I didn't take a pic but we went out for dinner Saturday and the french dip sandwich I got was the smallest I've ever seen it at this place, ever. Probably 1/3 of the meat it used to have. And it was a couple bucks more than the last time.
Sometimes people observe changes in prices that are due to circumstances like supply disruptions (shortages or gluts) or situational demand spikes or drops, or other short-term factors, ans ascribe the price changes to inflation (less often deflation... most focus on "inflation")
Personally, I expect prices for lumber, gasoline, meat, and silver to return to more "normal" in a few months or a year or two... which are all lower than today.
Silver hit $42 in 2011 and it's been well under that mark for the past 10 years. The upward spikes in silver are very short lived lasting less than a week typically.
Hard to judge with the corrupt and dysfunctional situation inside the U.S. that has no parallel in world history.
The Fed will announce today that they will continue to create and dump $1.5 trillion USD per year into U.S. treasuries much of which will never be any balance sheet and most of which will end up in the hands of those they've enriched for decades. That and continued 0% interest rates ad infinitum of course.
As long we have the #1 military in the world there's really not a lot to fear. And that's not likely to change in my lifetime. I'm 56 years old.
@VanHalen said:
Hard to judge with the corrupt and dysfunctional situation inside the U.S. that has no parallel in world history.
The Fed will announce today that they will continue to create and dump $1.5 trillion USD per year into U.S. treasuries much of which will never be any balance sheet and most of which will end up in the hands of those they've enriched for decades. That and continued 0% interest rates ad infinitum of course.
Remember when some here said QE would never end and were rebuked for spreading another conspiracy theory? LOL
It's getting to the point that there are no more conspiracy theories, there are only unbelievable facts awaiting confirmation.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
BIS has now begun counting gold as a Tier 1 Asset. In today's world you are only smart if you are rich, so it's somewhat of a puzzle when the Central Bankers elevate the status of gold. Maybe it proves that they aren't too bright?
Or maybe they know their system is in trouble. You can fool some of the people all of the time, and you can fool all of the people some of the time, but you can't fool all of the people all of the time. I heard that once, a long time ago.
Q: Are You Printing Money? Bernanke: Not Literally
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Helmet, check!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
I didn't take a pic but we went out for dinner Saturday and the french dip sandwich I got was the smallest I've ever seen it at this place, ever. Probably 1/3 of the meat it used to have. And it was a couple bucks more than the last time.
I just bought a couple of ribeye steaks @ $13.97/lb. Seems rather pricey to me.
I knew it would happen.
silver was $50 an ounce in 1980 ... it's been underwater from that mark for the last 40 years.
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Guess that's one exception to the current inflationary trend....
Sometimes people observe changes in prices that are due to circumstances like supply disruptions (shortages or gluts) or situational demand spikes or drops, or other short-term factors, ans ascribe the price changes to inflation (less often deflation... most focus on "inflation")
Personally, I expect prices for lumber, gasoline, meat, and silver to return to more "normal" in a few months or a year or two... which are all lower than today.
Liberty: Parent of Science & Industry
Silver hit $42 in 2011 and it's been well under that mark for the past 10 years. The upward spikes in silver are very short lived lasting less than a week typically.
My Coin Blog
My Toned Lincoln Registry Set
This is an "Inflation Adjusted" price chart for silver over the past 100 years.
My Coin Blog
My Toned Lincoln Registry Set
Back to building a position in SLV... still waiting on GLD.
Hard to judge with the corrupt and dysfunctional situation inside the U.S. that has no parallel in world history.
The Fed will announce today that they will continue to create and dump $1.5 trillion USD per year into U.S. treasuries much of which will never be any balance sheet and most of which will end up in the hands of those they've enriched for decades. That and continued 0% interest rates ad infinitum of course.
As long we have the #1 military in the world there's really not a lot to fear. And that's not likely to change in my lifetime. I'm 56 years old.
Remember when some here said QE would never end and were rebuked for spreading another conspiracy theory? LOL
It's getting to the point that there are no more conspiracy theories, there are only unbelievable facts awaiting confirmation.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Obviously not. "Smart money" is not buying into that scenario.
"Smart money" is not buying into that scenario.
BIS has now begun counting gold as a Tier 1 Asset. In today's world you are only smart if you are rich, so it's somewhat of a puzzle when the Central Bankers elevate the status of gold. Maybe it proves that they aren't too bright?
Or maybe they know their system is in trouble. You can fool some of the people all of the time, and you can fool all of the people some of the time, but you can't fool all of the people all of the time. I heard that once, a long time ago.
I knew it would happen.