Not only will it cost zero, the $3,500,000,000,000 will be anti-inflationary can't believe this isn't an onion article:
None of these weasels in gov.com could make it in a normal business environment. George Orwell himself would have a hard time believing what is going on now.
Q: Are You Printing Money? Bernanke: Not Literally
A couple of family members have recently purchased eyeglasses.... looks to me like a 50% increase or so in frames anyways. $300 to $400 for eyeglasses frames? Yikes. After looking around some, found some acceptable ones in the $200 to $300 range....
And yes, to the nay-sayers regarding inflation... there are places that advertise complete set of glasses + exam for $99 etc.... but you get what you pay for. Need bifocals? need harder materials for the lens? prefer hinged eyeglasses? prefer anti-glare? etc. etc. and all add on to the cost. Insurance helps some but not a lot.
@tincup said:
A couple of family members have recently purchased eyeglasses.... looks to me like a 50% increase or so in frames anyways. $300 to $400 for eyeglasses frames? Yikes. After looking around some, found some acceptable ones in the $200 to $300 range....
Got eye exam and glasses cheap at America's Best. Highly recommend them.
But there sure have been good opportunities to "back up" that new truck in the past year. Today may be one of them.
While FED official jawboning may influence the paper futures market (your chart), buyers of real silver are thanking the FED for being such fools. Thank you FED. The day will come when buyers become big gain sellers and will once again thank the FED.
@tincup said:
A couple of family members have recently purchased eyeglasses.... looks to me like a 50% increase or so in frames anyways. $300 to $400 for eyeglasses frames? Yikes. After looking around some, found some acceptable ones in the $200 to $300 range....
Got eye exam and glasses cheap at America's Best. Highly recommend them.
I don't have an "America's Best" around here but have done reasonable well at Costco.
I used to go to Lenscrafters but you now need a second mortgage at that place.
@tincup said:
A couple of family members have recently purchased eyeglasses.... looks to me like a 50% increase or so in frames anyways. $300 to $400 for eyeglasses frames? Yikes. After looking around some, found some acceptable ones in the $200 to $300 range....
Got eye exam and glasses cheap at America's Best. Highly recommend them.
I don't have an "America's Best" around here but have done reasonable well at Costco.
I fill my contact lens script from America's Best at Sam's Club.
@ErrorsOnCoins said:
5 months ago everyone was freaking about the price of lumber.
5 months ago I went to Home Depot to price a project involving wood, I passed as the project was non essential.
Today I went to Home Depot and bought a chitload of lumber.
Inflation is manageable to non existent.
But..... Lumber prices are still around 20% higher than they were at the start of 2020. There are some elements in pricing that have little to do with monetary inflation. Consider something a little less affected by pandemic-related supply chain issues, like Class B housing.... Up 15% yoy.
Inflation may be manageable if you can wait it out. I’ll just hold off buying gas for my car until the price goes down.
Your home project is not a necessity and the cost of everything from gas to food has gone up. It may be temporary, but it’s very real in places other than fantasyland.
@ErrorsOnCoins said:
Inflation is manageable to non existent.
Non existent? Someone is in denial. LOL.
To upper middle class and wealthy inflation may not be that noticeable due to the assets that the top 10% or so hold... Stocks, real estate, etc. But not everyone has the luxury of investing large sums in the assets that the fed and gov't are pumping. That's also why some desperate poor folks are putting everything they have into crypto. Inflation is the cruelest tax of all and is completely immoral.
Inflation may not be a concern to someone who doesn't have to worry about much, other than perhaps spending time on a boat and enjoying a vice or two....
To many others faced with having to make a living day to day... the inflation is very real and affecting lives.
@ErrorsOnCoins said:
Inflation is manageable to non existent.
Non existent? Someone is in denial. LOL.
To upper middle class and wealthy inflation may not be that noticeable due to the assets that the top 10% or so hold... Stocks, real estate, etc. But not everyone has the luxury of investing large sums in the assets that the fed and gov't are pumping. That's also why some desperate poor folks are putting everything they have into crypto. Inflation is the cruelest tax of all and is completely immoral.
Yep, my assets continue to inflate (Thank god for dumping the gutter metal) in price much quicker than the gadgets I need from chinamart, and general day to day living expenses. LG! THKS!!!
Not sure but my savings account is still expanding just as I am certain many others here on this forums are as well. As old and grumpy as it may be. RGDS!
Not sure but my savings account is still expanding just as I am certain many others here on this forums are as well. As old and grumpy as it may be. RGDS!
so what's your net loss on that expansion after inflation takes a bite out of eats all of it? You'll find that inflation is causing your savings to LOSE money.
Not sure but my savings account is still expanding just as I am certain many others here on this forums are as well. As old and grumpy as it may be. RGDS!
so what's your net loss on that expansion after inflation takes a bite out of it?
gutter savings?
Guess it all depends on what I need to buy. Luckily I'm a simple man so I don't need much. Fuel, food and a small handful of modern "luxuries". No need for Chinese trinkets so inflation while present is very minor in my world. Raises, bonuses, gooberment stimys and investment gainz more than compensated. LG!!!
Not sure but my savings account is still expanding just as I am certain many others here on this forums are as well. As old and grumpy as it may be. RGDS!
so what's your net loss on that expansion after inflation takes a bite out of it?
gutter savings?
If folk dont have a loss on silver from 45 to 25 then folk dont have a loss on their savings.
@blitzdude said:
Not sure but my savings account is still expanding just as I am certain many others here on this forums are as well. As old and grumpy as it may be. RGDS!
Congratulations on being debt free. Few are able to achieve that these days. Did you have a mortgage burning party when you paid your house off?
@blitzdude said:
Not sure but my savings account is still expanding just as I am certain many others here on this forums are as well. As old and grumpy as it may be. RGDS!
Congratulations on being debt free. Few are able to achieve that these days. Did you have a mortgage burning party when you paid your house off?
Still have a mortgage on most recent property. 15 yr at sub 3% and we've recently started tripling the payments. Could just be done with it all tomorrow but the payoff $$$ are earning much better than what the loan is costing. And FWIW the mortgage was a much better investment than the gutter. RGDS!
I sometimes read the same thought. But still 110% certain it is a better decision than investing in the gutter. Good luck to you, although I know you don't need it. RGDS!
Money supply has increased an average 230% per year since 2020. Price inflation should be no surprise. Looks like those here who predicted current and future inflation as a result of the QE and other dollar pumping programs were spot on. It took a decade but devaluing the currency by diluting it always results in loss of its purchasing power (price inflation). Much of delay was caused by the funny money first going into the hands of the Wall Street crowd.
"The growth in the M1 (US money supply) quantity since February 2020 has been without precedent exploding from $4 trillion, already an historically high level, to nearly $20 trillion this September. That is an average annualised M1 inflation of 230%. It is simply currency debasement and has yet to impact on prices fully. Much of the increase has gone into the financial sector through quantitative easing, so its progress into the non-financial economy and the effects on consumer prices are delayed — but only delayed — as it will increasingly undermine the dollar’s purchasing power."
Money supply has increased an average 230% per year since 2020. Price inflation should be no surprise. Looks like those here who predicted current and future inflation as a result of the QE and other dollar pumping programs were spot on.
Actually the constant barrage of inflation crying was dead wrong. The QE programs from 2008-2019 resulted in very little inflation. It was only after a massive distruption of the global supply chain AND the ridiculous infusion of trillions of dollars (and dollar equivalents) across the globe in less than 1 year did inflation finally take root.
Those who predicted inflation would come when the supply/demand equation is disrupted and money is put directly into the hands of the people where most accurate.
Inflation occurs when when too much money chases too few things, right? So what have we now, trillions of dollars given directly to people over the last 20 months by both administrations to buy stuff that is in short supply due to global production halts.
And as shown by one forum member almost 8 months ago, producers are finally realizing higher costs which will result in a new, higher, floor being established for the price of everything.
Actually the constant barrage of inflation crying was dead wrong. The QE programs from 2008-2019 resulted in very little inflation. It was only after a massive distruption of the global supply chain AND the ridiculous infusion of trillions of dollars (and dollar equivalents) across the globe in less than 1 year did inflation finally take root.
Current round of inflation began well before any supply chain disruptions. It has been coiling like a spring since QE began in 2009, especially when money supply doubled between 2012 and 2020. Increasing the money supply by 500% in just the past year sealed the deal. As I said, "Much of (inflation) delay was caused by the funny money first going into the hands of the Wall Street crowd."
So, according to you, when supply chains return to normal, so will prices. LOL
Supply issues are irrelevant to prices unless they result in shortages. No shortage of food at the local grocery stores or long lines at the gas station. All I see is a shortage of lower prices.
At this point the only thing that will tame inflation is a massive rate increase.
Comments
Sure beats the $9,000,000,000,000 from the last bankruptcy expert clown.,,,,,,but let's not let FACTS get in the way. lol
The whole worlds off its rocker, buy Gold™.
Not only will it cost zero, the $3,500,000,000,000 will be anti-inflationary
can't believe this isn't an onion article:
None of these weasels in gov.com could make it in a normal business environment. George Orwell himself would have a hard time believing what is going on now.
I knew it would happen.
Does anyone remember that line from about Feb/March 2020?
"We just need to bend the curve for about 2 weeks"
Your absolutely right both trash cars compared to a 57 stingray!
A couple of family members have recently purchased eyeglasses.... looks to me like a 50% increase or so in frames anyways. $300 to $400 for eyeglasses frames? Yikes. After looking around some, found some acceptable ones in the $200 to $300 range....
And yes, to the nay-sayers regarding inflation... there are places that advertise complete set of glasses + exam for $99 etc.... but you get what you pay for. Need bifocals? need harder materials for the lens? prefer hinged eyeglasses? prefer anti-glare? etc. etc. and all add on to the cost. Insurance helps some but not a lot.
Got eye exam and glasses cheap at America's Best. Highly recommend them.
Give Me Liberty or Give Me Debt
Latest inflation report, everything up, gutter metal down (unless cacs). Crazy world!!! LOL
The whole worlds off its rocker, buy Gold™.
everything up, gutter metal down (unless cacs). Crazy world!!! LOL
Which begs the question - have you found any lowball sellers (of silver) yet?
I knew it would happen.
Not everything is going up.
But there sure have been good opportunities to "back up" that new truck in the past year. Today may be one of them.
While FED official jawboning may influence the paper futures market (your chart), buyers of real silver are thanking the FED for being such fools. Thank you FED. The day will come when buyers become big gain sellers and will once again thank the FED.
Give Me Liberty or Give Me Debt
I don't have an "America's Best" around here but have done reasonable well at Costco.
I used to go to Lenscrafters but you now need a second mortgage at that place.
Charles III Album
Charles III Portrait Set
Charles IV Album
Charles IV Portrait Set
Hh> @JohnnyCache said:
I fill my contact lens script from America's Best at Sam's Club.
Give Me Liberty or Give Me Debt
A few. Purchased some just yesterday sub $22. THKS!
The whole worlds off its rocker, buy Gold™.
Germany: The signs of hyperinflation were obvious for years if one understood monetary economics.
Give Me Liberty or Give Me Debt
The whole worlds off its rocker, buy Gold™.
OAT MILK DAMMIT!
5 months ago everyone was freaking about the price of lumber.
5 months ago I went to Home Depot to price a project involving wood, I passed as the project was non essential.
Today I went to Home Depot and bought a chitload of lumber.
Inflation is manageable to non existent.
But..... Lumber prices are still around 20% higher than they were at the start of 2020. There are some elements in pricing that have little to do with monetary inflation. Consider something a little less affected by pandemic-related supply chain issues, like Class B housing.... Up 15% yoy.
Inflation may be manageable if you can wait it out. I’ll just hold off buying gas for my car until the price goes down.
Your home project is not a necessity and the cost of everything from gas to food has gone up. It may be temporary, but it’s very real in places other than fantasyland.
My Ebay Store
U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years
Inflation is manageable to non existent? let me know when they publish a recipe for lumber stew.
Give Me Liberty or Give Me Debt
Non existent? Someone is in denial. LOL.
Worry is the interest you pay on a debt you may not owe.
To upper middle class and wealthy inflation may not be that noticeable due to the assets that the top 10% or so hold... Stocks, real estate, etc. But not everyone has the luxury of investing large sums in the assets that the fed and gov't are pumping. That's also why some desperate poor folks are putting everything they have into crypto. Inflation is the cruelest tax of all and is completely immoral.
Inflation may not be a concern to someone who doesn't have to worry about much, other than perhaps spending time on a boat and enjoying a vice or two....
To many others faced with having to make a living day to day... the inflation is very real and affecting lives.
blind man can see inflation
Give Me Liberty or Give Me Debt
Yep, my assets continue to inflate (Thank god for dumping the gutter metal) in price much quicker than the gadgets I need from chinamart, and general day to day living expenses. LG! THKS!!!
The whole worlds off its rocker, buy Gold™.
I have found the perfect way to avoid inflation.
Just don't spend money.
It works.
until you get hungry or run out of gas
Give Me Liberty or Give Me Debt
Your assets can inflate but it goes without saying that assets inflating and the low inflation of last year is much better
You've never heard of stone stew? It recipe has been around since 1775.
Note that the media is pumping the "inflation is not bad" message.
Give Me Liberty or Give Me Debt
Why is Daniel Tosh putting on clown makeup?
A nation of debtors results in a weak economy.
A nation of savers results in a strong economy.
so, just who is to blame?
Give Me Liberty or Give Me Debt
Not sure but my savings account is still expanding just as I am certain many others here on this forums are as well. As old and grumpy as it may be. RGDS!
The whole worlds off its rocker, buy Gold™.
I'm so diversified I don't know what in the hell is going on!
so what's your net loss on that expansion after inflation takes a bite out of eats all of it? You'll find that inflation is causing your savings to LOSE money.
gutter savings?
Give Me Liberty or Give Me Debt
Guess it all depends on what I need to buy. Luckily I'm a simple man so I don't need much. Fuel, food and a small handful of modern "luxuries". No need for Chinese trinkets so inflation while present is very minor in my world. Raises, bonuses, gooberment stimys and investment gainz more than compensated. LG!!!
The whole worlds off its rocker, buy Gold™.
If folk dont have a loss on silver from 45 to 25 then folk dont have a loss on their savings.
Knowledge is the enemy of fear
Congratulations on being debt free. Few are able to achieve that these days. Did you have a mortgage burning party when you paid your house off?
Still have a mortgage on most recent property. 15 yr at sub 3% and we've recently started tripling the payments. Could just be done with it all tomorrow but the payoff $$$ are earning much better than what the loan is costing. And FWIW the mortgage was a much better investment than the gutter. RGDS!
The whole worlds off its rocker, buy Gold™.
Tripling reads like a bad idea
I sometimes read the same thought. But still 110% certain it is a better decision than investing in the gutter. Good luck to you, although I know you don't need it. RGDS!
The whole worlds off its rocker, buy Gold™.
I love using others peoples money to buy appreciating assets.
Knowledge is the enemy of fear
Works out well every time until it doesn't...
unless you're a tax taker and not a tax payer, others are buying appreciating assets with YOUR money. lol
Give Me Liberty or Give Me Debt
Ready for some mega fake inflation messaging ...... it is coming
.
Knowledge is the enemy of fear
It always has. And derryb can prove it with that chart he shows of the dollar losing its value.
Knowledge is the enemy of fear
Returning to sound money
Money supply has increased an average 230% per year since 2020. Price inflation should be no surprise. Looks like those here who predicted current and future inflation as a result of the QE and other dollar pumping programs were spot on. It took a decade but devaluing the currency by diluting it always results in loss of its purchasing power (price inflation). Much of delay was caused by the funny money first going into the hands of the Wall Street crowd.
"The growth in the M1 (US money supply) quantity since February 2020 has been without precedent exploding from $4 trillion, already an historically high level, to nearly $20 trillion this September. That is an average annualised M1 inflation of 230%. It is simply currency debasement and has yet to impact on prices fully. Much of the increase has gone into the financial sector through quantitative easing, so its progress into the non-financial economy and the effects on consumer prices are delayed — but only delayed — as it will increasingly undermine the dollar’s purchasing power."
Give Me Liberty or Give Me Debt
Actually the constant barrage of inflation crying was dead wrong. The QE programs from 2008-2019 resulted in very little inflation. It was only after a massive distruption of the global supply chain AND the ridiculous infusion of trillions of dollars (and dollar equivalents) across the globe in less than 1 year did inflation finally take root.
Those who predicted inflation would come when the supply/demand equation is disrupted and money is put directly into the hands of the people where most accurate.
Inflation occurs when when too much money chases too few things, right? So what have we now, trillions of dollars given directly to people over the last 20 months by both administrations to buy stuff that is in short supply due to global production halts.
And as shown by one forum member almost 8 months ago, producers are finally realizing higher costs which will result in a new, higher, floor being established for the price of everything.
Knowledge is the enemy of fear
Current round of inflation began well before any supply chain disruptions. It has been coiling like a spring since QE began in 2009, especially when money supply doubled between 2012 and 2020. Increasing the money supply by 500% in just the past year sealed the deal. As I said, "Much of (inflation) delay was caused by the funny money first going into the hands of the Wall Street crowd."
So, according to you, when supply chains return to normal, so will prices. LOL
Supply issues are irrelevant to prices unless they result in shortages. No shortage of food at the local grocery stores or long lines at the gas station. All I see is a shortage of lower prices.
At this point the only thing that will tame inflation is a massive rate increase.
Give Me Liberty or Give Me Debt