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Price inflation hits 1981 highs

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  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    @cohodk said:
    Nat gas prices same as 30 years ago and threatening to take out the Covid low.

    Its rough out there.

    Yup especially when you own a piece of the UNG like yours truly. LOL

  • derrybderryb Posts: 36,777 ✭✭✭✭✭

    @cohodk said:
    Nat gas prices same as 30 years ago and threatening to take out the Covid low.

    Its rough out there.

    can't eat nat gas.

    can't solve medical issues with nat gas.

    can't fuel the car with nat gas.

    It's expensive out there (in the real world).

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,075 ✭✭✭✭✭

    @derryb said:

    @cohodk said:
    Nat gas prices same as 30 years ago and threatening to take out the Covid low.

    Its rough out there.

    can't eat nat gas.

    can't solve medical issues with nat gas.

    can't fuel the car with nat gas.

    It's expensive out there (in the real world).

    Well, you can fuel a car with nat gas. And folk use it to cook their dinner. And they use it to heat their house---it's still winter right? And they use it to dry their laundry. And they don't like cold showers.

    But most of all, in the last 2 years the US has build nat gas power plants capable of producing over 13 gigawatts of electricity. That's enough to power 10 million homes. And in the next 2 years another 7 gigawats will come online.

    Yeah, only 15 million households. Lol. Me thinks it's time derryb get out into the real world.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • bigjpstbigjpst Posts: 3,098 ✭✭✭✭✭

    Gas bill went up 50% in January vs a year ago and vs December. This was because of a substantial rate increase. So while the cost of the gas itself may not have changed, the cost of labor or maybe just because they could my bill went from $100 winter normal to $150 last month.

  • GoldFinger1969GoldFinger1969 Posts: 1,715 ✭✭✭✭✭

    @Higashiyama said:
    @Crusty said “I’d think these Chinese and others could begin to consume some of what they make.”
    I totally agree with this sentiment, though it is surprisingly difficult to transform an export driven economy into one >that has a higher (and healthy) level of consumption, especially when finance and capital investment has been so >distorted by the communist party.

    The surplus value of GDP is not going into per-capita Chinese consumption for the benefit of those who worked for it and earned it...it's going to the CCP for central bank and military assets.

    Here’s a somewhat related question I don’t know the answer to, though someone must have an estimate: how do >Chinese holdings of US Treasuries compare to estimates of the real estate and other domestic debt that the >Chinese will need to write off over the next 5-10 years!

    About $800 billion in Treasury holdings....another $200 billion in MBS.....potential RE losses of about $1.3 trillion (estimates all over the map, FWIW).

  • cohodkcohodk Posts: 19,075 ✭✭✭✭✭

    @cohodk said:
    Nat gas prices same as 30 years ago and threatening to take out the Covid low.

    Hey dcarr, looks like he did it again. Dang it!!! Lol

    Pay attention.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,777 ✭✭✭✭✭
    edited February 21, 2024 10:57AM

    shame nat gas is not the bulk of our needs. Wake when food hits a 30 year low. LOL

    It’s Been 30 Years Since Food Ate Up This Much of Your Income

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,075 ✭✭✭✭✭

    @derryb said:
    shame nat gas is not the bulk of our needs. Wake when food hits a 30 year low. LOL

    It’s Been 30 Years Since Food Ate Up This Much of Your Income

    Then eat less.

    When you give away hundreds of billions for farmers not to plant crops or raise livestock, what do you expect?

    https://www.taxpayer.net/agriculture/agricultural-safety-net-101/

    We the "dumb" people.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,777 ✭✭✭✭✭

    "Then eat less?" LOL

    typical stupidity.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,075 ✭✭✭✭✭
    edited February 23, 2024 4:52AM

    @derryb said:
    "Then eat less?" LOL

    typical stupidity.

    Ok...then eat more. Spend more. And be a burden on society. Then whine and cry about it.

    Eat up!!

    More and more folk are having other folk bring their food to them and paying a premium to do so. If food cost is such a burden, why are more and more willingly paying premiums to have food brought to their doorstep?

    We the people are so weak.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • dcarrdcarr Posts: 8,423 ✭✭✭✭✭
    edited February 24, 2024 5:59PM

    @cohodk said:

    @derryb said:
    "Then eat less?" LOL

    typical stupidity.

    Ok...then eat more. Spend more. And be a burden on society. Then whine and cry about it.

    Eat up!!

    More and more folk are having other folk bring their food to them and paying a premium to do so. If food cost is such a burden, why are more and more willingly paying premiums to have food brought to their doorstep?

    We the people are so weak.

    .

    Not "weak".
    Lazy.

    The more free handouts there are, the lazier people get.

    .

  • cohodkcohodk Posts: 19,075 ✭✭✭✭✭
    edited February 25, 2024 8:40AM

    @dcarr said:

    @cohodk said:

    @derryb said:
    "Then eat less?" LOL

    typical stupidity.

    Ok...then eat more. Spend more. And be a burden on society. Then whine and cry about it.

    Eat up!!

    More and more folk are having other folk bring their food to them and paying a premium to do so. If food cost is such a burden, why are more and more willingly paying premiums to have food brought to their doorstep?

    We the people are so weak.

    .

    Not "weak".
    Lazy.

    The more free handouts there are, the lazier people get.

    .

    Lots of fat rich folk too. Stimulus checks, PPP loans, subsidies, grants....all free handouts that go to the "not lazy".

    We are weak. Laziness is weakness.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • EstilEstil Posts: 7,058 ✭✭✭✭

    @cohodk said:

    Then eat less.

    OMG my grandma tries to pull that line on me...

    WISHLIST
    D's: 54S,53P,50P,49S,45D+S,44S,43D,41S,40D+S,39D+S,38D+S,37D+S,36S,35D+S,all 16-34's
    Q's: 52S,47S,46S,40S,39S,38S,37D+S,36D+S,35D,34D,32D+S
    74T: 37,38,47,151,193,241,435,570,610,654,655 97 Finest silver: 115,135,139,145,310
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    95 Ultra GM Sets: Golden Prospects,HR Kings,On-Base Leaders,Power Plus,RBI Kings,Rising Stars
  • EstilEstil Posts: 7,058 ✭✭✭✭

    @dcarr said:

    The more free handouts there are, the lazier people get.

    But some people really honest to goodness need those "handouts"....though no fault of their own.

    WISHLIST
    D's: 54S,53P,50P,49S,45D+S,44S,43D,41S,40D+S,39D+S,38D+S,37D+S,36S,35D+S,all 16-34's
    Q's: 52S,47S,46S,40S,39S,38S,37D+S,36D+S,35D,34D,32D+S
    74T: 37,38,47,151,193,241,435,570,610,654,655 97 Finest silver: 115,135,139,145,310
    73T:31,55,61,62,63,64,65,66,67,68,80,152,165,189,213,235,237,257,341,344,377,379,390,422,433,453,480,497,545,554,563,580,606,613,630
    95 Ultra GM Sets: Golden Prospects,HR Kings,On-Base Leaders,Power Plus,RBI Kings,Rising Stars
  • derrybderryb Posts: 36,777 ✭✭✭✭✭

    @Estil said:

    @dcarr said:

    The more free handouts there are, the lazier people get.

    But some people really honest to goodness need those "handouts"....though no fault of their own.

    Family used to look after each other. Big brother has become your new family.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • @bigjpst said:
    Gas bill went up 50% in January vs a year ago and vs December. This was because of a substantial rate increase. So while the cost of the gas itself may not have changed, the cost of labor or maybe just because they could my bill went from $100 winter normal to $150 last month.

    .
    This was a good example of the fact that ultimately what impacts people's lives isn't the price of the commodities but that of the goods and services they buy.
    It's meaningless to point to commodities' price movements when answering the question whether people suffer from price inflation.

  • derrybderryb Posts: 36,777 ✭✭✭✭✭

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,075 ✭✭✭✭✭
    edited March 1, 2024 3:03PM

    Demand for services confirms the strength of the economy.

    Current rates are not "high" so Mr Powell, keep rates here. Cows for everyone!!

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,777 ✭✭✭✭✭

    @cohodk said:

    Demand for services confirms the strength of the economy.

    Current rates are not "high" so Mr Powell, keep rates here. Cows for everyone!!

    So you're saying "inflation is good for the economy?" LOL. Now that's some deep cow $$it.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    @derryb said:

    @cohodk said:

    Demand for services confirms the strength of the economy.

    Current rates are not "high" so Mr Powell, keep rates here. Cows for everyone!!

    So you're saying "inflation is good for the economy?" LOL. Now that's some deep cow $$it.

    It's certainly been good times for all my accounts, investments, commodities (excluding the gutter) etc.

    RGDS!!

  • cohodkcohodk Posts: 19,075 ✭✭✭✭✭
    edited March 2, 2024 4:32AM

    @derryb said:

    @cohodk said:

    Demand for services confirms the strength of the economy.

    Current rates are not "high" so Mr Powell, keep rates here. Cows for everyone!!

    So you're saying "inflation is good for the economy?" LOL. Now that's some deep cow $$it.

    I said the economy has been strong and the Fed should keep rates at this level.

    You are the one who typed "inflation is good for the economy". I did not state the word "inflation" at all.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,075 ✭✭✭✭✭

    @jmski52 said:
    The Fed shouldn’t even exist, let alone being in charge of interest rates.

    So who should be in charge of interest rates? Your neighbor? Your lawyer, banker or accountant? Maybe your dog groomer or mechanic? Or maybe you'd like me to determine what your interest rate should be?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,777 ✭✭✭✭✭

    @cohodk said:

    @jmski52 said:
    The Fed shouldn’t even exist, let alone being in charge of interest rates.

    So who should be in charge of interest rates? Your neighbor? Your lawyer, banker or accountant? Maybe your dog groomer or mechanic? Or maybe you'd like me to determine what your interest rate should be?

    maybe we let them all determine rates in a free market environment. Imagine how low a realtor fee would be if they weren't involved with price fixing and agencies had to compete to get customers. Imagine if banks had to actually compete to get borrowers in the door.

    Without a FED the money spenders would lose their deep pockets and their ability to increase the money supply 5X since 2000. Why can't a nation in its right mind live within its means. They expect their citizens do so.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,075 ✭✭✭✭✭

    @derryb said:

    @cohodk said:

    @jmski52 said:
    The Fed shouldn’t even exist, let alone being in charge of interest rates.

    So who should be in charge of interest rates? Your neighbor? Your lawyer, banker or accountant? Maybe your dog groomer or mechanic? Or maybe you'd like me to determine what your interest rate should be?

    maybe we let them all determine rates in a free market environment. Imagine how low a realtor fee would be if they weren't involved with price fixing and agencies had to compete to get customers. Imagine if banks had to actually compete to get borrowers in the door.

    Those are examples of fees to be charged by companies, not who should determine interest rates.

    Without a FED the money spenders would lose their deep pockets and their ability to increase the money supply 5X since 2000. Why can't a nation in its right mind live within its means. They expect their citizens do so.

    Agreed. And the reason is because we are weak. We always want to be bailed out of our poor decisions. Instead of promoting responsibility we hand out participation trophies.

    But no one has proposed an alternative. Why? Because we are weak.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • dcarrdcarr Posts: 8,423 ✭✭✭✭✭

    @cohodk said:

    @derryb said:

    @cohodk said:

    @jmski52 said:
    The Fed shouldn’t even exist, let alone being in charge of interest rates.

    So who should be in charge of interest rates? Your neighbor? Your lawyer, banker or accountant? Maybe your dog groomer or mechanic? Or maybe you'd like me to determine what your interest rate should be?

    maybe we let them all determine rates in a free market environment. Imagine how low a realtor fee would be if they weren't involved with price fixing and agencies had to compete to get customers. Imagine if banks had to actually compete to get borrowers in the door.

    Those are examples of fees to be charged by companies, not who should determine interest rates.

    Without a FED the money spenders would lose their deep pockets and their ability to increase the money supply 5X since 2000. Why can't a nation in its right mind live within its means. They expect their citizens do so.

    Agreed. And the reason is because we are weak. We always want to be bailed out of our poor decisions. Instead of promoting responsibility we hand out participation trophies.

    But no one has proposed an alternative. Why? Because we are weak.

    .

    That last statement is absolutely false.
    There are many proposed alternatives from competent people. But the general media has no interest in reporting on any such alternatives. In fact, the interests of the media masters are aligned against any alternatives.

    .

  • cohodkcohodk Posts: 19,075 ✭✭✭✭✭
    edited March 3, 2024 5:56AM

    @dcarr said:

    @cohodk said:

    @derryb said:

    @cohodk said:

    @jmski52 said:
    The Fed shouldn’t even exist, let alone being in charge of interest rates.

    So who should be in charge of interest rates? Your neighbor? Your lawyer, banker or accountant? Maybe your dog groomer or mechanic? Or maybe you'd like me to determine what your interest rate should be?

    maybe we let them all determine rates in a free market environment. Imagine how low a realtor fee would be if they weren't involved with price fixing and agencies had to compete to get customers. Imagine if banks had to actually compete to get borrowers in the door.

    Those are examples of fees to be charged by companies, not who should determine interest rates.

    Without a FED the money spenders would lose their deep pockets and their ability to increase the money supply 5X since 2000. Why can't a nation in its right mind live within its means. They expect their citizens do so.

    Agreed. And the reason is because we are weak. We always want to be bailed out of our poor decisions. Instead of promoting responsibility we hand out participation trophies.

    But no one has proposed an alternative. Why? Because we are weak.

    .

    That last statement is absolutely false.
    There are many proposed alternatives from competent people. But the general media has no interest in reporting on any such alternatives. In fact, the interests of the media masters are aligned against any alternatives.

    .

    Right. There have been alternatives discussed. But NEVER the consequences. They don't understand the connectivity of the system. They just think if we change this one thing then everything else stays the same and all the problems get solved. The result is just more empty promises that breeds more contempt. And that contempt is borne of our ignorance, ignorance due to our weakness.

    What exactly does a "free-market" rate society look like? I'm truly interested in your answer.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,777 ✭✭✭✭✭
    edited March 3, 2024 9:00AM

    @cohodk said:

    @derryb said:

    @cohodk said:

    @jmski52 said:
    The Fed shouldn’t even exist, let alone being in charge of interest rates.

    So who should be in charge of interest rates? Your neighbor? Your lawyer, banker or accountant? Maybe your dog groomer or mechanic? Or maybe you'd like me to determine what your interest rate should be?

    maybe we let them all determine rates in a free market environment. Imagine how low a realtor fee would be if they weren't involved with price fixing and agencies had to compete to get customers. Imagine if banks had to actually compete to get borrowers in the door.

    Those are examples of fees to be charged by companies, not who should determine interest rates.

    Fixed realtor fees are a prime example of what happens when prices are not determined by a free market and are determined and enforced by groups such as MLS who represent those collecting the fees. FED is no different, it sets rates collected by its member banks. Realtor fee price fixing is highly illegal (finally being challenged). Bank interest rate price fixing should be equally illegal.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • derrybderryb Posts: 36,777 ✭✭✭✭✭

    @cohodk said:

    What exactly does a "free-market" rate society look like? I'm truly interested in your answer.

    Are you old enough to remember gasoline "price wars?" It was a time when buyers and not sellers determined price.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • derrybderryb Posts: 36,777 ✭✭✭✭✭

    @derryb said:

    @cohodk said:

    @derryb said:

    @cohodk said:

    @jmski52 said:
    The Fed shouldn’t even exist, let alone being in charge of interest rates.

    So who should be in charge of interest rates? Your neighbor? Your lawyer, banker or accountant? Maybe your dog groomer or mechanic? Or maybe you'd like me to determine what your interest rate should be?

    maybe we let them all determine rates in a free market environment. Imagine how low a realtor fee would be if they weren't involved with price fixing and agencies had to compete to get customers. Imagine if banks had to actually compete to get borrowers in the door.

    Those are examples of fees to be charged by companies, not who should determine interest rates.

    Fixed realtor fees are a prime example of what happens when prices are not determined by a free market and are determined and enforced by groups such as MLS who represent those collecting the fees. FED is no different, it sets rates collected by its member banks. Realtor fee price fixing is highly illegal (finally being challenged). Bank interest rate price fixing should be equally illegal.

    gone are the days when banks competed for business with not only lower rates but can opener giveaways as well.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,358 ✭✭✭✭✭

    @derryb said:

    @cohodk said:

    What exactly does a "free-market" rate society look like? I'm truly interested in your answer.

    Are you old enough to remember gasoline "price wars?" It was a time when buyers and not sellers determined price.

    Yes derryb, I remember a gasoline price war around 1964-1965. My Dad purchased gas $1 at a time and my recollection is that regular gasoline was 17 cents a gallon. The gas station also had off brand candy bars, about the size of a Hershey Bar but for 3 cents each. An Almond Joy was an expensive premium candy bar at 10 cents.

  • cohodkcohodk Posts: 19,075 ✭✭✭✭✭

    @derryb said:

    @derryb said:

    @cohodk said:

    @derryb said:

    @cohodk said:

    @jmski52 said:
    The Fed shouldn’t even exist, let alone being in charge of interest rates.

    So who should be in charge of interest rates? Your neighbor? Your lawyer, banker or accountant? Maybe your dog groomer or mechanic? Or maybe you'd like me to determine what your interest rate should be?

    maybe we let them all determine rates in a free market environment. Imagine how low a realtor fee would be if they weren't involved with price fixing and agencies had to compete to get customers. Imagine if banks had to actually compete to get borrowers in the door.

    Those are examples of fees to be charged by companies, not who should determine interest rates.

    Fixed realtor fees are a prime example of what happens when prices are not determined by a free market and are determined and enforced by groups such as MLS who represent those collecting the fees. FED is no different, it sets rates collected by its member banks. Realtor fee price fixing is highly illegal (finally being challenged). Bank interest rate price fixing should be equally illegal.

    gone are the days when banks competed for business with not only lower rates but can opener giveaways as well.

    And they don't today? Lol

    Look, you think the economy sucks, is collapsing and everyone is being crushed. Under that scenario,no one would

    @derryb said:

    @derryb said:

    @cohodk said:

    @derryb said:

    @cohodk said:

    @jmski52 said:
    The Fed shouldn’t even exist, let alone being in charge of interest rates.

    So who should be in charge of interest rates? Your neighbor? Your lawyer, banker or accountant? Maybe your dog groomer or mechanic? Or maybe you'd like me to determine what your interest rate should be?

    maybe we let them all determine rates in a free market environment. Imagine how low a realtor fee would be if they weren't involved with price fixing and agencies had to compete to get customers. Imagine if banks had to actually compete to get borrowers in the door.

    Those are examples of fees to be charged by companies, not who should determine interest rates.

    Fixed realtor fees are a prime example of what happens when prices are not determined by a free market and are determined and enforced by groups such as MLS who represent those collecting the fees. FED is no different, it sets rates collected by its member banks. Realtor fee price fixing is highly illegal (finally being challenged). Bank interest rate price fixing should be equally illegal.

    gone are the days when banks competed for business with not only lower rates but can opener giveaways as well.

    I guess that's why we don't see any credit card, mortgage, or savings account commercials or advertisements. Lol

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,075 ✭✭✭✭✭

    @derryb said:

    @cohodk said:

    What exactly does a "free-market" rate society look like? I'm truly interested in your answer.

    Are you old enough to remember gasoline "price wars?" It was a time when buyers and not sellers determined price.

    I see prices wars on every market site...ebay, Amazon, PCGS BST, corner gas stations, grocery stores, etc, you name it. All sellers competing on price to gain your business.

    But I'm still waiting for someone to explain what their "free-market" rate environment looks like.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,075 ✭✭✭✭✭

    @derryb said:

    @cohodk said:

    @derryb said:

    @cohodk said:

    @jmski52 said:
    The Fed shouldn’t even exist, let alone being in charge of interest rates.

    So who should be in charge of interest rates? Your neighbor? Your lawyer, banker or accountant? Maybe your dog groomer or mechanic? Or maybe you'd like me to determine what your interest rate should be?

    maybe we let them all determine rates in a free market environment. Imagine how low a realtor fee would be if they weren't involved with price fixing and agencies had to compete to get customers. Imagine if banks had to actually compete to get borrowers in the door.

    Those are examples of fees to be charged by companies, not who should determine interest rates.

    Fixed realtor fees are a prime example of what happens when prices are not determined by a free market and are determined and enforced by groups such as MLS who represent those collecting the fees. FED is no different, it sets rates collected by its member banks. Realtor fee price fixing is highly illegal (finally being challenged).

    Who should set rates then? You? Me? Willy Wonka?

    Banks also pay interest. Do realtors? Work on your examples.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,777 ✭✭✭✭✭
    edited March 3, 2024 2:23PM

    @cohodk said:

    Look, you think the economy sucks, is collapsing and everyone is being crushed. Under that scenario,no one would

    Look, I think the economy is much worse than the public is being told (election year). It also has all the symptoms and stimuli to make it collapse and it would if not for FED shenanigans that work today but expedite the day of reckoning. Most people are being crushed and the fortunate souls such as you fail to wake up to how that suffering is increasing. But fear not, at some point in the ensuing mayhem even the fortunate souls will not escape the suffering. And if for no other reason, this is why you should be deeply concerned.

    I guess that's why we don't see any credit card, mortgage, or savings account commercials or advertisements. Lol

    They are all competing with each other using the same high rates that are pretty much dictated to them by the FED. My point is that the consumer should be dictating what they will pay.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,075 ✭✭✭✭✭
    edited March 3, 2024 2:49PM

    @derryb said:

    @cohodk said:

    Look, you think the economy sucks, is collapsing and everyone is being crushed. Under that scenario,no one would

    Look, I think the economy is much worse than the public is being told (election year). It also has all the symptoms and stimuli to make it collapse and it would if not for FED shenanigans that work today but expedite the day of reckoning. Most people are being crushed and the fortunate souls such as you fail to wake up to how that suffering is increasing. But fear not, at some point in the ensuing mayhem even the fortunate souls will not escape the suffering. And if for no other reason, this is why you should be deeply concerned.

    I guess that's why we don't see any credit card, mortgage, or savings account commercials or advertisements. Lol

    They are all competing with each other using the same high rates that are pretty much dictated to them by the FED. My point is that the consumer should be dictating what they will pay.

    The consumer already does. If he doesn't want to pay 8% for a car loan then he saves and pays cash. If he doesn't want to pay 7% mortgage then he saves to pay cash or rents. If he doesn't want to pay 29.99% on a credit card then he doesn't buy that junk from China.

    Please give me an example or two of how a consumer would dictate the rate they want to pay in your world.

    The irony here is that you parents preached doom and gloom on your generation as they saw inflation, wars, home prices and gasoline triple, and higher rates. And the next 50 years turned out to be the greatest wealth building and increase in standard of living this planet has ever seen.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,777 ✭✭✭✭✭

    @cohodk said:

    @derryb said:

    @cohodk said:

    Look, you think the economy sucks, is collapsing and everyone is being crushed. Under that scenario,no one would

    Look, I think the economy is much worse than the public is being told (election year). It also has all the symptoms and stimuli to make it collapse and it would if not for FED shenanigans that work today but expedite the day of reckoning. Most people are being crushed and the fortunate souls such as you fail to wake up to how that suffering is increasing. But fear not, at some point in the ensuing mayhem even the fortunate souls will not escape the suffering. And if for no other reason, this is why you should be deeply concerned.

    I guess that's why we don't see any credit card, mortgage, or savings account commercials or advertisements. Lol

    They are all competing with each other using the same high rates that are pretty much dictated to them by the FED. My point is that the consumer should be dictating what they will pay.

    The consumer already does. If he doesn't want to pay 8% for a car loan then he saves and pays cash. If he doesn't want to pay 7% mortgage then he saves to pay cash or rents. If he doesn't want to pay 29.99% on a credit card then he doesn't buy that junk from China.

    Please give me an example or two of how a consumer would dictate the rate they want to pay in your world.

    By refusing to pay what is set by the lender. Unfortunately Americans have been conditioned to accept this is how it is supposed to be.

    The irony here is that you parents preached doom and gloom on your generation as they saw inflation, wars, home prices and gasoline triple, and higher rates. And the next 50 years turned out to be the greatest wealth building and increase in standard of living this planet has ever seen.

    For the few. Yes the wealthy have gotten richer but at the expense of whom?

    50 years ago how many homeless were sleeping and $hitting in downtown streets. I hope that one day they will be on your street. Then maybe you will see at what cost the rich have gotten richer.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • jmski52jmski52 Posts: 22,805 ✭✭✭✭✭

    the reason is because we are weak. We always want to be bailed out of our poor decisions. Instead of promoting responsibility we hand out participation trophies.

    Self-fulfilling attitude, coho? Why are banks always bailed out with no consequences for the idiots whose poor decisions ran them into the ground? Why should taxpayers take the hit?

    But no one has proposed an alternative. Why? Because we are weak.

    The public interests are almost never able to outbid the competition in Congress. Not because we are weak, but because the system is corrupt and the highest bidder wins, until the next round. The banking lobby is a major player in the corruption process.

    End the Fed.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,075 ✭✭✭✭✭
    edited March 4, 2024 6:06AM

    @derryb said:
    My point is that the consumer should be dictating what they will pay.

    I'm gonna go to my bank today and say, " Derryb told me to dictate interest rates, so I'm here to say I want to pay 1% on loans and that you pay me 10% on my savings."

    Haha

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,075 ✭✭✭✭✭
    edited March 4, 2024 5:21AM

    @jmski52 said:
    the reason is because we are weak. We always want to be bailed out of our poor decisions. Instead of promoting responsibility we hand out participation trophies.

    Self-fulfilling attitude, coho? Why are banks always bailed out with no consequences for the idiots whose poor decisions ran them into the ground? Why should taxpayers take the hit?

    Everybody gets bailouts, not just your evil villain. Everyone from Farmers to tech companies to individual tax payers. Everyone.

    But no one has proposed an alternative. Why? Because we are weak.

    The public interests are almost never able to outbid the competition in Congress. Not because we are weak, but because the system is corrupt and the highest bidder wins, until the next round. The banking lobby is a major player in the corruption process.

    End the Fed.

    We elect Congress. We the people. We are weak.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,777 ✭✭✭✭✭

    @cohodk said:

    @derryb said:

    My point is that the consumer should be dictating what they will pay.

    I'm gonna go to my bank today and say, " Derryb told me to dictate interest rates, so I'm here to say I want to pay 1% on loans and that you pay me 10% on my savings."

    Haha

    and if EVERYONE refused to pay more than 1% guess what the interest rate would be. LOL

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    I don't mind paying more than 1% especially when I've averaged 20.25% on my investments over the past 12 years. God Bless America!

  • cohodkcohodk Posts: 19,075 ✭✭✭✭✭

    @derryb said:

    @cohodk said:

    @derryb said:

    My point is that the consumer should be dictating what they will pay.

    I'm gonna go to my bank today and say, " Derryb told me to dictate interest rates, so I'm here to say I want to pay 1% on loans and that you pay me 10% on my savings."

    Haha

    and if EVERYONE refused to pay more than 1% guess what the interest rate would be. LOL

    Probably 25%. Because the only way one could secure a loan would be to see Guido.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,805 ✭✭✭✭✭

    We elect Congress. We the people. We are weak.

    The people don't elect anybody, unless you consider Zuckerberg, Gates, Dimon, Buffett or Bezos to be "the people".

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,075 ✭✭✭✭✭

    @jmski52 said:
    We elect Congress. We the people. We are weak.

    The people don't elect anybody, unless you consider Zuckerberg, Gates, Dimon, Buffett or Bezos to be "the people".

    They the strong. We the weak.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • morgansforevermorgansforever Posts: 8,456 ✭✭✭✭✭

    3 years ago a dozen eggs at Aldi's were in the .79 cent range, now as of last week 2.80. I know it's not a barometer of the economy but it's something my wallet feels. Ammo for the most part has come down to reasonable prices, except for the good stuff, for example Hornady Critical Defense FTX rounds are still considerably higher than 3 years ago. Stay thirsty, stay vigilant, stay tactical and be situationally aware.

    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    3 years ago a 50lb bag of non-gmo egg maker crumbles was $17.80, today it costs me $20.30. So I'm looking at about a 14% inflation increase. The girls will crank out 25-35 dozen eggs depending on the time of year so it's costing me $0.58 - $0.81 to yield a dozen eggs from that single bag of feed. We obviously can't eat them as fast as they come so momma takes the excess to work and sells them off at a modest $3.00/dzn. Not a bad price for farm fresh organic free-range eggs. Basically, the eggs and feed are free and she gets to put an extra $40 - $70 bucks in her pocket about once a month. Small bit of labor, collect the eggs, open the coop in the morning, close it in the evening and fill their water once a week. They pretty much take care of themselves.

    Haven't paid attention to ammo, still have many, many ammo boxes full of .22 / .223 / 5.56 / 30.06 / 9MM etc. all purchased pre-2010. Probably for less than half than what it costs today. Should look at selling some off, certainly was a better place to park some funds than what I've done in the gutter.

    The moral of the story is prices go up. Instead of complaining about it all one needs to do is a little work and to plan accordingly. And don't forget; invest, invest, invest. The economy is absolutely booming. RGDS!

  • RobMRobM Posts: 549 ✭✭✭

    @blitzdude, what is your strategy for avoiding/minimizing net investment income tax? Thresholds aren't adjusted for inflation. That's a lot of chicken feed.

  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    @RobM said:
    @blitzdude, what is your strategy for avoiding/minimizing net investment income tax?

    Roths, Cash and the Au all work well for investment transactions. We live in different worlds I suspect. Half the folks I deal with don't own a single credit card or even have access to a bank account. Enjoy life brother. We only get one. RGDS!

  • derrybderryb Posts: 36,777 ✭✭✭✭✭

    @RobM said:
    @blitzdude, what is your strategy for avoiding/minimizing net investment income tax? Thresholds aren't adjusted for inflation. That's a lot of chicken feed.

    By intentionally losing money on silver.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

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