@ErrorsOnCoins said:
Want people to work, very simple pay them more.
You mean a true living wage for all? Now wouldn't that be something?
A living wage based on what? If you a single you get paid X but once you get married you get a raise? Have a kid - get a raise? Kid dies - lose the raise? Get a divorce and get a pay cut? If I am your employer and my cost is contingent on your life choices, I think I should get a say in all those choices, don't you?
Every adult in this great nation should have the opportunity to earn at minimum $15/hr. In some regions that's still probably not enough but certainly a good place to start. Semper Fi!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
@blitzdude said:
Every adult in this great nation should have the opportunity to earn at minimum $15/hr.
The opportunity is there, but it starts before one becomes an adult: Finish school. Make wise life choices. Learn to depend on yourself and not others.
Funny how those who take advantage of their many opportunities are doing much better than $15 an hour. When the local burger joint pays everyone a min. wage of $15 who do you think pays for the raise? "Living wage" is just another name for more inflation.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@blitzdude said:
Every adult in this great nation should have the opportunity to earn at minimum $15/hr.
The opportunity is there, but it starts before one becomes an adult: Finish school. Make wise life choices. Learn to depend on yourself and not others.
Funny how those who take advantage of their many opportunities are doing much better than $15 an hour. When the local burger joint pays everyone a min. wage of $15 who do you think pays for the raise? "Living wage" is just another name for more inflation.
Some were never given the "opportunity" to pursue those life choices that you and I take for granted. They didn't even have a chance from the second they exited the womb.
Technology has made it so burger world can have 6 unfortunate burger flippers doing what used to require 30. Believe me, labor is the lowest expense on the list.
Wake up man!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
I'm already paying those who turned a blind eye to opportunity. I disagree that I should also pay more for a burger to compensate them further for their poor decisions. I will admit it is not entirely their fault, they have been blinded to opportunity by those who want their continued vote.
I chose to finish school and work hard. The result was more than min. wage.
I chose not to go to college. The result was less than $150K a year. Using your logic I should be entitled to some of my neighbor the college grad's $200K salary. He and I would strongly disagree with you.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Even a 'living wage' does not have much chance against 'free money' being given out to stay home and play video games.
Though I mentioned my observations regarding fast food... this same situation is occurring retail, construction, and many other industries. For example... the explosion in lumber prices may very well have to do with too few workers, both in obtaining the lumber, and also the transport of it.
My point was to get across is we are going to see scarcity and price ramp ups all over the place due to this situation. Does not bode well.
And it doesn't matter to me what the government says our 'inflation rate' is. Not when I can see for myself how much more everything is costing out there. (for me anyways).
lumber
groceries
housing
guns and ammunition
property taxes
used cars
new cars and trucks (lack of chips)
shipping costs
Restaurants and fast food
Just a few areas that are under stress. But I don't know... perhaps it's just me who is paying for for about everything. Any of you getting by cheaper?
@tincup said:
And it doesn't matter to me what the government says our 'inflation rate' is. Not when I can see for myself how much more everything is costing out there. (for me anyways).
lumber
groceries
housing
guns and ammunition
property taxes
used cars
new cars and trucks (lack of chips)
shipping costs
Restaurants and fast food
Just a few areas that are under stress. But I don't know... perhaps it's just me who is paying for for about everything. Any of you getting by cheaper?
Gotta get guns/ammo/fast food nation on the list. Forget the pandemic, necessities, welcome to 'Merica.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
@blitzdude said:
Every adult in this great nation should have the opportunity to earn at minimum $15/hr. In some regions that's still probably not enough but certainly a good place to start. Semper Fi!
Every person can make as much as the skills they have are worth and they can do that for as many hours as they want. You want a business to pay $15 an hour, then make sure the person can generate more than $20 an hour worth of value - as that is the cost to that business. Then figure out the added cost up the employment ladder, as the guy who has been there 5 years is going to demand more than his current $15, as is the guy who has been there 10 making $18. Arbitrarily setting wages is a folly and does nothing but drive out smaller companies and consolidate power in the hands of the large corporations. But that is the plan isn't it - easier to control a handful of companies than tens of thousands...
Medical care
Insurance
Real Estate
Energy (electric, gas)
Education (but I listened to a speech last night that all will be good in that regard)
Silver (in regards to real price/premiums, and not per the 'official' paper price)
Kind of like the proverbial frog in the pot of water. We are in the water and it is getting hotter all around us; and most people are oblivious to it. Especially since the "ones in charge" are telling us all is good... no inflation with the 'official' stats.
But the evidence is all around us in everyday life. The more I look, the more I see. Perhaps if more people would go back to work... perhaps the supply and demand equation could work it's way out and things will improve or at least stabilize. But the normal supply and demand and been skewered by the free money and lack of workers... no need to work. Life is good.
Don't listen to the magician's words... watch what his hands are doing while he is trying to distract you.
Does not bode well for the system that most are comfortable with.
Yeah, I saw that article also. But... once one reads the comments below it, looks can be deceiving. Probable multiple factors are in play.
Manipulation? Probably. Increased demand? Probably. Lack of workers? Probably. Lack of transport to move the product? Probably. Just like silver... there is always plenty available... it is just at what price and the factors behind the price.
Bottom line... those wanting/needing lumber right now are faced with significantly higher prices. For whatever reasons. IMO certainly inflationary...
We are going to see more and more "supply chain" issues (real or not) get blamed for higher prices on many end use products. Keep in mind that "supply chain" can involve anything from labor, to transport, to raw material availability. Look for retailers to seize the opportunity to indiscriminately raise prices.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Labor shortage is starting to creep into the cost of doing business in my industry. One shop in town is paying people in cash so they can continue to collect PUA. Another shop has been walking into other shops and poaching employees with offers of substantial pay increases. We lost one employee who was offered a $5 per hour increase in pay. We were already paying him $5 per more than people will similar skill and certification were coming to us asking for a year ago. Gonna be a rough year.
@MsMorrisine said:
while it is one picture missing a lot of story, crude hasn't been in short supply.
The addition of fear contributes to a rise in price inflation. Lots of supply chain disruptions being pushed by the MSM, likely an effort to conceal it's real causes.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@MsMorrisine said:
while it is one picture missing a lot of story, crude hasn't been in short supply.
Give it time! All it will take is for something like some certain type of legislation.... to get rolling along; we may well see the higher prices and less availability. I suspect it is coming, and if so, then expect prices of everything to rise even more
I don’t think so ....but an interesting graph in that it took several years for inflation to
“Gestate” for lack of better word .... our country much much more powerful than Germany after world war 1
I manage money. I earn money. I save money . I give away money. I collect money. I don’t love money . I do love the Lord God.
I don’t think so ....but an interesting graph in that it took several years for inflation to
“Gestate” for lack of better word .... our country much much more powerful than Germany after world war 1
I agree. Germany was a mess. Their industrial complex was obliterated. The moral of its citizens was destroyed. Their political system was in shambles.
99.99% of the devaluation occurred in the final month.
I don’t think so ....but an interesting graph in that it took several years for inflation to
“Gestate” for lack of better word .... our country much much more powerful than Germany after world war 1
I agree. Germany was a mess. Their industrial complex was obliterated. The moral of its citizens was destroyed. Their political system was in shambles.
99.99% of the devaluation occurred in the final month.
The Weimar hyperinflation crisis referenced in the chart was actually the result of the printing of too much money. In late 1922 Germany defaulted on its reparations (from WWI) payment. France and Belgium sent in troops to confiscate industrial goods. Germany responded by printing money to pay its industrial workers not to produce (sound familiar?). The gold chart pictured is a result of the hyperinflation created by the excessive money printing. This was all a direct result of unrealistic reparations placed on Germany with the Treaty of Versailles.
Excessive money printing? Paying workers not to produce? Check.
Hyperinflation? Countdown has begun.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Paying stimmy checks (did you spend yours?) is small in comparison to future spending. There will be a day, soon, that stimmy checks stop. Then we can have infrastructure spending that won’t lead to commodity inflation(ok, more of)
Friend of mine had to finish their deck expansion for a home refi estimate something or another the past couple weeks. The wood was almost 3x what it would have been last year.
Another one of my neighbors actually runs shift at a lumber yard down the road off the rail line, said it's crazy what the cost is on everything.
The fresh wood here, I think it was ~$800 they said.
Comments
Because a private business has deeper pockets than their current competitor - the US Government...
or give them less incentive to not work.
Note the spike created by "pandemic" benefits (green and blue in the chart).
US jobless benefits:
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
You mean a true living wage for all? Now wouldn't that be something?
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
A living wage based on what? If you a single you get paid X but once you get married you get a raise? Have a kid - get a raise? Kid dies - lose the raise? Get a divorce and get a pay cut? If I am your employer and my cost is contingent on your life choices, I think I should get a say in all those choices, don't you?
Every adult in this great nation should have the opportunity to earn at minimum $15/hr. In some regions that's still probably not enough but certainly a good place to start. Semper Fi!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
The opportunity is there, but it starts before one becomes an adult: Finish school. Make wise life choices. Learn to depend on yourself and not others.
Funny how those who take advantage of their many opportunities are doing much better than $15 an hour. When the local burger joint pays everyone a min. wage of $15 who do you think pays for the raise? "Living wage" is just another name for more inflation.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Some were never given the "opportunity" to pursue those life choices that you and I take for granted. They didn't even have a chance from the second they exited the womb.
Technology has made it so burger world can have 6 unfortunate burger flippers doing what used to require 30. Believe me, labor is the lowest expense on the list.
Wake up man!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
I'm already paying those who turned a blind eye to opportunity. I disagree that I should also pay more for a burger to compensate them further for their poor decisions. I will admit it is not entirely their fault, they have been blinded to opportunity by those who want their continued vote.
I chose to finish school and work hard. The result was more than min. wage.
I chose not to go to college. The result was less than $150K a year. Using your logic I should be entitled to some of my neighbor the college grad's $200K salary. He and I would strongly disagree with you.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Even a 'living wage' does not have much chance against 'free money' being given out to stay home and play video games.
Though I mentioned my observations regarding fast food... this same situation is occurring retail, construction, and many other industries. For example... the explosion in lumber prices may very well have to do with too few workers, both in obtaining the lumber, and also the transport of it.
My point was to get across is we are going to see scarcity and price ramp ups all over the place due to this situation. Does not bode well.
And it doesn't matter to me what the government says our 'inflation rate' is. Not when I can see for myself how much more everything is costing out there. (for me anyways).
lumber
groceries
housing
guns and ammunition
property taxes
used cars
new cars and trucks (lack of chips)
shipping costs
Restaurants and fast food
Just a few areas that are under stress. But I don't know... perhaps it's just me who is paying for for about everything. Any of you getting by cheaper?
Gotta get guns/ammo/fast food nation on the list. Forget the pandemic, necessities, welcome to 'Merica.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Every person can make as much as the skills they have are worth and they can do that for as many hours as they want. You want a business to pay $15 an hour, then make sure the person can generate more than $20 an hour worth of value - as that is the cost to that business. Then figure out the added cost up the employment ladder, as the guy who has been there 5 years is going to demand more than his current $15, as is the guy who has been there 10 making $18. Arbitrarily setting wages is a folly and does nothing but drive out smaller companies and consolidate power in the hands of the large corporations. But that is the plan isn't it - easier to control a handful of companies than tens of thousands...
but.... back to inflation
no one mentioned healthcare
I'd love to see some of these categories broken out to yearly percent increase charts or some such.
Yep... definitely put health care and insurance on the list.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
It’s also quite amazing to see gumball machines refitted to take quarters.
Medical care
Insurance
Real Estate
Energy (electric, gas)
Education (but I listened to a speech last night that all will be good in that regard)
Silver (in regards to real price/premiums, and not per the 'official' paper price)
Kind of like the proverbial frog in the pot of water. We are in the water and it is getting hotter all around us; and most people are oblivious to it. Especially since the "ones in charge" are telling us all is good... no inflation with the 'official' stats.
But the evidence is all around us in everyday life. The more I look, the more I see. Perhaps if more people would go back to work... perhaps the supply and demand equation could work it's way out and things will improve or at least stabilize. But the normal supply and demand and been skewered by the free money and lack of workers... no need to work. Life is good.
Don't listen to the magician's words... watch what his hands are doing while he is trying to distract you.
Does not bode well for the system that most are comfortable with.
https://www.yahoo.com/finance/news/warren-buffett-we-are-seeing-substantial-inflation-and-are-raising-prices-220539307.html
lumber shortage? lol
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Yeah, I saw that article also. But... once one reads the comments below it, looks can be deceiving. Probable multiple factors are in play.
Manipulation? Probably. Increased demand? Probably. Lack of workers? Probably. Lack of transport to move the product? Probably. Just like silver... there is always plenty available... it is just at what price and the factors behind the price.
Bottom line... those wanting/needing lumber right now are faced with significantly higher prices. For whatever reasons. IMO certainly inflationary...
We are going to see more and more "supply chain" issues (real or not) get blamed for higher prices on many end use products. Keep in mind that "supply chain" can involve anything from labor, to transport, to raw material availability. Look for retailers to seize the opportunity to indiscriminately raise prices.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Labor shortage is starting to creep into the cost of doing business in my industry. One shop in town is paying people in cash so they can continue to collect PUA. Another shop has been walking into other shops and poaching employees with offers of substantial pay increases. We lost one employee who was offered a $5 per hour increase in pay. We were already paying him $5 per more than people will similar skill and certification were coming to us asking for a year ago. Gonna be a rough year.
My Ebay Store
It's hard to compete with a government that increases "employment opportunities" with more stay at home "jobs."
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
while it is one picture missing a lot of story, crude hasn't been in short supply.
The addition of fear contributes to a rise in price inflation. Lots of supply chain disruptions being pushed by the MSM, likely an effort to conceal it's real causes.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Give it time! All it will take is for something like some certain type of legislation.... to get rolling along; we may well see the higher prices and less availability. I suspect it is coming, and if so, then expect prices of everything to rise even more
on the other hand, during the fall no one was questioning that """people""" were keeping contractors very busy. it's spring and warmer now.
Could this happen in the US?
I give away money. I collect money.
I don’t love money . I do love the Lord God.
No.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
easily
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
What is your opinion?
Knowledge is the enemy of fear
we don't use gold marks.
I don’t think so ....but an interesting graph in that it took several years for inflation to
“Gestate” for lack of better word .... our country much much more powerful than Germany after world war 1
I give away money. I collect money.
I don’t love money . I do love the Lord God.
I agree. Germany was a mess. Their industrial complex was obliterated. The moral of its citizens was destroyed. Their political system was in shambles.
99.99% of the devaluation occurred in the final month.
Knowledge is the enemy of fear
The Weimar hyperinflation crisis referenced in the chart was actually the result of the printing of too much money. In late 1922 Germany defaulted on its reparations (from WWI) payment. France and Belgium sent in troops to confiscate industrial goods. Germany responded by printing money to pay its industrial workers not to produce (sound familiar?). The gold chart pictured is a result of the hyperinflation created by the excessive money printing. This was all a direct result of unrealistic reparations placed on Germany with the Treaty of Versailles.
Excessive money printing? Paying workers not to produce? Check.
Hyperinflation? Countdown has begun.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Paying stimmy checks (did you spend yours?) is small in comparison to future spending. There will be a day, soon, that stimmy checks stop. Then we can have infrastructure spending that won’t lead to commodity inflation(ok, more of)
stimmy checks are a drop in the money printing bucket.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Please let us all know when France and Belgium invade.
Knowledge is the enemy of fear
don't need outside help, your FED is army enough.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
and we already have a dead Prince…
They moved the decimal point on the Peso two places.
100% Positive BST transactions
I moved my decimal point a place or two. Nice week. Crazy world. Looks like my gutter is down. HODL!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Elon, SNL, Doges Gone Wild.
Couple of days ago, this article appeared. The big lumber companies wouldn't manipulate the market, would they? My faith in humanity destroyed again.
https://www.zerohedge.com/commodities/what-lumber-shortage-train-loads-lumber-just-stacked
Friend of mine had to finish their deck expansion for a home refi estimate something or another the past couple weeks. The wood was almost 3x what it would have been last year.
Another one of my neighbors actually runs shift at a lumber yard down the road off the rail line, said it's crazy what the cost is on everything.
The fresh wood here, I think it was ~$800 they said.
Yellon has backtracked and conceded that interest rates may have to rise to keep the economy from "overheating."
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
That was encouraging. She is a person of very high integrity in a very difficult role.
Like the others she is a puppet of Wall Street.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
She should remember she’s not in the Fed
https://www.cnbc.com/video/2021/05/04/chicken-prices-and-demand-soar-driven-by-pandemic.html?&qsearchterm=chicken