As expected the high-turn consumable goods are starting to rise in price rapidly. The Bureau of Labor and Statistics (BLS) has released the consumer price analysis from April (remember there’s a big lag) [Top Line Data Here – Detailed Sector Data Here] The trend is rapid inflation continuing with no end in sight. CORE inflation just jumped the most since 1982.
Overall prices are up 4.2 percent year-over-year, which is three times the rate of inflation under Joe Biden than under President Trump. Inflation hurts the lower and middle economic class much harder; and the specific inflation sectors show massive increases on the goods and services that blue collar workers use most.
It is specifically the Biden economic policies that are to blame for the scale of these increased prices. Inflation of this scale is an outcome of policy.
Biden is focused on helping multinationals and Wall Street; President Trump was focused on helping small businesses and Main Street. We are now seeing the impact from these two differing economic priorities.
Regular unleaded gasoline is up a whooping 51.9 percent from last year [Table 7]. Higher gas prices directly hit the middle class the hardest and also increases the cost of transporting all goods. Keep in mind this is a snapshot of prices approximately six weeks ago and gasoline prices have been rising even more rapidly recently. Not good news.
The status of the economy, the employment picture and the stimulus money shows up in the cost of used vehicles rising over 22% last month and 21% compared to last year. People are holding on to their vehicles and when able purchasing newer used vehicles, reflected in the lower inflation on new cars and trucks (2%). Paycheck and wage security is becoming an issue again, especially with the cost of gasoline and food.
The inflation data in the food at home (grocery prices) doesn’t look too dramatic until you drill down into the faster turn fresh fruits and vegetables. Citrus products up 7.8% (lemons, limes and oranges are very expensive) with fresh fruits overall increasing by 6.2%. The less perishable food products, longer shelf life items, reflect slower inflation due to warehouse and shelf inventory (a natural lag). However, the fresh fruits and vegetables carry the immediate price of higher energy and transportation costs. Lettuce up 5.1% year over year. [TABLE 7 has the details]
The rapid increases in price for food and gasoline are hitting the middle-class hard. This will have a downstream effect on more luxury items and durable goods. Spend more on food/gas and you might not be able to purchase that new table you wanted. Durable good inventories increase and layoffs in those sectors begin.
It will be very interesting to watch how the housing market responds over the next few months. If the trendline continues we should see a considerable softening in home sales, again depending on region, as the inflation hits the working class – and the FED might respond by raising interest rates.
PRESIDENT TRUMP – “If there were long and horrible gas lines like this under President Trump, the Fake News would make it a national outrage! Did Joe Biden put Hunter in charge of our energy, with all of his Burisma experience? Even Energy Secretary Jennifer Granholm is lost!” (LINK)
The audit in AZ is gaining more attention. The public is losing all patience for this disastrous administration. Fraud showing how illegitimate the administration is will lead to a collapse of the government. Things are getting ugly as the pain is being felt by even the political ignorant.
Ellis, (I’ll finish that for you…) WORST pResident EVER!
I saw what you were referring to. Could have made for a fun thread of fill in the blank.
That was my plan. 😉
Not quite yet. Give him a week or two more…
just thinking out loud. Obama fixed the election because he wanted someone else to hold the title of worst president ever. Just didn’t know it would cost 81,000,000 phony votes and biden listed as the most popular president. Obama said ?
When it does collapse, we should demand that these traitors be executed or imprisoned at GITMO for life
I vote GITMO The longer they suffer the better as a warning to the rest of the communist scum.
NO.Kill them so they can’t ever come back. Also saves $ on incarcerating them.
Won’t the island tip over with all that weight?
All of the above !
The continent might flip with all that weight in DC–from all the fatheads
With the media as an accomplice, Biden is trying to get away with blaming Russians and and the Colonial pipeline shutdown as the sole cause of rising gas prices. We need to be clear as bell that gas prices have been rising steadily since Biden became an occupant of the White House.
Nothing will help China Joe. Too many people have woken up now and don’t trust the fake news anymore.
Democrat friend told me this all would be happening no mztter the President. I replied, ‘nope’. Democrats are idiots. They don’t think joe is to blame.
Then what’s the point of voting? Your friend is an idiot.
They have to know they wasted their vote on the installed resident. They will never admit it.
When the NoVA Beltlooper Bureaucrap Swampers can’t get gas to get to the Metro that is too far to bike, the cost benefit of Trump Hate will flip.
you have to live in a bubble. liberals think joe is great.
what happens if the Govt collapses? Kamala cant take over..she probably doesnt even want to now..how much fun is this? All fun and games till the govt collapes…
I mean really, what happens? the senate and house are both controlled (insert laughing emoji) by the Dems too. What to do? Could any of these idiots have even imagined this when the were plotting to steal America…I mean everyday is a new episode of pinky and the brain.
You are trying to look at the legacy institutions.
LOOK AT VENEZUELA!!!!
Its a case of “be careful what you wish for”.
Leftist/globalist aren’t so much stupid, as they are divorced from reality.
So, they can sit around toking up, and IN THEIR MINDS, solve all the Worlds problems, proposing “solutions” divorced from reality….
But, when they actually gain power, and attempt to implement, THATS when they run SMACK into reality, which can only be ignored for so long, and can’t be finessed.
Lefties have a mental disorder. They will never run into reality, it doesn’t exist. The fools who followed will find themselves in the middle of nowhere. Sorta like the runners with Forest Gump.
Got a 401K or IRA? WHEN the government collapses, it (and all the “Federal Reserve Notes” that are floating around) become worthless. Now that you know that, start connecting the dots that lead back to you and yours and ask, “What am I going to do?”
The media will fix it with another media poll showing Biden with a 60% performance approval.
I wish I could be as confident about the results of this audit as you are. I just can’t believe that all these DNC controlled government institutions will allow anything to happen to China Joe. He’s who they want. They don’t give a rat’s ass what we the people want and they don’t care about our laws anymore. They have the DOJ, FBI, CIA, the military and all the rest on their side.
Nothing quite like grinding the people between the two millstones of taxation and inflation, right comrades?
Rest assured more taxes will be coming.
Rest assured guaranteed!
Excellent time for a Corporate Tax Hike… a BIG ONE…
and not one union leader will oppose them.
Just wait till the new taxes kick in … driving prices even higher! We will all become utterly dependent on our Banana Republic Leadership. We will be begging for their compassionate communist hand outs
Well my friend, if everybody is on the gov tit ,who is going to pay the taxes.
AWW! It’s ok. They killed off most of the elderly with covid, so that’s gonna help out the SS shortage. Also a lot of the already chronically ill. That will help out insurance companies and medicare. Big Pharma is doing well, not to mention Falsi and B. Gates. I’m really worried about what happens to the vaccinated. This whole thing is so weird, I think I’m in the twilight zone.
And you thought the Zombie Apocalypse was fiction.
There are no taxes because the Communist Government owns everything. We just get what the government decides to give us. There has never been a Communist Country without Forced Labor. This is where trains with cattle cars enter the picture.
We will all be assigned Govt jobs … each according to his … oh shit! I can’t even finish the phrase … it’s so sickening
Or maybe those of us who saw what would be the result of the Democrap takeover and decided to grow vegetables and can food, can start a black market enterprise to keep people fed?
Maybe the Red states will decide to nullify the federal government and create their own economies.
Naw. I’ll bite off the hand that feeds me before then.
Doubt FED will raise rates…it would crash everything. No, inflation is back. Prepare.
FED may not have any choice. Yes they want inflation, but they don’t want hyperinflation. Inflation hurts the poor and the middle class, hyperinflation hurts EVERYONE even the 1%ers. Only way to stop inflation is to raise interest rates.
Honestly, they should have been raising them soon after Trump took office. It was obvious they pumped too much money into the economy to re-inflate it after the disasterous decisions on Bears-Stern. But instead of following the fiscally prudent path they chose to politicize it and try to hurt Trump with it. Only that bit them in the ass so they reversed course and just pumped even more money into the economy. With all the money they’ve “handed out” over the last year it is going to be ugly. I spent all that money paying off what was left of my debts and STILL had enough to start a stock account that currently has about $2K in it. Should have taken me at least 20 months to save enough to be to that point.
Probably the best description from a 50 year trader who understands economics more than anyone I know of.
https://www.armstrongeconomics.com/uncategorized/interest-rates-the-bell-curve/
Totally agree.
Didn’t the brain trust at the Fed JUST proclaim their quiver was not yet out of arrows … ?
So what kind of tactical nuke will they deploy … when we’re all starving and no one is buying anything but food?
If you haven’t checked it out lately Arkhaven.com is fighting back successfully in the culture wars. I recommend the following if you want a story of what our future may be.
https://www.arkhaven.com/comics/action/hammer-of-freedom
I couldn’t sleep last night, been so sad about this turn of events.
I have had trouble sleeping lately as well. My mind races as I analyze what’s happening, and try to fathom what’s in store, and wonder what to do about any of it. About the only thing that helps is either copious amounts of liquor, or rigorous exercise.
Try melatonin. It helps some people a lot.
Scotch whiskey helps too…
only one thing in this universe doesn’t change.
Definitely more of the former than the latter!! ????
The only good thing that I can think of that might come out of these White House interlopers, will be a plethora of good country music songs! (Where’s Ray Stevens?)
Read how the Founders did it. And the Irish.
I have decided that in my life I am going to concern myself with what I can control and let the rest go. What good does worrying about things that I do not have control over do for me? It’s negative.
I try to be the best person that I can be, and I still fail a lot, but I keep on going and live my life to the best that I can be for God.
Energy cannot be uncreated once it is created, so I don’t want to create more negative energy than already is in the world. We need positive energy and we need to do what we can where we can and leave the rest in prayer to God.
When you can accept that the only two choices you don’t have are… Birth and Death then your mind can relax.
Not one of us can control what happens in the world and as a trader, I can tell you that when you fill your mind with negative energy you will have brought upon yourself the exact thing you are trying to avoid.
Drain the negative energy in you mindset and fill it with positive energy. I’m in the most difficult job in the world and what I know as true and factual is… When I enter a position, exit a position and where my stop loss is to be placed. That’s it, the rest is beyond my control.
I sleep very sound.
Sound advice. And if things get really rough, don’t sell your soul to save your hide.
That thought never crosses my mind.
I love GOD and my Country too much to ever turn against it. Notice I said Country.
I would prefer to see THEIR hide and soul taken.
I’m sorry to hear you are sad and can’t sleep! Please find happiness and gaiety somewhere. Life is for living, and as Sundance says “live your best life” and do it today. Sadness, guilt, grief and stress are very harmful to your health; they all promote sickness and even death.
Cheer up. Go for a walk (without a mask), fight back in every way that you can! Look for things to feel joyful about. Check out some of the people on Gab, or even You Tube that have good news. Frank Speech is another good place to go. Doug TenNapel is on You Tube, Professor David K. Clement is on Rumble, Nick Moseder, DaveCaresForYou, CanCon are all good for keeping important information at the forefront and they are a happy lot.
Seeing other people doing something about the audit efforts is very uplifting; they are all covering AZ, NH, MI and GA. Things are happening and there’s positive energy out there. Tap into it and get yourself a good night’s sleep!
Sorry for the repeat posting – I forgot to mention Clay Clark on Rumble, Amanda Grace on You Tube, God’s Guy and so many others to tap into.
Remember, you cannot change other people. All you have control over is yourself. Just plan as best you can for the future. There is going to be inflation. You might stock up staples that can be stored. Don’t save a lot of money because that will decrease in purchasing power. Keep your retirement saving invested in good mutual funds. Whatever you do, don’t go to cash. Other than that, focus on your family and their happiness.
Hmmm. One could ponder that one would sleep more sound if one had a reasonable expectation the AristoComs couldn’t sleep because of sheer terror.
Better them than me.
Wow…didn’t see this coming…</sarc>
WHEN WE GO DOWN, SO DO THEY!
WWGDWGA
Them first.
One of the best investments probably to make right now is a good old Freezer. You can freeze
fresh fruits and veggies for the fall/winter along with meat .which is already ridiculously high
and will be worse in the fall.
And to go with that freezer, grow vegetables and learn how to freeze them (not as simple as it sounds). If you don’t have the land for a vegetable garden try using grow bags. Work with neighbors who know how to garden. Borrow and share gardening tools. Take care of you, your family and neighbors worth the effort. Screw waiting on the government to get this un-F’d.
Think about power scenarios if you get another freezer. Backup generators are a short comfort. I’m freezer poor and wishing I had more beans, nuts and noodles. Think about aquatic growing…That’s a spitball. I might be able to grow algae, but I’d probably try to catch a fish or a crawdad.
Hope Sundance (or Admins) don’t mind, but this is a fantastic way to get your frozen vegetables if they are anywhere close to you. My family has been buying from them for several years. Seems to be family owned and the prices are quite fair for the amount you get. Quite tasty too! BD
https://www.southwesternproduce.com/prod2/2014-sales/
Except when the blackouts arrive due to global warming or something. Another good investment – have a generator backup panel installed at your circuit breaker box.
Ockham, I have a stand alone generator myself. I’m in Gwinnett county in GA. I also have 15 Gallons of good ol’ gasoline in case it’s needed! Generator OR truck! Shhhhhh… 😉
How long does that last?
Longer than none I reckon. 😉
PS cantcforest, I didn’t mean for that to sound snarky. It depends on conservation. I hope we don’t have to find out! 😉
Hi BD,
I’m in Montana. Have two freezers full of elk (wife got one too), deer, antelope and trout. I have a 5000w generator and am having a transfer switch panel installed next week. To me, the two most important things to keep running when they mess with the grid, is the freezers and the well pump. Gonna stock up on gas tomorrow while it’s still available out here.
You certainly have the meats! Had elk years ago, It was quite tasty! BIG steaks! LOL! Wishing you well on getting set up, just a shame it’s becoming a necessity these days. We conservatives / country folk can survive!
If you have a lot of sun, a solar generator is a must. They are quiet. In the apocalypse, roving bands of outlaws will follow the noise of tractors and generators, kill you and yours and take what they want. There once was a great YT video on this done by an ex-Marine and his buds. Very instructive.
Canning’s good, too. Especially since you don’t have to worry about loss of power.
The only problem is, many/most? veggies don’t taste that good canned and are better frozen(IMO). Gotta be creative and selective about it.
Fruit’s good canned, tho!
Trump —> The Way Forward America.
It’s Getting Serious: Dollar’s Purchasing Power Plunges Most since 2007.
But it’s a Lot Worse than it Appears. – 12 May 2021
https://wolfstreet.com/2021/05/12/its-getting-serious-dollars-purchasing-power-plunges-most-since-2007-but-its-a-lot-worse-than-it-appears/
Fed officials, economists “surprised” by surge in CPI inflation, but we’ve seen it for months, including “scary-crazy” inflation in some corners.
Excerpts:
Folks in the business of dealing with inflation, such as economists and Fed officials, such as Fed Vice Chairman Richard Clarida, came out this morning in droves and said they were “surprised” by the red-hot CPI inflation.
There was nothing to be surprised about. We have been documenting red-hot inflation boiling beneath the surface for months, with “scary-crazy inflation” in used vehicles and in commodities, such as lumber, and surging factory input costs that are getting passed on because the entire inflation mindset has now changed.
Yep. There’s a commercial that has been running on the radio in my area for the last month or so. The narrator (claims to be the company owner, might be I don’t know) says he is intentionally overpaying for used cars because he is betting the supply is going to be tighter as the months go on. When the guy BUYING your car to sell it again tells you he is overpaying and you check against bluebook and he IS, there trouble ahead. He blames it on microships that aren’t getting to the manufacturers. In some sense it doesn’t matter exactly what it is, only that as someone in the business he can see it and is willing to offer you $1.25 for your $1.00 today because he thinks in another month or two he’ll be able to charge $1.50 for it.
I know most of you who read my comments were well aware of this way before hand. We prepared accordingly as I hope you all have been doing.
The battle lines are still being drawn and there is still more time to wake people up and hope we don’t travel the road I know is coming.
Facing a Nightmare Scenario – John Rubino
7 May 2021
https://rumble.com/vgojpv-facing-a-nightmare-scenario-john-rubino.html
Wrecking the economy is part of the design for causing a massive crisis which will “not go to waste,” and allow The Manchurian Marionette and his puppeteers to invoke every bad Communist solution for transforming America into a 17th-rate Venezuela.
Remember that America must be taught a lesson, America is no better than any other place, and because of “systemic racism,” “environmental pollution,” etc. its crimes are long and must be punished. Remember that America is the problem, not a solution.
As a result, every bit of this was to be expected. And if you think Leftist pacifists will have any trouble militarizing to enforce unconstitutional edicts (gas rationing, food rationing, restrictions on travel, etc. etc. etc.) you have not been paying attention. If you think law enforcement and the military will not obey unconstitutional ukases, again, you have not been paying attention.
Worst case: new currency redeemable at whatever they want (10,000 = one new MAObama Dollar).
The bankers who think they are in control, along with the multi-national CEO’s, will have served their purpose and will be eliminated.
Farms, banks, media, etc. will be nationalized, along with what is left of our industries, and put under the control of FedGov bureaucrats. “Private property” will be confiscated, retirement funds, savings accounts, will be gone due to a national emergency.
Check past history of how Communists/Fascists operate: only one (possible) saving difference!
The Russians, the Italians, the Germans, the Chinese, the Cubans, etc. did not own as many weapons as the American people.
And they know that. I figure, they have one option left, and it’s to go to war with some other country, any country. They’ll talk about “the war effort” (while they’re getting rich off it), and see if they can rally everyone to that cause. You know, Patriotism! I don’t think it will work this time. Whoever keeps saying it, I agree: They’re gonna need a bigger fence. I’m watching the Governors closely. They have the power to kick the Feds out of anything and everything within their own borders. And they should do so. The problem is, the states have gotten used to Fed funds, like a crack addict. Worst case scenario, and I mean this is the absolute worst, is our Federal government ALLOWS an attack on our soil. Kind of like 9/11 only bigger. If that happens, all bets are off.
One does not know how it’s going to come out never in the history of the world has there been a nation founded under God as America that has always been free. The story has not been written how it ends. When the pain gets great this country is going to push back what happens depends on the people, make no mistake there will be a reckoning coming.
IIRC, Obummer “updated” Federal regulations on “emergency powers”, so that, in a declared emergency, the Federal govt can take over private businesses in EVERY sector of the economy.
So, CREATE a crises, declare it a “National Emergency”, and complete the Conmunist/Globalist takeover,…comrades.
It really IS that simple. Eliminating any sources of major resistance, which we are seeing right now, is just laying the groundwork.
I was the last person in my development to take down my Trump flag. I was forced to do so by the HOA. They mocked me in a listen only community conference phone call, saying “how can you reason with someone like that”.
I purchased a Green Tree Appeal to Heaven flag and have been patiently waiting for that moment when EVERYONE becomes aware of the damage being done by Obiden. Had I not been out of the country, it would be flying today as a result of DeSantis declaring a state of emergency. That’s OK, there will soon be another even bigger Ah Ha moment. Can’t wait.
The people are awakening.
Here is some hope…our neighbors are putting their Trump flags up again.
I’ve been flying my An Appeal to Heaven flag every day.
I’m flying the Betsy Ross Flag; the flag of the first American Revolution.
You can still see Trump flags waving as you drive through Idaho. I wear my Trump sweatshirt constantly.
I still have my Trump bumper sticker on the back glass of my F150. I got flipped off the other day by a triggered Biden supported. I just smiled and gave a big thumbs up back.
I have my US flag upside down now. We are in grave peril and distress.
Retired Magistrate here: Went to the store this morning and my usual $90 shopping trip for the same items is now $128.00. Thankfully, I had coupons which brought it down to $110.
We filled up my 2012 Jeep Grand Cherokee for $2.56 a gallon several days ago; now gas has jumped to $2.91. Back in December we got gas for $1.95. We also have our gas cans filled with about 35 gallons of gas.
Things are going to get a lot worse fast. If you have most of your money invested in the stock market, get out if you can. If you have a 401K there probably is not much you can do to shelter it; however, find a good financial advisor for advice.
If you are thinking about remodeling your home, don’t. The housing market will be next. I say this because I lived through the Carter years and the housing market tanked along with everything else. What you can do is keep your house in good repair by routine maintenance. Same thing for cars, appliances and everything else you have. Make do with what you have. If you need to buy something, look at yard sales, used appliances, clothes, etc.
Stock up on non perishable food and make sure you have at least a 90 day supply of prescription drugs on hand. I am not trying to scare anybody, but I am being realistic. Do I still have hope, of course, but it is hoping and praying for the best and preparing for the worse.
I have been warning people about the Stock Market on this website this past Month. I don’t want to see Treepers get hurt.
If you are trapped in a 401-k there ways you can hedge your present position by using futures and options. It is not rocket science but it does require a degree of sophistication.
It is something all should learn while in High School. However, they are too busy making Libtard Communist to teach anyone anything of personal financial value.
Hopefully, you have someone competent who can help you with how to keep from losing your retirement money. If you hear the phrase; “I am in it for the long term” or “Buy and hold”. My immediate advise would be to “Run for the hills” away from them.
The Biden administration is simultaneously increasing demand and decreasing supply. According to a basic economics graph, this always causes inflation. To see that graph read my son and I think is coming next, go to:
https://www.idealtaxes.com/post4145.shtml
Really good article Howard!
“How did you go bankrupt?”
“Two ways. Gradually, then suddenly.”
― Ernest Hemingway, The Sun Also Rises
Exactly store your wealth in real things that take real energy to produce ‘and’ do whatever you can do to become as self-sufficient as possible. For example just drying your laundry on a line during the summer time is just one of many examples.
#Beans #Bullets #Bandaids y’all. This is no joke.
Thank you for that very sound advice again thank you!
If we had real representatives in Congress, the fake President JoeBama would have already been IMPEACHED.
Impeached and on trial for his crimes against our country.
Unfortunately, our reps don’t know how to punch them in the mouth! (figuratively of course…)
How long will it be before Biden offers his own “Cash for Clunkers” program?
Realize the goal is not only to destroy the economy & the middle class, but to also ‘force’ all of us into electric cars.
I have never figured out where they think the ‘power’ comes from to ‘power’ those electric cars.
Windmills just won’t cut it.
Don Quixote soon discovered they were not what he imagined them to be.
When will the current Don Quixote’s understand that too?
The ones at the very top know that – they just have useful idiots working in the bureaucracy and voting for it. The ones in charge want to force us all into cities without any means to leave their urban areas.
The great reset was supposed to hide all of this collapse. The great reset was/is supposed to bring in a new, global, monetary system. It won’t be free of manipulation, it just solidifies WHO can manipulate the currency.
“As expected the high-turn consumable goods are starting to rise in price rapidly.”
Nuh uh! The financial geniuses in DC are stunned by the unexpected rise in consumer costs. Stunned they say.
We’ve had since 2008 to prepare for these times. The writing has been on the wall. I’ve done what I can at my home and will be ok unless it gets totally stupid.
RINO McCarthy
https://www.thegatewaypundit.com/2021/05/frank-luntzs-bff-kevin-mccarthy-cheney-ousted-dont-think-anybody-questioning-legitimacy-election-video/
Has anyone read this “Flag” letter yet. If not, please do.
https://img1.wsimg.com/blobby/go/fb7c7bd8-097d-4e2f-8f12-3442d151b57d/downloads/2021%20Open%20Letter%20from%20Retired%20Generals%20and%20Adm.pdf?ver=1620643005025
website here…
https://flagofficers4america.com/opening-statement
That took some guts to do that. I wonder how many saw the grandmas standing up and getting busted for their beliefs. They figured they needed to step up.
I’m sure that will work out well….
Wow, thank you.
The Carter family continued to be estactic over Jimmah moving into 44th place among worst presidents. He is now ahead of both Obamboozler and the Lifetime Grifter Biden.
The Federal Government is now POTUS. Joe Biden is the dilapidated 50+ year political robot who reads from a cue card every other day or so. Inflation is not a mistake, it’s intentional. The more daily goods people can’t afford because federal ‘relief spending’ caused mega-inflation, the more people want more federal relief money from the government. But the polls say this isn’t popular and could hurt Democrats in 2022? Fox News & Salem Media can’t wait for the midterms! Vladimir Putin isn’t popular amongst Russian citizens but he never loses an election. Just like The Federal Government won the 2020 election. The Federal Government POTUS has 2 goals for Joe Biden’s cue cards: federalize elections and rig the Supreme Court to secure federalized elections forever. Whenever I hear wait until 2022 I laugh. That election is already decided and Kamala has already won the 2024 election. The socialist dictator mask is off forever and the fix is in.
Rig the Supreme Court? Isn’t it already rigged? The Establishment convinced President Trump to put Kavanaugh and Coney-Barret on the court where they immediately joined liberals Roberts, Brennan, Kagan and Sotomayor. 6 to 3. Hasn’t that been how the court has decided since Coney- Barrett was confirmed?
There is a real shortage of used cars right now. This is driving up the price at the auctions as dealers fight for inventory. This is largely due to COVID which affected the supply of new cars because chip production was gummed up. No new cars means no used cars as trade ins grind to a halt.
i do business with a large Toyota dealership. They normally stock over 1500 new cars. They received a shipment of 120 on Thursday and sold them all on Saturday. Monday they had under 100 new cars in stock.
The BHO Cash for Clunkers program also laid the groundwork for a used car shortage AND resulted in the destruction of all kinds of classic cars. I watch a classic car restoration program that pointed that out. One of the guys on the show managed to intercept a classic Camaro from the process by buying it from the guy about to turn it in and then restored it into a real souped-up beauty.
Classic cars will run after an EMF event.
Yep, but it’s “EMP.” EMF is Electro-Magnetic Force (voltage) which, granted, is what is generated by an Electro-Magnetic Pulse attack.
And for those modern car owners with not just keyless entry, but keyless ignition, too… not good.
EMF = Electro-Motive Force. Brain fart.
I have noticed that the car lots (both new & used) seems to be less packed in my neck of the woods.
The new Tacoma I bought had been on the lot for less than an hour. They were very pleased to get my 2019 Jeep in trade.
I considered selling my 2012 Tacoma TRD Off-Road Double Cab with only 67,000 miles and purchasing a Denali at the end of this year. I paid $26,500.oo for it brand new, KBB is $22,500 – $24,000 and I have had offers as high as $25,500.00 recently.
It’s not the most comfortable for my 6’4 frame, but I will keep it. Runs great, always kept in the garage and looks brand new. Bullet proof.
You are gonna love your new Taco! Enjoy.
maybe the fur trade will come back. we will be using all assets to live under these holes.
I haven’t noticed any increase in fresh produce yet and I buy primarily organic. Gas has risen some; right now people are panic buying but so far prices have remained fairly stable. Housing prices here are skyrocketing, unfortunately, and locals can not afford prices because people from California and New York come here and pay as much as 400,000 for an older home and then completely renovate it…outrageous. This is Western NC…
There has not been a Lab invented that can distinguish an organic apple from an inorganic apple. I farmed both ways. It is just a marketing ploy. Reminds me of the Masks supposing to stop Covid.
Oh, I see, you need a lab (the science) to tell you the difference between something sprayed and grown on chemicals and one grown in rich earth and sun and water. I call it common sense. But I don’t tell anyone else how to eat or live. I can only talk from experience. Been eating a lot of organic and taking nutritional supplements for 50 years and I have no chronic illnesses or diseases of any kind; I have not even had the flu in so long I can’t remember what it is like…I am physically fit and hike about 10 miles a week and exercise every day in some fashion. So, to each his own.
Yes, but who is buying the over priced homes in CA and NY cities?
the Chinese
Wait until they start getting elected to our government. You know that’s the plan.
The problem is that it doesn’t impact Democrats: welfare recipients, wealthy people, and massively overpaid government employees.
Bidenville, coming to an underpass near you real soon
All the homeless population, we have seen growing over the last 10-20 years,…are just people who were ahead of the curve.
Its a return to the “hunter/gatherer” lifestyle.
Don’t have to stress over bills to pay, or time, or even date.
When you wake up in the a.m., you have 3 burning ?’s to answer;
What am I going to eat, TODAY?
What am I going to drink (potable water) TODAY?
Where am I going to shelter, tonite or in inclement weather?
And, the “ranks of the homeless” are going to swell, dramatically in the coming years,…
We all knew it was coming, once the COVID stimulus bills began printing trillions (!!!) and trillions of dollars. I can’t even blame the Democrats here, the GOP did nothing at all to stop it.
Its not printed currency that drives inflation, but currency velocity x currency stock. Currency velocity is driven by panic from those that attempt to store wealth in various forms of currency, that suddenly realize that their are more claims on real things than real things.
Could you restate that in terms of the the Gibbs−Duhem equation or bacon and eggs?
Yup!!!
We knew it would hurt and we even said the quicker and harder the better to teach these idiots a lesson. Buckle down, don’t be extravagant, etc. Remember when being chased by a lion, you don’t need to outrun the lion, you just need to outrun the person next to you. Hopefully a libidiot work acquaintance or a lost family member.
Just saw this twitter post linked from the Daily Wire, says the Governor of Michigan just ordered the gas and oil pipeline that supplies the U.S. from Canada to shut down.
I had no idea a governor of a State could shut down critical material needed for the infrastructure of the United States that is supplied by a foreign nation – isn’t that the federal government’s purview?
Can individual States’ now decide our foreign trade relations?
She is such a wicked person.
Actually, I believe that is a pipeline from Canada to Canada that traverses Michigan state property. Still dumb to shut it down, but probably isn’t relevant to today’s problems.
She’s a kamikaze hell-bent on bringing down this country. Such utter stupidity knows no bounds as a communist bastard. Hell is too good for such evil creatures.
This is only the beginning. Reminds me of the Peanut Farmer’s Presidency. Everything was out of control then. All those poor Black fools who voted for him are going to be hit the hardest. The one thing the D RATS love is misery.
My wife grew up in Chile during the time of Allende (President of Chile before Pinochet; was friends with Castro). Was a fervent socialist/marxist (with many marxist followers) and elected with only something like 35% of the vote. Between the marxist policies and total incompetence of his administration, things went totally to h*ll economically and socially (crime was not prosecuted – sound familiar?) in only about 12 to 14 months.
She has told me many stories of what she experienced which of course does not match with the stories that the MSM puts out about Chile’s history. Too many to talk about here, but the one saying she still says today to describe what happened there was: “Everybody had money, but there was nothing to buy!” Store shelves were literally empty, not even any bread. Is the same going to happen here? We are seeing money being created crazily like there is no tomorrow; meanwhile there are supply issues creeping up more and more. If this continues things will not end well. She is convinced this is all planned to wreck the country, followed by more and more “emergency” measures (intentional problem creation, which of course will never be solved).
“Is the same going to happen here?” It is already happening. The huge increase in the money supply is creating false signals for producers to produce. When it comes time to sell, the demand won’t be there, and the investments in manufacturing will go bad. Prices are signals of what to produce and what not to produce. Flooding a market with money sends all kinds of false signals, creating massive malinvestment. You end up with weird surpluses and shortages.
Not to worry. Just more La La Land Economics 101
Notice on jarred products, their sizes are getting smaller and their prices higher under joebama and the dems and sellout dem like rino’s.
Process were going down under President Trump, earnings up, even thru China virus all things considered!!
Our food goes up. We scratch our heads to survive but Nancy pelosi eats $4 half pints of ice cream in her $25,000 pluse stainless steel freezer.
Also, congress has dining halls and none of those fools look like they are starving nor is their gas shortages for their limousines–
Worst opening months for an administration in my lifetime. Suspect it will continue to get worse.
Everyone knew when Biden was installed this was going to happen. Most have been prepared for years and many other prepared after last November. We will all pay the price for allowing the Democrats to act in this lawless manner and we will all suffer. Some will suffer more than others. Question is, have we learned enough to put an end to this, or do we just learn to suffer gracefully?
Not enough people have learned enough to end anything….Yet.
“Question is, have we learned enough to put an end to this, or do we just learn to suffer gracefully?”
Just work to take care of yourself and your own. You live in an idiocracy where the lifeboat occupants are drilling holes in the bottom of the boat, so stock up on life preservers.
One definition of inflation is an increase in the money supply. Through the various stimulus bills, the money supply has increased by 40%. That is the real inflation, and the consumer price index is a lagging indicator. It must catch up sometime, so expect A LOT more inflation in the coming months. If Biden gets trillions more in stimulus, then expect inflation to go ballistic. Inflation cannot possibly have been unexpected by any real economist. Members of the Fed are simply lying.
During the time from 1500ad to 1700ad, the Spanish imported enough silver into Europe from the New World to double the amount in circulation. The effect was not to increase wealth, but to double prices. Those little pieces of silver were only a representation of the productive capacity of the people in Europe. Increasing the amount of silver did not change production one bit. It only changed the value of the representation.
Ultimately, you cannot obtain value without the virtue of production. This is cause and effect, and that is written on the fabric of the universe. We cannot increase production by producing more money. All these stimulus bills have been attempting to do something that is deeply immoral, something that is the basis for most sin: obtain value without implementing the necessary virtue.
Have you by any chance read Atlas Shrugged?
I am just getting that vibe from what you wrote in the last paragraph.
When governments no longer have any chance of ever paying down their debt, they have two choices, default on the debt or inflate their fiat currency to decrease its value. We are in choice ‘B’, the usual path.
Meanwhile, low interest rates steal from savers to the advantage of debtors.
Nice post, easy money has been made here in Canada these last few years.
Borrow money at 1% buy a piece of Westcoast dirt and watch it it soar in value.
Or buy Royal Bank, C.I.B.C. Or any other of the “ big five” banks and collect a near 5% dividend. Capital appreciation on these stocks are up around 30% year of year.
Cash may be King soon though, we’ll see but things are getting Shakey.
Our dollar was worth 0.70 U.S. less than a year ago, today it is over 0.82 and climbing.
At an 0.85 dollar my American friends may see a real boost in fuel prices.
I was confused at the pump last time I went to get fuel. I own a ford f350 diesel and I have, for a long time paid more for diesel than regular and sometimes more than mid grade and even sometimes premium. This last time I paid 5 cents less than regular gas. For me, it’s been a long time since diesel was the cheapest fuel.
I wondered why for a few minutes, but then I figured that the democrats still need to win the mid terms and if you jack up the price of diesel you jack up the price of everything at a pretty alarming rate. This article shows cost of goods are already accelerating and inflating. Imagine how much higher it would go if diesel prices were to scale with gasoline.
My best guess is gas prices wont get to 5 bucks a gallon or even 4 in most areas until after the mid terms. If you think we have inflation and high gas prices now, just give the Harris/Obama administration victories in the mid term election. If so, all the real pain is left to come
We’re not going to make it to the midterms at this rate.
Keep guessing.
There will be no Biden/Harris by mid-term.
Premium was close to $5 under Obama in about 2012.
Diesel was always the cheapest by at least 20 cents a gallon until roughly 2001. I think the combination of 9/11 and more efficient mass produced passenger diesels gave them cover to jack up the prices. Ford had been on a roll for 5 years at that point with the PowerStroke motors and GM was bringing in the DuraMax.
The Summer of Our Discontent
Produced by Biden Admin
Directed by President Harris
Screenplay by DNC
Synopsis … The peasants are doubly hit by rising unemployment supported by generous benefits and rapidly rising prices while green advocates keep shutting down petroleum production. Supporting cast of Antifa & BLM keep up attacks on white Americans.
I look forward to higher prices for the sole reason that when pain becomes too great the masses will begin to rebel against the communist left. It’s time to take back our country the longer it takes the higher price it will cost this nation. There is no place to escape when America falls it will income pass The world.
This is all necessary to awaken the complacent and apathetic. Covid-19 demonstrated there way too much obedient compliance of; lockdown, social distancing, mask wearing. Too many Sheep willing an eager to stand at the foot of slaughterhouse chutes while being led by evil goats.
This is the necessary wake-up call for several generation who have never suffered adversity to have the slack taken out of their straps. …freedom is not free.
In all this idiocy with These communists, President Trump and his comments and humor shows me a little light and ray of hope! Molon Labe and Shalom!
Hey, China Joe voters! Are you better off today than you were a year ago?
Great question for sticky notes!
“YES!,” they say from their Chicom hacker and biolab enclaves. COVID and vote hacking WORKED to get rid of evil orange man!
AmericaThinker website appears to be “down”,…result of a “cyberattack”?
BEFORE it went down, one of the articles ended by saying something like “if you start off by assuming the worst (of leftist motives), you’ll seldom be wrong.
I see where Whitmer the Witch, revoked the permit for a pipeline almost as big as Colonial, several months ago.
This despite Fed regulators saying it passed inspection. Gov has refused to meet with company, and it is in the courts, now.
My conclusion it WASN’T “Russian hackers”, it was NSA, disguising themselves as Russians, i.e. its all intentional.
As if I needed it, this is just giving me additional motivation to consider my off grid solar “transformation”, and get to work on my aquaponics, so I can produce my own food. Transportation costs are nil, lol.
I’ll NEED lots of leafy greens, to keep my blood pressure from exploding, every time I read the news!
Hubby went to buy diesel fuel for his truck this morning but none available, nor gas. He was p’d to say the least and when he arrived at job site took his frustration out on a liberal who hasn’t learned to keep his mouth shut around my hubby. Needless to say, hubby let him have it when he started spouting off liberal garbage. Can’t repeat what hubby said but sad part is this liberal guy will never own up to contributing to this mess let alone grasp the consequences that lay ahead for all of us, including him, due to this administration.
For some Libtards only the grave solves their affliction.
The philosopher Carl Popper noted that socialists see confirmation of the communist theory of history every day in the newspaper. The problem is, when every piece of data can be construed to support a theory, then it really explains nothing, much like astrology, or Freud’s psychoanalytic theory. A break from socialism requires a cataclysmic shift in interpreting day to day events.
OJuice in CT is almost $9 a gallon ?
fake president Joe B must be hold accountable what happen to our country right now and it will continuance going wrong way,
Getting killed on meat in Upstate NY, so dropping any type of grocery-store-beef consumption to once a week or less; pork roast maybe once a month and bacon twice a month; did a big grab on $1.99/lb. boneless chicken so that’s cooked up and in the freezer ready-to-go for recipes. Fresh veggies not too much worse than last month and some fruit was affordable, pears and strawberries and mandarin oranges (!). Backed up on potatoes, noodles & rice because yeah. Bread has gotten outrageous but sometimes there’s a table of elderly baked goods available for $1 a package. Canned no-grain dog food keeps going up pretty steady and now has doubled since last year.
Just delighted that the monthly grocery shopping got done before the 9-year-old lawn tractor caught fire and burned to a sad blackened corpse. I blame Biden.
Notice how the legacy media are not reporting on and discussing the consequences of the inflation on the public and on the national debt.
For the younger folk. At 18 on a Friday night, a six pack of beer, 5 gallons of gas and a pack of cigarettes = $ 5.00.