supply problems, not in the UK. It's demand. How are so many people finding the money to get their houses done up or buy and renovate new ones? After all the economic hits of Covid, I'd expected demand to be depressed from lower income. WHERE IS IT COMING FROM?

Loans.

 

[Overly Serious]

Loans.

Is that a serious answer? Because I'm genuinely seeing an insane amount of demand right now. I always knew the principle of "lower interest rates to raise demand" but I've never seen it in practice to this degree. I hope people can pay them.

 

[Hippopatumus]

I just bought an entire house full of furniture and a fancy new lawnmower on 0% interest. Was prepared to pay cash but free money is better. When companies are giving out uncollateralized 0% loans you know the economy is weird.

 

[Rezza]

I don't know much about anything but in Bongland you can't seem to find any kind of house or building work for love or money. Want work done on a kitchen, bathroom, house survey, plastering - anything of that nature - and you'll run into wait times of 2-5 months. Everyone is run off their feet with work in the building trade and related. What I want to know is where all the money is coming from for this? It's not supply problems, not in the UK. It's demand. How are so many people finding the money to get their houses done up or buy and renovate new ones? After all the economic hits of Covid, I'd expected demand to be depressed from lower income. WHERE IS IT COMING FROM?

You know what, I have this same question as well. I live in South East Asia, and its obvious we don't have exactly a very strong economy. So when Covid happened, I thought people are going to save their money. And yet, I noticed an increase in my family's tiling and flooring business like people suddenly came into money. I know there were some stimulus package, but the numbers don't add up since the stimulus amount was small. I also noticed as well despite some business closing up or slowing, others are opening up if not flourishing like the pandemic never happens in the first place

 

[Overly Serious]

I just bought an entire house full of furniture and a fancy new lawnmower on 0% interest. Was prepared to pay cash but free money is better. When companies are giving out uncollateralized 0% loans you know the economy is weird.

Uncollateralized? But with a big deposit, yes?

You're triggering so many flashbacks right now, btw...