The snowball effect of cumulative inflation is going to be on display tomorrow when the BLS inflation data from December is released. We have previously discussed the unavoidable price increases as noted within the November data Here, and within the producer price data Here.
While the data being released tomorrow is backward looking, we are in the eye of the inflation storm right now. The consumer prices at end of January and through February are all reflecting new purchase order prices and contract prices to wholesalers, buyers and retailers. As a result, the December reports will be the precursor to what will be much more damaging data in Feb and March.
White House spokesperson Jen Psaki began trying to get ahead of the consumer price release with a short briefing to the traveling press pool earlier today. A short audio-only soundbite reflects the political problem the White House knows they will soon be dealing with. LISTEN:
As the BLS accurately (albeit briefly) noted in their November release, the inflation data reflected the cumulative increases in costs of products and services at all stages in the supply chain. Raw materials cost more (extraction, regulation impact), processing costs more (energy impact), transport costs more (fuel impact), final goods assembly costs more and handling costs more. From field-to-fork or mining-to-showcase, the total cost to create stuff costs more. [AP Interactive Chart]
Yes, the inflation data is backward looking. Meaning, it is looking back toward the previous period to compare costs. However, despite the White House protestations to the contrary, that’s not a good thing, because it is going to get worse.
The contracted price for goods delivered (depending on sector) are net terms in 30, 60 or 90 days. Meaning, the purchase price on final goods wholesalers were receiving in November, 2021, were agreed upon months before. Those terms for current arriving goods in Q4 are no longer valid. The new Q1 2022 terms (purchase orders) carry higher costs, and as an outcome, higher prices to consumers are still coming.
The AP chart above shows the ascending spike in inflation overall. Do you see that little plateau (mid spike)? That’s June and July of 2021, when we noticed the economy overall appeared to have stalled out. As we highlighted {Go Deep}, that brief plateau corresponded with a gear change internally in the macro economy as productivity dropped by 5% very quickly in the third quarter.
Immediately following that two-month plateau around 5%, the next few months of data showed that American consumers, writ large, were reacting to inflation by changing their spending habits. That’s when future contracts for new housing starts stalled out. Immediately thereafter, up to today, all the data indicated working class U.S. consumers are hunkering down with less disposable income and prioritizing spending on essentials: housing, rent, gasoline, food. Everything else is of lesser importance.
In the service sector, specifically hospitality and venue employment, overall demand for services slowed, but the employment data (showing the contraction) remained hidden, because we were climbing out of the COVID lockdown hole.
It appeared the service sector was gaining back jobs; but the backward to last year comparison was clouding an actual slowdown in services, because the data was comparing itself to 2020 when services were shut down. Demand for services was down, but we couldn’t really see it.
All of this inflation is being driven by policy. •[1] Energy policy (oil, gas leases nullified & pipelines cancelled) in combination with regulations targeting environmental impacts (CA ports emissions rules) is driving up energy costs. CORE inflation results from this. •[2] Fiscal policy by White House and legislature has been spending like drunken sailors, and that adds to a storm of •[3] monetary policy, with the Fed buying back the debt created by spending, and as a consequence devaluing the dollar currency.
The cost of exporting products is less, because China and the Euro benefit from lower U.S. dollar values. However, more export of raw materials means higher prices domestically in what little remains of the supply/demand influence. The multinationals are making out like bandits, Wall Street is happy, and the middle class of America is once again a victim of economic policy.
First, the DC politicians delivered the “rust belt” to us as an outcome of their favoring Wall Street over Main Street, and now they are wiping out our checking accounts with massive inflation. Remember the oft repeated -and infuriating- catch phrase, “The U.S. is a service driven economy?“, said by both wings of the UniParty? Well, put another way… first they off-shored our jobs, now they off-shore our wealth. This is not an accidental outcome of flawed policy, they are doing this intentionally.
We are being gutted from the inside.
You don’t accidentally stop pipelines, cancel oil leases, shut down refining capacity, change port regulations and then act surprised by saying: ‘whoopsie’ gasoline seems to be costing more? Duh! It’s a feature not a flaw. Many of the people behind Joe Biden are stupid, but they ain’t *THAT* stupid. They know what they are doing, but they have to pretend not to know things in order to avoid the tar and feathers.
Table-1 gives us a good snapshot of how the sector specific prices were rising in November [data here]:
If you want to go even deeper into the categories, check out Table-2 HERE.
Again, this was backward looking data, and there’s nothing visible right now to give any optimism that prices will not continue rising yet again in the next few months. Exactly the opposite is true. As we noted at the time, there is clear evidence prices will go up again in December, January and February based on the current situation. The evidence of future price increases was clear in the Producer Price Index.
The “Producer Price Index” is essentially the tracking of wholesale prices at three stages: Origination (commodity), Intermediate and Final.
The final product inflation rate in July (reported in August) was alarming at 7.8%. However, we warned it would get worse. The Bureau of Labor and Statistics (BLS) then released stunning price data for October [DATA Here], showing an even more dramatic 8.6% price increase in final demand. More intense warnings shared.
By the time we got to the November BLS Result [DATA Here], released in December 2021, unfortunately the results showed what was expected.
The cumulative costs of massive increases in energy prices are building into the supply at an astonishing rate. The November data showed a rate of wholesale final goods inflation at 9.6%, the largest single month comparative rate increase in history.
The bureau even went back and revised/increased the August price index from 7.8 to 8.4 percent, and revised/increased the October figure from 8.6 to 8.8 percent. The average monthly price increase is almost a full percent… every month. It looks like the BLS backward revisions were an attempt to smooth down the rate of increase.
When you see the wholesale level of prices almost double the increase in consumer level inflation rate, you can predict that consumer prices will likely go even higher.
Future finished goods, at a retail level, will carry the current wholesale price increase.
Stuff costs a lot now… and because the inbound stuff to make the finished goods is still climbing in price…. stuff is about to cost even more.
You can see from Table A (above) that finished good prices are still climbing. That’s the higher price inflation you are feeling when you buy a product.
What will change this scenario is an actual drop on the demand side, as U.S. consumers see their income values wiped out. Unfortunately, that appears to be part of the policy agenda for the White House.
If they can reduce demand by making things unaffordable, they can claim victory over inflation (mid/late 2022) and proclaim their economic policies a success. The prices will never drop, but the percent of change will stall out.
The downside of the White House achieving what they call “success” is unfortunately, by the time we reach that point we will have nothing left; we’re broke. Prices will finally level off, but the savings of Americans will have been depleted and wage growth will then take years to catch up.
FUBAR. All by design.
Joke’s on them, I already don’t have anything. I knew this whole thing was a scam back when I was in high school. If you know you don’t have a future, there’s no point in investing in one. My generation got screwed over, and now they’re going to pour napalm on the next generation and everyone is going to just sit back and watch it happen?
Trump was King Solomon. The guy that takes the helm to fix this mess is going to be more like Ghengis Khan…and only THEN will people finally realize just how easy they had it….
I don’t fully agree and not simply because I am a fan of Trump. Trump EARNED my appreciation through his presidency.
And Trump didn’t “do” much. What Trump did was “UNDO” a whole lot! Trump is advanced in years and in intelligence and in memory. He saw as the government made things worse and worse and worse. He has been working to undo the things which, by design, destroy the USA as we know and love it.
You will have a VERY hard time trying to find anything Trump did as original save a few things created in response to the politics used against him. And in that, he is a skilled and agile fighter.
That’s not true that President Trump didn’t do much. I have seen pages and pages of listed accomplishments on conservative websites.
I think you all are mis-understanding. I’m not saying Trump sucked. I’m saying he’ll be Mr. Rogers compared to someone that has to clean up this mess. And that’s when a lot of idiots and dirtbags are going to realize that they’d have REALLY have been better off dealing with Trump.
When I was a kid, the dinner table was home school. For a time, dad made us read the front section of the newspaper before dinner. That was back when the newspaper landed with a thud when delivered. At dinner we would be quizzed on the front section. If we failed, we had to read it again after dinner where there would be a follow up quiz.
The only thing that saved us is that we quickly understood he only quizzed us on topics he liked and when we figured that out, we just read what interested him.
Somehow, I always did well in reading comprehension.
You picked up on human behavior as well. Good job!
What a splendid father. What an incredible favour he did for his children, although at the time I’m sure you couldn’t understand that it was such. I’ll bet you are now thankful beyond measure, bd.
It was not the Brady Bunch family. Dinner came with 1,000 rules on how to eat. The lights were dimmed and there were candles on the table. Dinner was always exactly at 7pm sharp. May I please be excused?
Did you have the backless chairs so you had to sit up straight?
Dad was a product of military school. The yearbooks were kept on the shelf at eye level, just as a reminder of where we were going if we screwed up. It was a very posture intensive setting. Dinner table conversation would often steer to military school to remind us of how lucky we were….
At least I can laugh about it now.
If I were you dad, I’d tell you “Mister, you sit there and pass me the bread!”….
When we set the table, the fork is always on the left, the spoon on the right and the knife on the right, FACING left. With a japanese table setting: chopsticks on the right resting on their little ceramic thingies, rice bowl to the left…
Napkin on the right.
Wine and water glasses.
It’s little things like that, but those little manners make things so much more easier.
BTW, we taught our kids to behave at GOOD restaurants. By the time they were 7 and 5 we could take them to the Ritz’s Dining Room: they knew how to order, how to use the utensils, how to speak softly, say “please” and “thank you” and to eat ALL of their peas.
“Kids menu”…. I wish. They ordered from the normal menu and they knew how to order. Before going to sushi bars I’d feed them each a peanut butter and jelly sandwich… otherwise they’d eat as much as grown ups.
Mind you, I didn’t so much mind as they knew how to eat well and appreciated the food. But, heck, four of us could easily go a $350 bill, and that was like 20 years ago!
A couple of times we were complemented by other diners on how well our kids were behaved.
The sushi chefs and waiters loved the kids too. They’d always show up with treats for them (we were regulars in several places).
Naturally, we’d dress up to go out.
Remember… fork to the left, spoon to the right, napkin on your lap….
Scuse my boarding house reach while I place your salad fork to the left of your dinner fork…
The two parent working family has by necessity put paid to that I’m afraid.
articles were cut and pasted in the “kids” bathroom mirror. It was in front of the two sinks they brushed their teeth.
Some of the more intelligent leftists like Matt Taibi and Glenn Greenwald tried to warn them. They were ousted from their respective positions at Rolling Stone and The Intercept.
I voted for Trump to end the insanity of shipping 50% of our manufacturing capacity to communist China. It was kind of an implicit deal: end the crazy and go back to being a normal country that doesn’t consume twice what it produces and we will sweep the treason under the carpet and pretend it never happened. That offer is off the table. Globalism is evil and must be destroyed, and in such a way that it never rises again.
there was a lot this comment going around in 2015 -2016… trump isnt a hitler but hes TPTB last chance to avoid one.
Taking the discussion “beyond Trump” just read a long blog post on inkzorg.wordpress,..by tinkorg.
“Farewell to the Bourgeois Kings”.
Putting things in historical perspective, he essentially points out than whenever a select group of “rulers” or “leaders” lose the confidence of the ruled, their time is over, and that that is what is happening to the “Technocrats” that have actually been running things both in our governments, and institutions, for a long
time.
I have posited here previously that this thing we are going thru may well be “the end of civilisation as we know it”, and the author of this blog makes compelling arguments that the endvof technocratic rule may be upon us.
As our current civilisation IS predicated on technocratic rule, its I think a different way if saying the same thing. Here is his close;
“Still it is quite obvious that the epoch of the liberal technocrat is now over.
The bell has well and truly tolled for mankinds belief in their ability to do anything else than enrich themselves and ruin everything for everyone else.
How long it will take for their institutions to disappear, or before they end up toppled by popular discontent and revolution, no one can know.
But at this point, I think most people on some level now understand that it really is,…
only a matter of time.”
HOW it collapses, and WHAT replaces it is the question?
As we all lose faith in technocracy and all the institutions, the question is “WHY are we continueing to allow these entities such control over our lives?”
Which inevitably leads to ,…NOT anymore.
“No government can survive without the consent of the governed.”
And consent is withdrawn, when the governed “lose faith in” the governments ABILITY and therefore AUTHORITY to govern.
EOCAWKI? I think it MAY well be.
(EndOfCivilisationAsWeKnowIt)
CAVEAT: PRIOR TO READING THIS COMMENT, PLEASE UNDERSTAND THAT I AM RELYING ON RESEARCH, HAVE NEVER READ THE DIRECT ATTRIBUTIONS FOR THE QUOTES, AND IN NO WAY AM PREJUDICED BY RACE – HAVING ALWAYS PREFERRED CONSIDERING A PERSON’S CHARACTER!
RE: “No government can survive without the consent of the governed.”
That has been the purpose for, and the role of, the multiple millions of illegal aliens and “pseudo” refugees for decades!
It goes back much further than that despicable Texan, LBJ, Democrat President Lyndon B. Johnson.
According to Ronald Kessler’s book, (quoting Robert MacMillan, an Air Force One steward) LBJ, using racist, derogatory terms, openly bragged to 2 Governors regarding the 1964 Civil Rights Act that his welfare program, “The Great Society” would have a particular minority voting Democrat for 200 years!
It is also attributed to LBJ that he thought a certain ethnic group was getting “uppity,” and that that was a problem for the Democrats at that time because that particular group had something they’d never had before – the political pull to back up their “uppityness.”
The point of the above was to illustrate that our government has survived for many decades by BUYING THE CONSENT OF THE GOVERNED! AND THEY HAVE USED COVID TO RAMP THAT UP EXPONENTIALLY – for the SOLE PURPOSE of buying consent!
I can’t see that much difference between the run-up to that German dictatorship and the run-up we have here right now. They started with medical fascism and branched out from there, plus creating hyperinflation.
Xiden is giving us the American Weimar Republic right in front of our eyes.
I read – “Trump didn’t “do” much”…..am I going blind? lol
IMO, POTUS Trump’s most valuable contribution to these United States was to illustrate just how corrupt and evil the governments of some states and the federal government has become, just how biased the MSM really is, how our tax money has even used to punish or reward foreign corruption. More than anything; he lasted longer than their lies! He shall live forever in the minds of the Communists among us!
Don’t forget, our tax money was also used to create and release a bioweapon on the very taxpayers whose $$$ they were using!
You saw the words but not the context. His point was Trump un-did a lot of preexisting bad stuff. He never really had the chance/time to “do” stuff which would’ve been even better. The past year has shown what we lost in his leadership.
Only president to ever tell NATO countries to pay up,just one example.
I agree. The “DO” was mostly trying to undue many things that held back our country. The accomplishments many put in lists are the result of his clean up. His years of doing deals in ruthless New York democrat union influenced business climate prepared him for most things they threw at him.
Thank you for calling him President Trump….not just Trump
Trolls gotta troll ….
No, you didn’t “get” what he was saying.
Obvious President Trump loves this country.
That’s a pretty original action these days, not many in DC can attest to.
He actually DID what he promised he would do “if elected”, once he WAS elected.
Not just “pretty original”, thats unheard of, NONE in DC can attest to it, and it ‘showed them up’ in a stark, dramatic way.
I’m sure that many people on CTH have experienced the amazing anger and jealousy one can arouse in the incompetent around us, simply by demonstrating competence at anything: a job, an avocation, or simply being, or trying to be, a good person.
Better than competence – brilliance, as PDJT demonstrates routinely – sends them over the edge into insanity.
Thank you for the reminder, Daniel.
You’re right – President Trump undid a LOT of crazy, stupid stuff from Obama, Bush, Clinton and he was on the way to undoing even more, and doing a lot more, too. Like you, I did not like Trump, but after seeing in just the first few months what he was up against, I came to appreciate him and I also learned to love him and laugh at and with him!
At first he was painful to listen to… just a bit, mind you. Because, soon I learned to ignore how he said it, but WHAT he was saying.
And, he IS funny.
And so President Trump and I agreed on many, many, many things. My wife too, many of us around here too (SoCal)… What he did was to pull the masks so much than only the Useful Idiots and Willing Idiots support the current Occupant Of The White House… aka The Usurper or Joe’s Bidet.
At this time, we need a Civil War that will not affect property values (!) and hopefully we get to split Calif0rnia into three.
+1,000
negotiate bankruptcy and tell the Fed to go F themselves, and whoever is with them.
No… and yes. Lincoln couldn’t get funding for the war, so he used the congressional authority under the constitution to print greenbacks. There is no authority under the constitution for the federal reserve bank. Trump did apparently bring the fed into a more legal status when he brought the fed under the treasury but it’s still debt based currency.
President Trump fixed the tax rates (still in effect) which greatly improved my tax payments. He also go 456 miles of actual wall built.
You are going to regret that wall when you suddenly realize your escape path to Mexico has been secured.
Good one!
ROFLMAO …..too funny Bob!!
Investing in time and energy in learning valuable skills has always been the way to go.
Investing with money only comes with risks. I would say owning real estate outright is great however they get your real estate if you don’t pay property taxes. So when that horrid B MoVie Nazi sounding villian said “You will own Nothing and Be Happy” we were already there when it came to real estate.
It was and is my great good fortune to be married to a Brit who grew up impoverished immediately after WWII. His father taught him almost everything he knows because necessity demanded it.
What he doesn’t know in the way of repairing everything from soup to nuts isn’t worth knowing. He is a man of many talents and has saved us tens of thousands of dollars by tackling almost every issue that had we had to have hired someone else to sort out would have cost us who knows how much.
When I moved overseas, I believed a college degree was not only essential but I also believed that without one, one was doomed to a lower living standard. Shamefully, I was that naive and indoctrinated.
While I have a very good degree my view now is a complete 180. Anyone who has the ability to fend for themselves in the ways we have been able to do is worth his weight in gold. Having a good and always useful trade will never be a waste. And I salute those who choose that job path.
Things were pretty peaceful overall when the Bundy standoff occurred. Nobody died that day. They’re not so peaceful now. I’ll leave it at that.
It’s because the cowboys made the BLM (Bureau of Land Management) back down. YeeHaw!
Our TIME and ENERGY are our innate, natural ‘reserves’; currency is an artificial, symbolic way to establish a value and exchange system FOR time and energy.
While we can check our bank balance and stock portfolio ‘value’, we NEVER know how much time and energy we have ‘left’ in our ‘account’.
All we know is, when we ‘run out’ if time and energy, we are DEAD.
Our spirit may well live on (I believe it DOES) but our life in this earth, is over.
When we purchase something, we are exchanging currency for the time and energy of others.
When we ‘work’ we are selling OUR irreplaceable time and energy, for paper that we will later exchange for the results of OTHERS time and energy (product or service).
Since developing this outlook, my views have changed, both on work, and on purchasing.
I’ll expand a bit:
“Our TIME and ENERGY are our innate, natural ‘reserves’”.
Actually, it’s the ONLY thing there is to take power over, in a social structure.
Those pyramids didn’t build themselves.
“Directing” (stealing) the time and energy of others has been around since an alpha monkey stole a weaker monkey’s handful of berries.
My concern with real estate, other that your living properties, is that the government can easily interfere.. like last year when they put a moratorium on evictions.
A very fascist thing to do, as it affects small investors while large corporates do just fine.
Yes real estate is technically not your because what happens if you dont pay property taxes, rent moratorium by dictate is just more proof of “you will own nothing and you will be happy.”
I was telling my husband last night that the government has basically taken control of one of our rental houses..telling us we have to house a certain individual because she qualifies for ERAP..yes they pay us the rent but it’s on their timeline..we have to keep her for 15 months, her BF is allowed to live there and we cannot raise the rent..I can’t see it ever ending.
Why did you agree to this renter?
Awesome post, sadly true.
And, yet, they think we will believe them over our lying eyes.
But, don’t worry, Rand and the others are hard at talking big, again.
I heard what she said, Paski eloquently pointed out that used care prices that are to blame for our current state of affairs. Sellers of used cars asking too much money! Government has no control over used car prices. Not government’s fault.
Just a head fake as people infrequently buy cars. This is an attempt to blame and distract from the increased cost of regular expenses such as heat and that food thing.
People don’t wake up every day wondering about the prices of used cars. They care about gas and food. At her next press conference, I expect she will talk a lot about things people do not care about.
The Federal govt made a mess of car pricing.
As painful as it is to live, how much worse would it to be blind to what’s happening? Same with the corruption over the last 100 years. The American people hold all the power, as “the people” always have. The majority of the US isn’t under the delusions that our founder’s were evil, we look to that time for much inspiration and wisdom.
There’s no recovering what has degraded for so long, but there is starting where we left off. This is going to suck royally, but in order to win, people need to love liberty and Christ more than their lives…. because that is what will be asked.
A man staring down an enemy out to enslave and murder his family is both prudent and brave to abstain from all forms of violence that would remove himself from those he loves so dearly. But when their removal from him is a guarantee, that is when the risk is the only option. Churchill said Americans will always do the right thing last. Well, what he saw as an avoidable delay, we know to be the great consideration of free men doing all they can to not give all they have to win.
We’re not watching the tearing down of our nation, oh sure we’re watching the destruction of this illegitimate government, this is the slumbering dragon waking all over again.
I do not know what the future hold, I pray violence is still avoidable, but should it not be…then I pray for the strength and wisdom on when to go -first. Not because I wish for death, God’s plan prevent it please, but should patriots need to sacrifice, then my first that a brother may still live.
This is a war for the fate of the world, this is WW3 in the air blowing towards us. We have much more to go, if hope is weak now, the day is coming when only those following God will carry on.
We the people spoke, they silenced us. The day will come when the government, this deaf and the world hear the resounding voice of the free people all around the world say, “no more”. But, until we get there, the abuse will continue. When they silence our voice, defiance becomes our word. When defiance is met with attacks, then self defense is our right. When self defense is offended prematurely, then the attack becomes our duty.
Jesus flipped tables in his house. When they come to disturb mine, that is when they will be driven out beyond my driveway, past our boarders and past this life. Men were given this planet, where they roam free, where can evil hide? Only in hell, I won’t condemn anyone to there, but if someone’s goal is to bring hell to my house, the. I’ll happily ablige them for their efforts by opening the door to the afterlife in a manner they may consider premature.
That was an absolutely amazing post, if I can borrow the phrase from Ten Bears in The Outlaw Josey Wales…..there is iron in your words.
Just excellent, Mark. I can feel every bit of your outraged (rightly) soul in your words. Passionate, purposeful, and justified.
Beautifully put. Thank you Mark. Awesome post.
I was feeling particularly fired up in a conversation with my wife. Love the women as she sees the world as clearly as any. I believe, though, what even the best wife cannot understand is the fundamental difference between men and women. (I too cannot see the world exactly like her, it’s not a deficiency of either person, just a fact of how we were made – intentionally).
She sees the US situation as an opportunity to renew hope in God, to not give in to fears or the worst perspectives. But she sees it as an opportunity to “give it up to God”.
I do too, and with certainty, there is much beyond my control, most everything, a fact I know better than anyone. At the center of my self perception is a conviction of my own inconsequence. There is much I should give to God, but, as the Spirit of my Creator burns within me, there is always much more I can do. I’m frustrated by my blindness, incompetency and most of all fear. After all, I have done many things to contribute to the world’s decay as we see today. (Good bye Amazon prime). I probably explained it poorly, as I frequently do. Hope is a verb, she is doing something, and that something requires great effort.
But, and my belief as a man created by God in His image, is that until I’m in the thickest of it, I don’t feel as though I’m doing ‘enough’.
I’m reminded of a story about the Army Rangers in Afghanistan (this is not my story). There was a brutal firefight, injured and dead on both sides. The US soldiers who were in it, felt it was particularly dire and holding on to hope was at it’s most difficult. The rangers showed up late after the fight due to having rucked across the terrain. When the Rangers showed, they quickly realized the fierce situation was neutralize. One (or possibly a few) threw their helmets on the ground and started cussing and yelling obscenities like only a man with his head in a jar knows.
The US soldiers having survived couldn’t figure out the anger of the guys who weren’t even there. The soldiers felt gratitude certainly, mourning, definitely, but highly likely we’re the feelings of wishing they hadn’t have had to go through it.
The Rangers were pissed, they missed the action, they missed the thickest and most trying moment. They missed testing their metal in the hottest crucible. And so, anger.
I believe, again just a theory, that while women do feel a sense of competition and reward, it’s not quite the same innate need that comes with being a man. Perhaps I’m wrong, would not be the first time. What’s far more important is that is how I feel, and if others do or do not, then so be it.
But I’m coming close to the edge of where defiance is my only verb. To quote Trump, “no violence”.
But I voted. Where did that get me?
I left a job due to the vax mandates. Where did that get me? Frying pan…fire.
I left the city, but I still cannot afford a rural house.
I’m not out of options, faith and hope are still a choice.
What I am saying is, the further this enemy pushes, the more I understand that Ranger story. I don’t wish for there to be any fight, which is the faith I carry when I fight, but should there be one….then I call dibs on being first in and last out as is my understanding of my duty, so would it be my honor.
I have tried with great effort to write it more succinctly, but I find I can only add to the statement:
“Liberty or death” let’s quit dancing around it with soft mandates, petty laws and bullshit taxes, either try to kill me now or give up your reign, you bastards.
Which goes back to my first comment and acceleration. IF(big if) we must go to war, then I pray it comes tommorow. Not to see the shortening of my life, but to prevent the opportunity of me missing the opportunity. This is my war, not my kid’s. If you bastards want total control, then bring the worst you can imagine today, so that either my kids live free tommorow or I don’t live to see your rule.
All these politicians just talking, yes including Trump, bore me. This is clearly getting us no where, but I am getting older.
I pray they try to fully enslave me while I’m young so that I don’t have to witness this tyranny when I’m old and blinding. Strong words from a weak man behind a screen, I am aware. But we are all watching the growth of our inner strength. Surely a great man was once just a man before he did that for which he was known.
Me? Perhaps you’ll never know who I am as no fame may find me, I do not know. But I do believe that one out there like me, with the same spirit, will one day be known. Why? Because I pray that my spirit isn’t mine, that it is that of Christ. Because, if I’m right, then not only is it Godly to fight back, but it is duty.
I have rucked a very, very heavy bag of bricks through 30 years of life (on several occasions asking for death) to make it here today. I’ll be damned if I am too late to fight…that is my honor.
And THAT, I believe, is the what makes me not only a man, but one of God.
All I can say is… keep it professional.
“Nothin’ personal about it, you damn commies, just professional.”
I think Mungrel would call you a brother, Mark. I know he would actually. I am the same as your wife. Faith is easy in the light of day. In the dark? That’s when it is the most powerful. Blessings to you, sir.
Amazing post! Would you mind my sharing it, giving you your due credit?
One word for you, RESPECT!
Feel free! I’m touched that you want to share it!
So share freely as Mark isn’t even my real name as the agencies scan for dissenting comments. Of course, a fake name would only stump the most inept of agents, which should provide sufficient coverage from any in this nation….
If you must attribute it, “unnamed patriot” would be all the citing I would ask.
When my wife told me last year to go buy handguns…
… which I did…
… you know we’re getting there… doing the right thing, that is.
They don’t care. This is all intentional.
At some point, though, they will care.
When they are pulling a Mussolini, they will care.
Stolen elections have cataclysmic consequences.
For the working class people of course.
CONSENT has consequences
Wait for Brandon’s March 1st SOTU, when he will merrily drive the clown car around the track while screaming, “I did this! My plans saved the economy and stopped COVID!”
Won’t watch. I think I’m washing my hair that night.
I’m changing out my sock drawer. Yep, March 1st, it’s on the calendar.
A worthy exercise. Here’s hoping you find those missing ones that have gone walk about.
We are doing the same. Thing.
Sock drawer job.
It’s never wasted time, is it? Whereas listening to a fraud and a liar read a script is just the opposite.
I think I will be rolling coins from the big jar on the nightstand.
Oooo sweet!! It’s always nice to have something fun to look forward to😉…in a way that listening to Old Man Biden is not.
I guess that’ll be the day I get back to painting egrets. (They remind me of angels.)
Oh LOVELY! Painting in the quiet is good for the soul, Dixie. Listening to a criminal pervert? Not so much.
Thank you Betsy! “good for the soul” might have been just the reminder I needed.
Pretty sure my television is scheduled for a software update that night, darn it…
Well hurry, GB, and put it on your calendar, as all the rest of us are doing. I know it’s a priority👍
😉. 😁
I have to change purses.
Hahaha!!!! Speaking of which, I need to as well. Thanks for the reminder. Washing hair and changing purses on the same night. Definitely no time left to give to a demented fool’s delusional rantings.
Well, at least that clown car will be on fire. There’s that to look forward to, I guess.
I’m going to watch, in the hope that one of my Senators or my Congressman or the biggest RINO of all Mitch McConnell, tears up a copy of the SOTU…just like Nancy did with President Trump’s. And if none of the pansy axx Republicans does it, then they are all off my list.
The FED is dead. It’s all fiscal policy now and the FED is along for the ride. Commercial banks will lend again and we are off to the races.
Watch Velocity of Money reported by teh St Louis FED. It’s been going down for years. That will change.
All Keynesian all the time. And it never ever works.
What do you know about the reverse repo rate? It’s now over 1.5 trillion every day! I don’t really understand it but I know it’s bad.
Those who seize the reins of power are often surprised by the outcome when the people turn against them. They stole the election and eventually they will face the consequences.
Wake me when we see the first dirt nap….
More like the porn bust in Florida? OK, place your order early. It’s not going to be patriots on one side of the field and redcoats on the other squaring off. It’ll be more like the assassination squads in the French Underground in WW2. Just replace Nazis with Communists and France with America. We’re an occupied country now.
if only i had a dollar for every time we committed to give consequences and then didn’t.
I’d be in their club by now.
Once again, More Bore, feel free to list the actual “actions” you have performed that you are always lecturing us about not doing:
1.
2.
3.
4.
5.
I read Sundance’s article here just before the one I quote below. It’s going to be a rough ride.
GLOBAL economic fears have escalated after the World Bank revealed growth rates are expected to plummet this year.
With economies across the world struggling to recover from the pandemic, global growth rates are expected to slow for the next two years. The World Bank forecasts growth rates slowing to 4.1 percent in 2022 and then 3.2 percent in 2023. In its latest report, the bank expressed concern for the “notable deceleration” in major economies such as China and the US.
https://www.express.co.uk/finance/city/1548496/global-economic-crash-warning-world-bank-covid-news
The Stock Market is being propped-up by seemingly unlimited manipulation. There is no fundamental reason other than bullshit justifying the heights of the present Stock Market.
How long the phantom Stock Market? It appears long enough for prudent investors flight to safety. An excellent opportunity to protect ones self, IMO.
How long? I don’t know. I’m ready to pull everything out, however, I would have enough cash left to last at my age. The prudent question I ask myself is, how long do I think I’m going to live?
Well, if you’ve had the vaccine(s), probably less than (3) years……
Money is only good as long as it’s good. Those of us who are old enough remember the cash and gold and silver buried under the house, down the well, and in the sofa and mattress during the Depression, if not actually, the stories from our parents about tough times and not trusting banks.
We’re getting into some tough times; IMO that’s what Sundance is seeking to outline the parameters of. Traditional security during good times goes by the wayside. Expect law and order to go by the wayside too. Society is polarized and traumatized by the psyops, in addition to the financial hits and bioweapon disease and death. Not a good scenario.
The decades of transitioning from an asset-based economy to a debt-based economy IMO will come home to roost, hard. Once it happens, it’ll happen fast. I lost my faith in the system during the early years of Clinton’s term in the go-go 90’s. Before, a true believer in the American way. We lost our way. Now we’re gonna pay.
No financial advice. I’ve lived the dream. Now it’s purposeful poverty. Gotta suffer to deal with what’s coming. It’s going to be uncomfortable. My parents and grandparents knew. Glad they shared their wisdom.
How long to live? IDK, we could both live as long as Betty White did, to 99. My dad lived to 69, mom 89. Money had little to do with either one’s longevity, neither had much in the way of stuff. When it’s our time, it’s our time. God brings us home.
That’s the way I feel….when it’s our time, it’s our time. I’m ready for it. I’ve had enough.
Serious question: Is it time to pull it all out now? And then how do you keep it? In cash under the mattress, under the house or in the attic? I’d really like to know…..
While I agree with you, what else can we do in an inflationary environment? If we were to take all our retirement savings out and convert it to cash, it’ll be worthless once chicken breasts are running $50/pound.
The cycle has always been “cash” once again becomes “King”. A $1,000 may only have a purchasing power of $500 but it is still $1,000 and liquidity. A stock which goes down 50% in value. You now only have 50% thin air. I don’t know, it is a tough call. But something tells me cash would be preferred over stock in a decline.
I’m increasing the cash I keep at home, in small denominations. Whatever shape the implosion takes, it is certainly going to include the ATMs going down, periodically if not permanently.
Local Walmart has been refusing to provide cash or accept cash payments on self-checkout for months. When I asked what the reason was, the employee–who probably wasn’t supposed to tell–told me that the local banks often do not have enough cash on hand to provide cash to the stores….so it’s no cash, card payment only, and no cash returned.
We live under the possibility of The Big One… so we always keep stuff…
Cash, gold, lead, dried/canned food, bourbon, cigars, meds, propane tanks, water, etc…
I guess the question is,in an inflationary environment, will the stock market plunge fifty percent and more importantly stay there? I’m not sure. I wish I knew the answer. I think it’s clear at this point that the market is all smoke and mirrors and is headed for a gigantic crash. But my wallet is telling me that with a nearly doubled grocery bill, a dollar isn’t worth what it once was and so the valuations in the market may end up rising along with all the other prices.
That said, we recently took out three months worth of cash because I’m worried the whole banking system is going to collapse. See my question about reverse repo up above.
All the elite millionaires and billionaires have the majority of their money in stocks. Therefore it will go up.
If you own enough stock, you have a valid claim to a means of production.
I can’t see into the future myself, and from what I’ve read—for years now—all over the place—nobody’s ever right about stock market implosion, unless the coof collapse counts, which it shouldn’t because a cave fish could see that one coming.
Anyhoo did the same as you with cash, just in case; not convinced we will Venezuela, but who the hell knows what happens next. Idiots and communists making everything suck till they get stopped. Taking it one day at a time and enjoying all the good stuff God is gracious enough to send my way.
No one will ever buy chicken breasts for $50 a pound. Let it rot. Myself, I’d rather eat the birds at the bird feeder than give some moron that much money for a perishable thing. Now, give me a LIVE bird that lays eggs and I might think about it.
Reminds me—-stock up on birdseed. I hear mourning doves are delicious.
I’m rereading Michael Z. Williamson’s Freehold series and is even more relevant today than when he wrote them!
I am a military science fiction geek and I have yet to get into MZW. Throw in some space opera and you are in an entirely different place. I recommend some David Weber, Timothy Zahn(not star wars stuff), John Ringo, Alastair Reynolds, John Scalzi, Neal Asher, and check out Fantastic Fiction for reference https://www.fantasticfiction.com/ along with Baen Books https://www.baen.com/ for some escapism.
You will own nothing and be happy.
You thought they were joking.
You thought they couldn’t possibly be insane enough to make it policy.
And through it all, the GOP did nothing.
Next up. You will BE nothing and then who cares whether you’re happy or not.
You will be dead and think you’re alive
lol that was funny.
We make an excellent income and we are feeling the pinch. I really don’t know how families with more normal incomes are getting by.
By the Grace of God. Amen.
By having little to no debt, living within our means and by putting a little something away for rainy days.
The tried and true way it used to be done. Can’t afford it? Do without. And I’m not talking about every day necessities. Make do and mend used to be the mantra. Now? If it stops working or a a “new and improved” (pricier) version comes out, dump the perfectly “old” one for the shiny new one.
Keeping up with the Joneses never made much sense to me, and I am one.
I remember those days, making six figures back in the 80’s and 90’s. Today, I practice seeing how well I can live on practically nothing. It’s a good exercise. The family did it during the Depression and raised 11 and 4 respectively and everyone survived and lived long relatively healthy lives. We’ll make it.
One thing recent experience did impress upon me is how much I risked my mental and physical health to slave for the almighty dollar and the grifters who seized the spoils of my labor. No more 🙂
“This is not an accidental outcome of flawed policy, they are doing this intentionally.”
I don’t think so either. Remember how shocked we all were when they unleashed the nearly $trillion stimulus (bank bail out bill) in 2008 or thereabouts? That kind of spending is almost an afterthought now. Not sure if this is what you call a controlled demolition?
The outrageous money spent is laundered back to politicians and other powerful/elites. Wouldn’t it be nice if we can get objective investigations into that?
Time to gird our loins.
Can’t spin this. The hard working Americans never needed reports, charts or graphs. They feel their pocketbooks long before anyone else.
“The downside of the White House achieving what they call “success” is unfortunately, by the time we reach that point we will have nothing left; we’re broke. Prices will finally level off, but the savings of Americans will have been depleted and wage growth will then take years to catch up.”
IF we ever can catch up…I was in high school during the Ford/Carter years. My parents, along with MANY other families in that time period, went from a comfortable life on my dad’s income as a sales rep to not being able to pay the bills without my mom going back to work part-time. The loss of purchasing power when interest rates went to 18-21% decimated middle income families, forcing mothers into the work place and children into day care. Yes, I KNOW that families CAN live on a single income – my husband and I did – but it is the exception rather than the norm these days….and IMHO, that is a major reason why we are in the position we are today!
I know, who’s left to go to work now, the kids?? Is that part of BuildBackBetter, throw children into the labor market to further sink wages after enslaving all the immigrants and women?
That is what has happened in every other communist takeover…the kids get sent to the field or the factories when they are about 12. School is only for the wealthy and all the peons, and their children, are expected to work for the “greater good”!
I was at the Ford dealer yesterday getting some scheduled maintenance done on my F250 and I spent some time talking to the Finance Manager who is a buddy of mine.
He said the chip shortage is still a big problem with no apparent end in sight.
Inflation and supply shortages have resulted in some buyers delaying purchases, but vehicles break and wear out, so demand is still there.
Used car prices are at an all-time high.
They had NO new vehicles on the lot that had not been ordered, sold, and awaiting prep for delivery to the customer.
The only available inventory was used vehicles.
He made an interesting observation about the push for electric vehicles.
He wondered what that Virginia snow storm traffic jam might have looked like if all those cars were electric vehicles with dead batteries.
Every vehicle would have needed a flatbed tow or a portable generator to get recharged.
I thought the same thing. I also tried to imagine staying warm or charging your phone in a ICE vehicle vs an EV. With internal combustion vehicle you could idle your engine long enough to get a little warmth and keep your phone charged.
Another issue with the EVs is the number of chips they require compared to a gas vehicle.
speaking of chips and the above comment about net terms… i work in tech hardware and we are witnessing an alarming percent of our customers renew their MSA’s wherein the main thing they want renegotiated is the net terms to be 60 or 90, a few even more… 30 was the standard and no one paid it much mind before….
Businesses will always string out payment timeframes, or worse in tough times.
Just how it’s always been.
no doubt.
my point is that over the course of my career, there’s a consistent number of folks who want to talk about the net30. its not large and its predictable the industries and regions they will come from. it can be done but often means they won’t get other preferences.
Thats quadrupled, anecdotally, in the last year. the businesses know they are going to need as much hedge and breathing room as they can, over the next few years.
Trying to ride it out.
Man, do we need Orange Man Bad, bad.
When I went into business in 1990, my business advisor told me to pay every bill when it came in without delay. It did not make sense. She said a time will come when I need a short term loan to smooth out cash flow and I could “borrow” from my payables short term to get over a hump. I probably did this a half dozen times through the years and was thankful for it every time. She taught me a cash flow model that has served me well.
You had a wise financial advisor! When I was in consumer banking, back in the 90s, HELOCs were a new product. I used to get into so much trouble with my managers because I would go over financials with young couples, wanting to leverage every dime of equity in their house to buy a boat or an expensive car….I would tell them to learn to live within their means! Told them to take the money that they would use to make payments on their HELOC and put it into a savings account instead. If they still wanted the boat or the car in a year, they would have a nice down payment, and if they weren’t able to put it aside every month, then the loan wouldn’t be a good idea because they clearly couldn’t afford it! Didn’t make as many sales but I could live with myself – and I ended up with better customer relationships in the long run, because they knew they could trust me!
Plus a lot of dead bodies from freezing in place.
I have a F250, two of them actually, and both turn 36 this year and haven’t yet worn out with surprisingly little maintenance and repair, just normal wear items over the decades. Diesels rule. They’re the newest on the property, the oldest is nearly as old as I am and I’m in my 60’s. Vehicles, in general, can last a long time, just like people can.
Of course, both can get sick, both can suffer abuse, both can have accidents, both can get traded in for a newer model. The divorce rate underscores the last one. Human nature. Still, hat’s off to the engineers and constructors. Their efforts are appreciated. 🙂
We’re ready for what’s coming. It’s going to be ugly but humans are survivors. We’ll figure out a way. Some of us will give that last full measure of devotion. God will welcome us home.
I didn’t think I d need a new vehicle in the next 10 years but a wrong way driver, a head on collision and an engine fire made it a necessity. Prices new or used are nuts!
“He wondered what that Virginia snow storm traffic jam might have looked like if all those cars were electric vehicles with dead batteries. ”
Indeed. The idea is to stop most people from driving at all
“…the chip shortage is still a big problem with no apparent end in sight.”
Cars and trucks without chips?
The economy sucks, as much as this incompetent, by design, administration. This once great country has never experienced a more worthless bunch of rejects. Honestly, every one in charge in this administration, from the imbecile in the White House, on down, they are all installed unqualified hires. These morons, couldn’t run a soup kitchen.
Covertly Astute: But, they are running a soup kitchen, and not very well.
Until “they” stop saying “It was worth it to get rid of Trump” (Yes, “they” are saying that), I’m viewing the ongoing collapse with great enthusiasm.
Play like you live in Florida and there’s a hurricane coming–Finish your preps because “they” haven’t even started.
I can’t wait for the middle class ethnic groups to start screaming about inflation.
I know Joe/Hoe are spending billions to prop up the low income on government assistance group, however,
many ethnic groups are middle class just like we whites. And, I may be wrong, but I think that group
have been increasing in numbers over the years.
How is the Biden administration going to pay them off in order to shut them up and keep their vote?
they don’t need to pay them off per se – they just need to stoke some racial strife in the next few months. they’ll need to focus more on the hispanic community too, since its clear their vote is slipping away.
Look for some good old fashioned “white nationalist” incidents that target them, so we can spend the summer “having a dialogue” about the issues. and by dialogue, I mean burning more of America to the ground.
Your first paragraph will be handled by the new DOJ task force: Justice Dept. creating unit focused on domestic terrorism (kwch.com)
Your spot on second paragraph is reflected in this esteemed news source reporting: Illegal Border Crossings Soar to Record High, New Data Shows – The New York Times (nytimes.com)
I believe your last question will be solved in a fashion similar to how this one was handled.
The only way for “globalism” to work is to devastate America. It’s the opening for the Anti-Christ.
#StandFirm
That is exactly what’s going on. For the anti-christ to emerge, a one world government has to exist. For a one world government to develop, a global economic crisis has to be created. America has to be crushed economically for a global impact on the scale necessary to get all nations surrendering to a one world government. Seems pretty straight forward to me. Things happening around us seems evil, that’s because it mostly is.
I don’t think anyone that’s spent any time on this site will be shocked by the numbers. I do hope that you’ve taken in the warnings that’s been presented on this site and have made some preparations.
For the times we are going through, I don’t know who’s telling me the truth but I know who’s lied to me and I do know that I’ve never felt lied to by Sundance. I’ve been given quality information that has allowed me to make informed decisions.
A few days ago Sundance warned us about a potential trucking interruption that will be coming into effect in about another week. If it comes to pass, then the inflation we’ve been experiencing will look like the good old days. On top of inflation will be an increase in shortages.
It is much more a process for me. When I read commentary and opinion the best way to know if I’m reading accurate information is to let it run downstream a while and see how that information washed out.
I’ve abandoned lots of other sites after they stomped all over their credibility.
I’ve read here at CTH everyday for years. Quality stuff in good quantity.
True. The quality of understanding sets one of the highest bars I’ve seen online.
This is why I set up a teensy but consistent payment to the Tip Jar.
Transportation costs and container fees quadrupling, these costs will be starting to be felt by the majority population by March. With gas, food, and rent going up there’s not much left for discretionary spending if at all.
What’s happening real time during this administration is actually a tragic story, because it’s being accelerated by the American Taxpayer. Similar to how our pensions and investment funds are funding the ultimate buildout of the CCP Army which I believe at some point will be too big of a match for America. The Biden Administration is shifting America to a permanent Socialist country through relief/stimulus money that is paid for by none other than us taxpayers, so in turn we are paying for our own demise.
This is entirely all intentional. There is no policy happening to get our economy back on solid foundation, it is being deliberately destroyed. Socially we are we passed Socialism and entering Communist territory, but economically the fundamental shift to permanent Socialism is happening.
It won’t affect the wealthy, feds, tech workers, welfare takers so I am not sure Democrat voters will care.
Those in charge won’t care about democrat voters. When it gets bad enough they will do wrongly,whatever they think might fix things, and to hell with their voters. They will dump their voters in a heartbeat if it gets them better media coverage.
The media will gush and say things like “Oh how bold and daring of Biden to cut off all the unemployment and welfare funds to incentivize people to go to work, for the good of the country”.
It’s by design, create the problem, offer the solution. The solution, more government, more control.
If only we could coordinate everyone to simply stop everything for a week.. No work, no buying, no shipping, no vacation. Everyone stay home and spend time with their family for one whole week. Grind everything to a stand still. Just might get the point across…
They’d call it an insurrection though in their eyes, it would be seen as a slave revolt.
It is…
thats the idea, yeah.
If Trump’s social media site does well, then that can be an avenue for actual activism. It can’t come online soon enough.
Once the inflation rate gets high enough, as is happening now, inflationary expectations change. Lenders begin demanding higher interest rates and workers begin demanding higher wage rates so as to keep up with inflation.
Each jump upward in inflationary expectations results, simultaneously, in a new relationship between inflation and unemployment, with both being generally higher than previously. For a graph of this taking place from 1960-1983, see my posting with my son in the American Thinker this morning.
https://www.americanthinker.com/blog/2022/01/the_senate_should_reject_jerome_powell_.html
I agree about Powell but if not him who would be better considering the fools in charge will pick him!
There’s no Paul Volcker to save the day either. He tamed inflation in the 80s with an iron hand. No more.
Paul Volcker couldn’t have brought down inflation if President Reagan wasn’t increasing aggregate supply at the same time. (Increased supply reduces inflation.) Reagan, like Trump, increased supply by cutting taxes and regulations.
Nobel Prize winning economist Edward C. Prescott wrote a famous journal article which proved that the Reagan tax cuts increased the labor force participation rate and that this effect was lasting. See:
https://www.minneapolisfed.org/research/QR/QR2811.pdf
Interest rates went up over 20% during the most painful bout of inflation to hit the country in the eighties. You’ll soon be seeing price controls like the Nixon days, which was an abject disaster. It’s coming……..
You’re undoubtedly correct. This regime has dug out and dusted off every bad leftist economic idea they could think of in a single year.
I guess it’s now time to circle ’round and dig out bad ideas from the “moderates” (pretty sure that was how Nixon ended up pushing something so stupid).
Thanks Howard, I read your excellent article this morning and agree.
Thought of it as I read this latest from Sundance.
Excellent article Mr. Richman. I agree that there are lots of chickens coming home to roost, very soon. I have never been a fan of the FED since the very idea that a group of banking industry lackies should control monetary policy is as stupid as controlling roosting space in the hen house by introducing a fox into the equation. Messy at best. Thank you for your insight.
I’ve decided this is either an absolute evil, master plan designed to ultimately cripple America rapidly to usher in acceptance of a global rescue plan that introduces world government at the sacrifice of our nation…..
…or a mass cabal of extreme leftists allowed to run amok in the candy store, given the keys to all the cars, while puppet Joe is told when to grimace or when to exit, assuming he still can remember to do either.
Not sure which yet…but Obama and the globalists are behind either one.
Always remember, whatever Big Brother does to you, it is for your own good, because Big Brother loves you.
Come next November, if the Republican legislatures do something effective to stop the cheating at the polls (a huge “if” I know), the backlash against these anti American economic policies foisted upon us by the left leaning Uniparty is going to be something not seen since the American voter rejected Hoover and elected FDR.
Back in ’32 the American voter didn’t have an educated grip on the destructive nature of FDR’s progressive policies, initially birthed by stupid moves like Smoot-Hawley which happened on Hoover’s watch, so the voter lurch left was somewhat understandable.
Roosevelt never solved the Great Depression, but at least he is redeemed by his iron fisted approach to the Axis. Amity Schlaes “The Forgotten Man” details this disaster of 80 years ago quite well.
By next fall, American voters with fresh memories of recent prosperity searing their brains, are going to chuck out the Left and its Anti American idiocy like none of us alive have ever seen before.
A new period of American nationalism is nigh and inevitable, even though the Department of Justice, FBI, and 16 other “intelligence” agencies are going to use every device to stop it. Get ready for the false flags and deception to come. My bet is after election day, their hubris and feebleness will be on singular display.
I agree, however we need a mechanism in place that can rid the GOP of the RINOs other than through the election cycles. They are like weed seed cast on fertile ground.
It’s hard for the Biden gang to lie their way out of this, but it does not stop them from trying.
Yup, I remember the ‘Bribem’ White House saying right before Christmas (12/20/21)that the price of oil was already back down to $68 a barrel, inflation was easing.
‘Surprise, Surprise, Surprise’— 22 days later a barrel of oil is back up over 19% from that date!
Dirty rotten, filthy, evil POS.
Govts carrying massive debt (the US) like inflation, longer term it’s one way to get rid of real debt….as long as the voters accept it.
The upside for those voters is the apparent increase in the price of real assets, their homes.
The other upside is rising interest on fixed deposit currently making near zero return but a large portion of financially conservative retiree’s holdings.
I have to admit that over many decades my best asset buy / sell profits happen in times of high inflation. Inflation seems to make the economy “hum”. A different view I know.
All by design, non of this is accidental. Just like 8 billion in Covid relief money being used to help low income families pay winter utility bills. This is all about making the haves, a have not.
No accidents with the destroy our nation Administration, just destruction and pain.
Went to the liquor store today and was shocked at the empty shelves-got the last bottle of Talisker, Hendricks and McCallan 12 – amazingly the cheap stuff is still well-stocked-I guess the good stuff is probably sitting offshore in one of those tankers which are being kept at bay further and further out to sea-
BocepherusRex: I, too, have found that better single malts have been out of stock for some time, now, or, go in and out of stock very quickly.
The good stuff is on auto-ship to the US Capital building.
Went to the grocery store today. Bought 2 lbs of grapes, 1 gallon of OJ and a small bottle of ground sage. $19.60. Nothing special. Store brands. I normally don’t pay too much attention to grocery store prices, but that even got my attention.
What were the individual prices and where are you located? Is it the OJ?
I went to the grocery store today. Beyond the empty pasta and pet food sections, I can only say that folks looked to be in shock.
Perhaps its me, understanding what I’m seeing, but I saw a lot of slow shoppers; checking prices and being very selective. This compares to the norm of just grabbing what you need, not worrying about price.
IMO, the total price is not the issue, but rather seeing a huge jump in the price of each item. Coffee is up 20% in 2 months.
It’s the Communist economic death spiral, all by design.
The oil barrel price jumped over $3 today. Over $81 now. That’s going to hurt.
You ain’t seen nothin’ yet.
One cannot deny our politicians and their families get wealthier as they sell influence to foreign countries and other interests and take on policies which harm Americans while lining their pockets.
It’s got to stop by people talking about Pelosi buying a 2nd home for $25 million in Florida.
In what country is this not a front page story?
I am a disabled veteran on a fixed income (low budget). I received a letter today stating that my property taxes were going up by just over twenty per cent. They provided a telephone number to call if I disagree, so I called. I told them that my house is another year older, no repairs or upgrades (actually in worse shape), and the neighborhood is overrun with drug addicts walking around houses and properties at 3:00 a.m. and stealing whatever they want. Their reply: Tough luck, Charlie. The raise is across the board county-wide.
Marxists and fascists have been slowly taking over county commissions. Think global. Act local.
An essential element of Agenda 2030/2050 is to force us out of our homes and into mass transit and high density housing. They also make sure our heirs cannot afford them either. Rural, farming, and manufacturing have been under assault for decades using trade and other programs. Now they are going after the working middle class homeowners, suburbs and bedroom communities.
It is done through gradual increases in assessed property values and tax rates. Insurance premiums follow of course, as will electricity, gas and water.
my new thing is cursing at Democrats out loud while shopping
when something is missing or high priced
I don’t care who is in earshot (except the kids )
turned a few heads today! lol
I’ll admit I let out an inadvertent Lesco Brandon in my local solid-blue-area grocery store a few days ago, after being informed that there were no raspberries – even though sundance himself warned us that the raspberries were rotting on the L.A. docks, so I should have known.
I am normally not quite that bold but something is changing. I did get dirty looks. And I even used the polite version!
Im about to start asking people why they’re wearing masks, to protect me? Im not wearing one so I’m not protecting you, but thanks for worrying about me 😂😂😂😂😂
I just can’t take seeing people wearing masks anymore, especially the old ladies wearing clear face shields (hint: you’re prob making it worse by capturing any virus between the face shield and your eyes, nose and mouth 😂), as well as lose fitting N95 – guess people don’t realize you need to be fit tested 😂
Me: Only the Government prints money and sets monetary policy- only the Government causes inflation. Joey Diddles: “I DONT WORK FOR YOU!”
I went to the grocery store today. I’ve been shopping there weekly for 18 years. Today was the worst I have ever seen. Lots of empty shelves, one or two items pushed to the front to look like 10 behind. Large empty spaces where spring seasonal products would already be for the early birds. Nothing. This is Meijers, SW suburbs of Chicago.
Sundance said not to mistake empty-on-Sunday shelves, or ones hit by a bout of bad local weather, for authentic supply chain issues.
So I am still mentally weighing the devastated shelves I saw on Sunday in blueMA based on that. We did get one perfectly normal (madly hyped by media) snowfall and afterwards a perfectly normal deep temperature dip (even more madly hyped by the media) this week.
Tomorrow may tell the real tale – Market Basket people told me that’s the day they get stocked.
I really don’t think the Dems — and the Deep State — thought about where all the spending and fossil fuel would get them. They all just know the narrative, the Build Back Better rubbish from WEF and Klaus Schwab, and repeat their lines.
But they know how to call their opponents racist-sexist-homophobes. Learned it in grade school.
And they know that you gotta have a crisis if you want to push your agenda.
Food b1tch, gas b1tch, heating oil b1tch, building supplies b1tch, it s all up i bet december is 9 per cent , only because double digit inflation will start riots
The infanticidal, Marxist Scamdemocrats are masters of euphemisms. Their spin on Beijing Biden’s debacle will be a classic.
Not to be outdone by December, my PNW trucking company is locking in price increases of 6% to 10% over Q1 and Q2.
And we’ve told our customers we could possibly be sticking them with another 10% or whatever increase by the start of Q3. This cost is going to get rolled into paper, lumber and wood products.
All companies are going to both start to experience it and contribute to it.
This inflation will be off the charts, just in time for the mid-terms.
The tentative rates are getting locked in, there’s really no slowing it down, for who knows how long.
Joe Biden and Democrat politicians will economically destroy the USA.
Inflation will destroy the buying power of the Middle & Lower Class.
You know inflation is bad when the Dollar Tree goes up to $1.50