Neel Kashkari is head of the Minneapolis Federal Reserve. If you know the financial lingo, you can see the dire forecast behind the opaque language. In plain-speak, Kashari is saying when it comes to prices and inflation, “we’re screwed“…
In this interview with CBS talking head Margaret Brennan, Kashkari admits inflation is still going up, and it will get worse. Keep in mind, the lingo of the inflation conversation is discussing “percentages of change.” Kashkari claims the percentages of change will start to slow in a few years, but the prices will never return to their former level.
The percentage of inflationary change (this year vs last year) will continue going up, as prices continue to skyrocket over almost every sector. CTH points out this issue, because as the Fed continues printing current money, the value of future money drops and the price of goods continues to climb. The fast-turn goods rise in price quickest (now recorded at 6.2%), and the inflation on slow-turn durable goods lags but hits even harder.
Current real inflation inside the ‘total’ economy, the cumulative snowball that is coming down the mountain, is over 20% and still growing. This situation puts the forecast prices of 2022 goods at an alarming level. WATCH:
The fed has no tools to slow the rate of current inflation, as interest rates are disconnected {Revisit The New Dimension in Modern Economics} from the cost of goods produced. The only thing the Fed can do is to stop purchasing debt (Quantitative Easing), stop purchasing our own bonds, at a slower rate.
Despite being a progressive himself, even Neel Kashkari is telling congress to stop spending money.
.
Maybe you don’t have kids at home, maybe you don’t pack lunches or care what the cost of a pound of bologna will be, maybe you are retired and the stove hasn’t been operated all year as you prefer to dine out…. but I can assure you, to a demonstrable certainty, that almost all middle class working Americans will be making decisions on what food products they can afford. Head lettuce at $4 to $5 each, eggs at $3/doz, milk around $6/gal, butter around $8/lb, and citrus so expensive getting an orange in your Christmas stocking will be a trend again in 2022.
The background conversations in the raw material, processing, manufacturing, wholesaling and food contract networks are enough to make you lose sleep.
[…] Tyson sent a letter to at least two regional distributors last month in which it said that prices on Ball Park, Hillshire Farm, Jimmy Dean, State Fair and all deli meats will increase by a range of 5% to 10.2% beginning Jan. 2 for “all retail customers.” … “We continue to face accelerating levels of extraordinary inflation,” Tyson said in the letter. “The sustained duration and significant impact of the inflation necessitates additional pricing action.” (link)
The traditional net terms at 30, 60 or 90 days are right now a hot topic, as producers and suppliers in the food supply chain can no longer commit to contractual prices for future goods delivered. The upstream price increases are so large, the downstream suppliers will not contract on fixed prices, EVEN for the big box retailers.
Only those who know the scale of Walmart buying office pressure and dominance can appropriately contextualize a current WM supplier telling the behemoth to “go spit” if they don’t like the fact that price guarantees are no longer part of the equation. Yeah, it is THAT bad.
We are only a few months away from seeing massive inflation that will fundamentally change the way everyone looks at food shopping, or highly consumable purchases, and what the middle class formerly considered to be “luxury” purchases. Inflation, in the background, is going to come through the supply chain like a thundershock…. and it’s not just food.
This recent insider comment caused me to do some digging, and this is 100% accurate:
“I am an executive in the detergent chemical industry that supplies all of the major pharmaceutical companies, and am in charge of pricing and purchasing of large quantities of raw materials – both commodities, and surfactants, which are the main ingredients in detergents. Here is a brief overview of the situation.
Commodities, such as sodium bicarbonate (baking soda), sodium carbonate (soda ash), and other basic additives that adjust pH, thickness, anti-redeposition, rinseability, and other properties are up around 10-15% on a raw material cost basis from February. Not a single material is unaffected.
Citric acid is up nearly 40-50% when it can be found, at minimum. There is a nationwide allocation, which means that they give material to whom they feel like. One of the major domestic manufacturers of these materials shut down production of citric acids and other acidulants due to maintenance. Many companies in my industry are paying nearly 300% (not a typo – three hundred percent) increases on citric acid.
Domestic primary surfactants, which are made by a handful of companies such as Stepan Company, Solvay, Huntsman, and many more, are up 15-20%, due mainly to oil cost, transportation, etc.
Domestic specialty surfactants, specifically of a class called ethoxylated surfactants, are nearly gone. Not hard to get, not difficult to find – gone. In February, the ice storm took out piping and power lines along the entire gulf coast. The two towns that got hit hardest were Houston, TX, and a little town called St. Charles, LA. St. Charles is where all ethoxylation takes place in the USA for everyone from Dow to Sasol to BASF, and is the key process to make these specialty ethoxylated surfactants. Then, after 4 months of shutdowns, just when everything was getting back into swing, Hurricane Ida wrecked everything all over again.
Dow, one of the largest companies in the world, only restarted production at their facility there in early October.
The crisis of transportation and at the ports is only adding to this crisis of manufacturing in the chemical industry. News to everyone? It was never covered, not even once, on the news.
If truckers are going to be forced to be vaccinated come January, there will be even less trucks than there are now.
The wheels of the world are being purposefully and deliberately ground to a halt. We’d be better off with the mafia back in control of the ports worldwide.
This is going to get so much worse before it gets any better, and the administration in office is doing everything in their power to make sure it is as bad as possible.” (link)
And this on “Industrial Price Increases“:
Kamala Harris is worried about feeding children of the world, while we are literally weeks away from millions of working class, non-subsidized Americans being worried about feeding their own kids. Infuriating is an understatement.
Please prepare yourselves and your families accordingly. The proactive window to prepare for what’s coming in the short term is approximately 60 days from today; and then spending options begin to diminish quickly.
Yes, the rate of price increase may indeed level off. However, we will not see prices dropping or returning to their prior position even after this is over. The price of goods is climbing, will continue to climb and will eventually reach a point that they stop climbing – if policies change and/or the 2022 mid term election gets rid of the communists who are spending the money; but those prices are not going to come back down, ever.
A current loaf of bread, widget or (fill_in_the_blank) at $4.69 will climb to near $6.00 in 2022, and that will be the new normal price of that widget, bread or item from that moment into the future. If you accept that behind you is a massive price increase about to hit on almost everything you purchase, anything you can do now to offset the impact to your household budget when the full weight of these price increases hit is going to be well worth doing.
This is all being done by design.
Trump won.
If FJB/CCP/DNC had not stolen election,
we would be MAGA-fying now
everything would be IMPROVING
Audit 50
MAGA NOW
If Trump won, the deep state would still be in control, the senate would still control who they approve to head departments and we would be in the middle of another impeachment trial.
Agree Bert. A Trump second term might very well have been worse than the first. We cannot vote out those who are actually in control. Who we vote in no longer have the powers granted by the Constitution.
Actually, probably our SECOND impeachment trial, of PDJT’s second administration.
With McConnell the Conmunist CCP Politiburo head, doing everything possible to undermine PDJT, yes.
And Pence doing the same.
During PDJT’s first term, his support grew, in part by his actions, and in part do to the Conmunist/Globalists being triggered BY him, and revealing themselves.
Not sure Biden isn’t doing more to grow the America First army, as the potemkin POTUS, than PDJT could have done if he had been inaugerated in 2020.
People need to feel the pain, in order to get their head oughta their *sses.
Say what you want, Biden is bringing the pain, and he IS proving to be a Uniting POTUS; uniting more and more of the electorate, against him and his policies.
In 3 or 4 months is when those sleeping at the wheel will wake up and realize the D RATS want to destroy them. When the majority of coach tv watching potato heads can barely pay for the heating fuel, food for their families and gas to go to work, is when they will wake up. HOPEFULLY.
That Trump wanted Pence to overturn the election is an false Media narrative.
He did want those states who felt there were too many irregularities to have time to investigate the matter before Pence certified the Electoral College vote
Every now and then I read some article talking about how Judas Pence might be on the ballot in 2024. All I have to say about that is there isn’t any possibility whatsoever of me voting for Pence under any circumstances. Period. He is dead to me and I wish him every ill possible. He betrayed our country and his President on Jan. 6 and deserves obloquy and intense vituperation, if not the gallows.
I’d vote for Benedict Arnold before I’d vote for Pence. Arnold at least did something for the country that was useful. Pence was a mole and saboteur from day one. Pence will land in the 9th Circle of Hell, and he deeply merits that reward. If the Republican Party wants to absolutely ensure they lose in 2024, let them nominate that worthless, cowardly, backstabbing traitor.
Been saying that fer awhile now. The ONLY thing POTUS is successful at is GALVANIZING the opposition to his party!
I honestly think there is a silver lining to President Trump having to spend his second term trying to win a third to recover the one that was stolen. He came to Washington, DC in 2017 a complete outsider and neophyte who was taken advantage of because he didn’t have a network of government experience or an organization.
The President Trump who takes office in January 2025 (God willing) will be a savvy, seasoned political operator with his own contacts. He won’t have to rely on duplicitous creeps to staff his administration.
I would rather do without the “silver lining”, I’m sure if he were in office right now the 2nd term would look nothing like the first. Just staying optimistic.
“I would rather do without the “silver lining”, I’m sure if he were in office right now the 2nd term would look nothing like the first. Just staying optimistic.”
Absolutely correct Jeffrey..We will see a completely different President when he again, walks through to the Oval office – I have a feeling that there will be something of a bloodbath when he gets back in. He won’t forget what happened the first time..
Spot on Bert, the deep state is so firmly entrenched, the only way to get rid of them is the end of a rope. We’ve run out of boxes save one. What a terrible thing we have allowed to happen tour country.
This one sentence sums up the RATS inflation evil:
“… The wheels of the world are being purposefully and deliberately ground to a halt …”
Intentional destruction … by whom? China? Soros?
Read Galt’s speech in Atlas Shrugged.
Start with certain international banking families.
The traditional French approach is the correct one.
Klaus Schwab and his team implementing the Great Reset. Buttigig and Gov. newsom are two of his cohorts as are the new dictator in New Zealand.
And while we are auditing, audit the Federal Reserve.
Were only screwed to the extent national elections continue to be rigged and Democracy subverted. Fix 2020 or BUST
This is new reality but only for the United States.
They simply would not behave this way if they were concerned about election results.
Every time that I see his name, I think, “Cash ‘n Carry.” Seems fitting.
I wonder if they use Federal Reserve notes when they play Monopoly at their mansions?
That would be a great meme.
The Soviet Bolshjevicks are putting many non-Heritage Americans in positions of power.
Interesting way to spell Bolsheviks.
Great minds think alike. I just typed the same thing.
The Left wants to destroy the economy in order to create their “utopia” out of the ruins.
And ourselves and our parents/grandparents etc (families) worked hard for their/our wealth. We should not let them get away with it or try it.
No, in order to obtain permanent complete power, while bs’ing that they are PURSUEING this fables Utopia, thats always just around the corner.
Its a CON, Conmunism is and always has been,..a CON.
This is why we build a parallel economy. One that locks out Lucifers Children. This Christmas dont buy ANYTHING from them. Buy local or make gifts. WE have ALL the power. THEY want us to think otherwise.
making popcorn with different recipes like amish and copycats , old fashioned fudge, and stockpiling turkey for january and february not just thanksgiving and making signs out of twigs/sticks that say peace etc, making napkins so as not to buy paper products our very careful spending hurts them and helps us and USA
“This is all being done by design.”
Bingo. And, consequently, I hope SD has retired that stupid Biden “FAIL” graphic once and for all.
For Amanda.
A Eustace Mullins’ Presentation — Secrets of the Federal Reserve
Fake The Nation doesnt have to be Fake anymore. Mission Accomplished
IIRC, Trump called it “Deface the nation”. Quite fitting.
More like Mace the Nation.
The price increases will be the “new normal.”
That is really bad news for many.
But let us consider crime increases as unvetted illegals storm the borders and laws are relaxed to grease the wheels of crime.
Brave New world indeed!
LGB squared!
I guess they’re already through with this bullshit – Federal Reserve Statement 11/03/21:
– “The committee will aim to achieve inflation moderately above 2 percent for some time so that inflation averages 2 percent over time and longer-term inflation expectations remain well anchored at 2 percent” – is this a joke ?
Build Back Bitter is going to destroy a lot of wealth for good, and result in loss of life. There is now no avoiding or undoing it near-term. We must endure the consequences of the stolen election, since no one had the courage to recall the illegitimate electors and remove the usurpers who conspired to manufacture this result.
There’s all that and also let’s not forget we are in the midst of the largest experiment in the history of mankind. Rough waters ahead.
Rough waters, indeed. Wait until the long-term effects start to kick in. Things like the reproduction rate dropping by 50% and we’ve vaccinated all the children. Or Thalidamide-type deformities through vaccinating pregnant women.
They are attempting something never succesfully attempted before.
Its long been the Marxist dream/goal, of a Global Conmunist system, ….
Personally, I don’t see it working, long term but based on history, millions and millions will die, in the attempt.
You heard the man 60 days. That’s funny because that’s about what my internal alarm was telling me. Advice to Treepers: Enjoy your Thanksgiving and Christmas with your families. Try and make the most of this time. Come 2022 I am suspecting multiple storms to gather and wallop us on many fronts. 2022 is going to be epic and not in a good way.
I earnestly hope you are wrong. I earnestly believe, however, you may be correct.
Stay strong.
80% are wrong 80% of the time.
JD I will happily let you hold me to it. I will gladly admit it if I am mistaken. Here’s my forecast 2022: We will see a lot of death mainly from the vaccines and our government will keep going forward with even stronger mandates to take them. The supply chain is a lagging indicator and I don’t think we have felt the full effect as of yet. Brandon is going to go turbo with these mandates early 2022 and as the excerpt says fewer truckers will be problematic. You collide this with an already out of control money supply and things could get depression level scary.
Hey if somehow we avoid it all I will be the happiest man on the planet. Dark predictions do not favor me either. There’s something quite ominous about Covid and it’s said antidote (vax). You don’t have to be doomsday preacher to see it. There’s something not right and most of us know it. Start with a bio weapon made in China in conjunction our government.
The only “good” that’ll come of this is those that can get raises to adjust will be able to pay off debt cheaper.
I agree with your posts except one thing….truckers will be one of the keys and take it from me, they are pissed. I retired from driving about 2 weeks before this Covid-thing erupted. Drivers have had it, new drivers aren’t worth spit and the companies are cutting back because the freight rates suck. I agree tho…..the next year will be epic
Agree Luke. We cannot conceive of their intentions, plans, and implementation. God be with us.
I hate to agree. But I do.
Buckle up
Fired in 3 2 1
I agree with this person regarding “inflation wont get better until about 2024”. We will see no relief until we can possibly get a better President and administration. All these current elected/appointed fools have to go.
All these current fraudulent elected criminals have to go.
Hospitals in USA and in first world countries are refusing life-saving Ivermectin treatment even with court orders. Big Pharma doing everything they can to jab us no matter what, while alternative COVID cures EXIST! There happens to be heavy censorship who are looking for these treatments. The Research Is Clear: Ivermectin Is a Safe, Effective Treatment for COVID. Get your Ivermectin today while you still can! https://ivmpharmacy.com
Up until 4:30 mark it sounded right.
US Dollar is down 20% against Israeli Shekel.
https://townhall.com/columnists/jonathanfeldstein/2021/11/14/the-dollars-crashing-sends-ripples-throughout-israel-n2599005
All due to US Gov printing fiat money. Everything the US imports is going up at least 20%.
Never is pretty definite.
Nukes.
Energy monkey off our backs. How much is the kickback to the Dems from middle east for this energy policy?
“…the dirty little secret here, while nobody likes to pay more, on average we have the money to do so.” Stephanie Ruhle MSNBC
“Look, you — you’ve got to be smart when you go out and shop today, OK…” Donna Brazile ABC News
These people are so out of touch with reality that they are now saying the quiet part out loud – they WANT inflation, because it helps them push their Great Reset and all of us peasants just need to shut up and get with the program!
“We can’t drive our SUVs and eat as much as we want and keep our homes on 72 degrees at all times … and then just expect that other countries are going to say OK. That’s not leadership. That’s not going to happen.” — Barack Obama
“Now, people when I say that look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’ The answer is yes, that’s what I’m telling you.” — Joe Biden
They do want it indeed.
…while nobody likes to pay more, on average we have the money to do so.” Stephanie Ruhle MSNBC
“Look, you — you’ve got to be smart when you go out and shop today, OK…” Donna Brazile ABC News
Marie Antoinette said it better. Of course, they didn’t have “journalists” back then but if they did, she would have been one.
Yes, I think they are deliberately destroying the dollar so they can force us onto the new digital currency/transaction system (the one Catherine Austin Fitts and others have been warning about).
If these stupid people ever have to feel real financial pain or deal with civic upheaval, they will crash and burn. They will be the first to perish. They have no coping skills.
Nothing but anti-American foreigners being placed in high level government positions to destroy America.
A reality few realize and even fewer vocalize.
The Fed members know the sh*t they have done or been complicit with admins who have done it. Yah. They’re bailing. Just like the Ds & RINOs are and will continue to bail leaving We The People to be screwed and holding the bag.
FTA: Federal Reserve members are fleeing the central bank. We saw two Fed presidents resign in October amid scandal. Randal Quarles recently announced that he also plans to resign from the Federal Reserve’s Board of Governors when his four-year term expires at the end of the year. Another position remains vacant as well. A third position for the central bank will open up in January when Vice Chair Richard Clarida’s term expires. Fed Chairman Jerome Powell’s term ends in February, and Biden has not stated whether he plans to renominate Powell. Rumors are swirling that Biden may appoint Lael Brainard as he is the only Democrat on the seven-member board.
https://www.armstrongeconomics.com/world-news/central-banks/board-members-fleeing-the-federal-reserve/?utm_source=Newsletter&utm_medium=Email&utm_campaign=RSS
Biden and the Democrats live on the cheap money created by the Federal Reserve and that’s why the stock market and housing prices will continue to soar. The Federal Reserve is now a department of the Democrat Party just like the FBI, DOJ, CIA, NSA, FDA, CDC, NIH and even OSHA. You can also throw in all of the Federal Court Districts in Blue States, too. Not only do we know it but so does Goldman Sachs, Blackrock, Vanguard, Larry Fink and all of Wall Street. It’s also why they know that The Federal Reserve will not raise interest rates and destroy the stock market making Biden and the Democrats look any worse than the do already!
CJ,
Don’t bet on those housing prices continuing to surge. I live in one of the hottest markets in the country and we’re seeing prices start to come down as the inflation starts to bite for real.
kashkari is a lying bullshitting fake, phoney and fraudulant self serving democtratic deepstate political hack!!!! Bought and paid for by the most corrupt filth in deepstate world of thievery, corruption and deception – pure scum like yellen!!
I’m a bit confused as to why sd posted that clip. K-K just shilled for Biden.
Keep writing like that and you can add me to your friend list.
Thanks ?
According to Brian Deese, Biden’s National Economic Director– SPENDING will reduce inflation.
Therefore, they are justifying the $ 1.75 trillion climate and social spending package as a good deal for the economy !
SMH
Spending reduces inflation like quitting your job saves money.
3 key events are occurring in real time with respect to the FED.
-The FED needs a new director.
-There are still two empty seats on the FED Board.
-Congress is poised to appoint a US Treasury Comptroller who wants to require ALL financial transactions related to investment and savings filtered through value, distribution scoring and tax assessing algorithms hosted on FED controlled super computers.
The FED is owned by the Financial Puppet Masters. The US Government would essentially be completing the full transfer of control to the US Monetary System to FED, OUTSIDE the US Government. Then DoJ-SEC-IRS write rules as to whom is allowed to “DIRECTLY” touch the controls of the system and make any investments. There could be over 100,000 Federal Agents available to enforce this situation by the end of the year…there are plenty of major Financial Firm and Big Tech Employees available to do this work under contract.
Just a note, the 6.2% Inflation spike announced by Chuck Toad is in “DC Inflation Speak” and not the very real inflation consumers see at the PUMP and ON THE STORE SHELVES, which is 15-100% depending on the product.
Also, notice the Toad did not show the actual break down of that infrastructure money nor do any addition as in $1.75 Trillion Infrastructure Bill plus $1.75 Trillion SJW Bill = the full $3.5 Trillion Bill the media said was bad for America just a few short weeks ago. Less than 50% of the money is going to material infrastructure and allot is going directly into UNION COFFERS, not the pockets of Union Members.
By the way, with respect to that wonderful jobs report, the US Government said 2-weeks ago that they planned to STOP reporting revised numbers to all the faux jobs and unemployment statistics. Historically under Comrade Obama 2009-2016 and so far under Sock Puppet JoeBama in 2021, those numbers are always downgraded to the bad by 50-60%.
Why do I want to hear this guy again? I left them for CTH.
I am disgusted and offended by commercials referring SNAP recipients to Amazon Whole Foods. I’m in sticker shock at Walmart grocery and meanwhile I’m paying for deadbeats to order and HAVE DELIVERED Whole Food Groceries. This is criminally insane.
Patricia Weir: Amazon also posts “EBT Eligible” on items online. We are paying to build the
companygovernment store.In Marxist speak…its called redistribution.
I moved to Florida at the end of July. I was stunned by how much more expensive groceries were compared to Western PA; I realized later that the price difference was the beginning of inflation. God help families with children.
Ma’am, as a lifelong Floridian, I can tell you we are all feeling Sticker Shock at the grocery.
Also you will notice that Publix Supermarket has a complete monopoly in Florida!
And on top of all that, food banks are in overdrive seeking donations and help for the “needy”.
Never ever buy groceries from wal-mart. the Grocery stores actually pay their employees pretty decent. Support your local supermarkets wherever you are. Loved Stop & Shop
Cloward-Piven playbook … a home run by their standards. The progressives wish all legal American citizens a very merry Christmas.
The Green New Deal.
F**k you Bernie Sanders and AOC.
We take our orders from a lazy hippie wanna be commie and a Marxist mixologist.
Being done by design. That’s totally obvious to anyone with half a brain. Take prudent steps NOW!
http://richardmaybury.com/
I strongly recommend this.
Democrats and statists think that inflation is rising prices. I know because I was arguing with one the other day. Their brainwashing informs them that inflation is rising prices and they are not easily un-brainwashed (if it’s even possible). Don’t be like a leftist. Rising prices is a symptom of inflation but is not inflation. Inflation is an increase in the money supply, thereby devaluing each dollar in existence.
Basically government spending = inflation.
As soon as that chrome-domed clown started blaming Product 19 I shut him off. They all read from the same script.
So, I just heard this overeducated idiot say that he believes, since the expanded unempoyment benefits have ended, and schools are open,..that people are staying “out of the workforce, because of fear of COVID.”
THATS what he said. And the Bidens policy for getting people back into the workforce, to increase participation, is to mandate the vax, and fire those who refuse to get it.
Which DOES make a certain amount of sense, IF people are staying out because of fear of catching Covid at work, AND you ignore that the vax doesn’t prevent catching or spreading Covid.
WOW, are these people STUPID.
And the scary part is, I think this overeducated moron actually BELIEVES this tripe.
Kashkari is a Wall Street insider.
If you were renovating an old house would you buy appliances now? Won’t be ready for them for 6-8 months….wish we had never taken this project on
Retired Magistrate here: See if you can purchase good used appliances. If the ones that you have work, keep them. I have a Kenmore Fridge that is 22 years old and during the last 14 years have spent $180 to get it fixed. Our second fridge in the basement is an old Fridigeair and still works fine. My washer is a 11 year old Whirlpool and my dryer an old Kenmore. My appliance repair man told me to keep all of them; he can still get parts for them and they work so much better than new appliances.
Thanks very sound advice- sadly starting from scratch with no old appliances of any kind. Will scout auctions and on line marketplaces for used machines!
Read n heed Marcia below. ??
Used Washer/Dryer that have Zero computer screens or controls. Mechanical knobs, switches, dials. Those things last 20 to 30 years. The new ones with computers in them, you can’t get parts in a year or less except new-old-stock . They stop making the computer boards after 6 months, so all you can get are the ones left over in the supply chain.
I know they aren’t fancy. But the old ones work longer and can be repaired much more cost effectively. Why spend $2K on a new washer/dryer when you can get used/repaired ones for less than $200 each? I learned my lesson. Bought a Kenmore set with touchscreens etc. 3 yrs later, both died after a lightning strike nearby, and tech told me the repair would cost more than the machines were worth. Mechanical switches don’t die by lightning. Old School stuff keeps on working.
Go to a Laundromat. Commercial machines. They have mechanical controls, not fancy touch screens. This is for a very good reason. Reliability, Maintainability.
Cowboy,
You nailed it. I spent many years working in a position where I was responsible for making things work that HAD to work. I came to loathe electrical/electronic devices because of their general unreliability and much greater propensity for failure. Electrical/electronic just doesn’t take temperature change well. Plus, as you said, two years down the road control board replacements are damned difficult to find. Ten years? Forget about it.
I remember going to a car dealership looking for a new pickup truck. When they asked me what I wanted, I told them I wanted a manual transmission, manual windows and manual door locks. The salesman, perplexed, asked why I would want those things since no one else did. I asked him, “When was the last time you saw a manual crank window or manual door lock fail?” I saw the light come on in his eyes. Of course, Ford’s idiocy in putting the slave cylinder inside the bell housing merits someone being flogged, but that’s a different story…
I’m probably one of the last people that know how to fix everything on a Volvo 240.
They don’t call it a brick for nothing. Kind of like a VW. Simple. But solid and reliable.
I like my Mazda CX5, don’t get me wrong. But for simplicity and reliability, I’d still take the 240.
Everyone has an opinion that’s valid in proper circumstances. Wife just refurbished a 1929 Singer treadle sewing machine that she uses to make vintage clothing. 90 yrs later, it still works, just fine.
Some things are new and some things are still ticking because they work.
The perverted grifter resident is sure showing his hatred for anyone on a fixed income.
Perhaps SD you could explain why prices of goods will continue to rise until they won’t if ‘Republicans’ win in 2022 and beyond…..but they will never go back down. Really? Ever? Supply and demand is now irrelevant? The only metric is monetary supply?
Certainly energy prices will come back down if supply is increased.
With all this hyperinflation the rulers will have to increase the free shopping limits.
These jackasses think history began with their ascension to office. An hour at the public library will show them an absolute truth: Empty bellies make for dangerous peasants.
Everybody ready for “emergency” price controls? Don’t forget, anything is constitutional in an “emergency”.
Price controls will be mandated just before buying on the black market becomes a “crime against the state.” Or, as they will call it, “economic insurrection.”
Price controls will certainly be the leftists’ first instinct. And that will take us from high prices to no products available at all. They think like children. Prices too high? Well just tell businesses they can’t charge that much, then. I swear, if leftists ran a retail store, they would respond to a slump in sales by raising prices. They’re not just idiots, they’re a very special kind of idiots.
Kashkari? Did anyone else notice that it could sound like “cash carry”?
Isn’t inflation also being fuelled by a race to the top, with desperate employers offering increasingly higher pay to attract workers? Higher pay, higher prices.
This, from Time:
The figures point to a historic level of turmoil in the job market as newly-empowered workers quit jobs to take higher pay that is being dangled by increasingly-desperate employers in need of help. Incomes are rising, Americans are spending more and the economy is growing, and employers have ramped up hiring to keep the pace. Rising inflation, however, is offsetting much of the pay gains for workers.
Will Biden introduce the socialists’s solution: a wages freeze?
Higher pay, higher prices? Let’s take a poll of treepers. Who is has higher income over last year this time? Put down Time.
Got the deep freeze and have been filling it up when items go on sale.
Moved to a small, rural town that provides its own electricity, water and heating fuel via a very big mountain range.
Have a couple of spare bedrooms for the inevitable California refugees that will be begging for a place to land.
Plenty of weapons and ammo.
Niiiiiice
Us too. Except we’re on the other side of the country. Huge veggie garden ready to go in the spring. Laying chickens coming in the spring. 1/2 cow is our Christmas present.
Our electric is hydro power don’t know if that is an advantage.
prayers up
I remember that cockroach Kashkari from the 2008 market crash.
These Fed vermin survive it all with their cozy jobs intact.
You got his species right. I feel the same.
Yup, I remember him from that looting operation too!
John Titus (of Best Evidence youtube channel, works with Catherine Austin Fitts) has talked about him too:
Presenting The Federal Reserve Script for Totalitarianism
Is this our Holodomor to come? In particular I am fearful for those who are struggling now. I am terrified for them in the future on our doorstep.
What kind of people do this deliberately and who then sleep peacefully in their beds? I have no answer.
Yes, that’s what I was thinking- a global Holodomor. I think Christian at IceAgeFarmer has been warning about this too. This is why he’s always telling people to start growing food, plant fruit trees, nut trees- anything, just grow food!
For those who can it’s good advice. But that’s not an overnight project. I believe we will be hitting the bumpers before the first produce can be harvested. It’s the larger cities which will take the brunt first. And we know that in those cities, people are not reticent about making their displeasure known. This has the potential of getting very ugly very quickly.
BJ,
You already know what they will do. No one of my age could possibly have imagined, as a child, 5th Avenue in NYC being looted by rampaging mobs. We’ve seen it happen in real life now.
If you aren’t already prepared, you’ve got 60 days. Get on it!
Be as far away from “Diversity” as you can. Flyover country with plenty of Heritage Americans and Farms (always a blessing to have farms nearby)
Just watch your crops though, people will steal.
IAF is a good site. He has been on CoastTo Coast.
The statement quoted in the headline is just dumb. Anyone who thinks current events will continue on their present arc forever, is either completely stupid or lying. Inflation goes up, inflation comes down. We’ve even experienced a brief period of deflation once or twice in the last 50 years. It all depends on the interaction of the various moving parts economic output, money supply, and the relative strength of other economies around the world.
Nothing is permanent.
Prices can come down (deflation) after an inflationary run, what Sundance is saying is that it won’t happen. Prices won’t come come down after this current set of circumstances. So, in other words, you better hope for a raise.
He says it but doesn’t say why. Sorry, I need more than ‘what Sundance is saying’.
His minute man image is compelling but……
Thank you. If tomorrow CA allowed any trucker to operate in their state and shelves around the country slowly filled up prices would not go down?
SD breaks wind and majority of persons here exclaim, petunias.
In a sense, inflation has been a fact of life since the US went off the gold standard (which was forced by inflationary monetary policies that undermined it, but nevermind that for the moment). It creeps up, sometimes faster, sometimes slower, sometimes it grinds almost to a halt. But the arc is ever upwards.
That’s why the value of a dollar in 1970 is roughly 10x what it is today; and the value of a dollar in 1990 is roughly 2x what it is today.
What we are experiencing now is a combination of increased monetary supply and supply chain shortages. Decreasing the former and fixing the latter would bring prices down.
I’m still trying to figure out what the hell these ninkompoops are building back.. All I’ve seen of their efforts with my grandchildren money is the sword smashed between the spokes of a well oiled working hamster wheel..
They are going to try to starve us. As a farming/ranching family I can tell you things are going to get BAD. Fertilizer is up QUADRUPLE right now over what it was this time last year and so is herbicide. That’s IF you can even get either. Without fertilizer and herbicide, crop yields will be down significantly. Fuel is double what is was a year ago. We 2% of Americans will have enough to feed ourselves and our families, but feeding the rest of the 98% is going to be difficult. Stock up on the food your family will need for the next year. The big UGLY is coming. PREPARE accordingly.
People here must be stocking up in toliet paper again . The aisle
pretty picked over at our Stop n Shop.
I miss Stop N Shop.
Each grocery store trip, I buy certain items to stock my pantry. My daughter visited the other day and told me “Mom, I don’t ever remember seeing the pantry this full when we were living here (we were a family of 5).” I’m worried about what is coming, and I’m hoping to have enough for us, and my 3 daughters, if they may need some help eventually. If it turns out that the stuff I purchased isn’t needed, our local food bank will be getting donations from me.
Good for you! I am doing likewise. And, I hope I have food to give to the food pantries as well.
Great idea!
“Normal” is over, peasants. Get used to it. This is the new normal. Inflation, lost and restricted liberties, and your all-caring and all-powerful government dictating the conditions for your conditionally permitted existence. It’s what they’ve always wanted, and it’s all within their reach.
And we do nothing. Oh, but vote harder. Those midterms will really make the difference.
Found in the bin… 🙁
Shut up demoralization shill.
I don’t care if voting doesn’t work, I’ll do it anyway because they want us NOT to vote.
Ah, c’mon Lara. It’s Cassandra. With that name, what else would you expect? She’s probably right this time too.
Build Back Broke is more like it. The country is worse than flat broke. It’s flat broke and in debt.
When the left says “Recover and Build Back Better”, it’s THEIR policies that we’re having to recover from!
I fear we’re at the point where only a second American revolution will put things right again.
Build back Bolshjevick
I don’t know what to do. I am in my peak earning years but have saved and lived on mac and cheese in the poor side of town so I can be reasonably comfortable in retirement and leave something for my kids.
I wonder if I should just give up the strategy and live it up for a little bit now while it’s possible or keep saving since it may determine my families’ very survival…
According to a local news report Atlanta has the highest inflation rate in the country at 8.2% and rising. I don’t know if it is true but it sure sucks.
I live in the South suburbs of ATL…it’s all too true…
Thankfully, we’re on well & septic.