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FTA: I pray we are not heading towards such an inflationary spike. But the Federal Government is lying to you about the actual inflation rate. You are being told it is only 5.3% right now. Yet this calculation excludes food and fuel. Do you think those are not worthy of consideration in determining the inflation rate? Take gas as a telling example. The price of gas has gone up roughly 68% in the last year. That ain’t 5.3%. You are seeing a similar jump in food. Beef is up over 30%.

Here's the article about the inflationary period of the 70s. https://www.investopedia.com/articles/economics/09/1970s-great-inflation.asp

KEY TAKEAWAYS:

--Periods of rapid inflation occur when the prices of goods and services in an economy suddenly rise, eroding the purchasing power of savings. --The 1970s saw some of the highest rates of inflation in the United States in recent history, with interest rates rising in turn to nearly 20%. --Central bank policy, the abandonment of the gold window, Keynesian economic policy, and market psychology all contributed to this decade of high inflation.

FTA: I pray we are not heading towards such an inflationary spike. But the Federal Government is lying to you about the actual inflation rate. You are being told it is only 5.3% right now. Yet this calculation excludes food and fuel. Do you think those are not worthy of consideration in determining the inflation rate? Take gas as a telling example. The price of gas has gone up roughly 68% in the last year. That ain’t 5.3%. You are seeing a similar jump in food. Beef is up over 30%. Here's the article about the inflationary period of the 70s. https://www.investopedia.com/articles/economics/09/1970s-great-inflation.asp KEY TAKEAWAYS: --Periods of rapid inflation occur when the prices of goods and services in an economy suddenly rise, eroding the purchasing power of savings. --The 1970s saw some of the highest rates of inflation in the United States in recent history, with interest rates rising in turn to nearly 20%. --Central bank policy, the abandonment of the gold window, Keynesian economic policy, and market psychology all contributed to this decade of high inflation.

(post is archived)

[–] • 5 pts (edited )

I had the misfortune of living in Argentina in 1984 during an incredible hyperinflation period. The inflation raged at 1,000% annually. Prices of food and fuel and everything else surged during the day. If you bought an apple in the morning for 50 cents, you would pay 75 cents in the afternoon.

Just to make a mathematical point: At 1,000% inflation it would take 64 days for the price of a 50-cent apple to rise to 75 cents.

You are being told it is only 5.3% right now. Yet this calculation excludes food and fuel. Do you think those are not worthy of consideration in determining the inflation rate? Take gas as a telling example. The price of gas has gone up roughly 68% in the last year. That ain’t 5.3%. You are seeing a similar jump in food. Beef is up over 30%.

So is chicken and pork. They are trying to starve us out. They're crippling supply lines to cut us off from outside goods and using inflation and "covid policy" to cut us off from domestic products. The communists have always wanted to do this, but no one would stand for it. Covid gave them the cover they need and they're running with it.

[–] • 2 pts

I do not know how high the real rate of inflation will go, but I do know that Joe Biden and his team are totally incompetent.

Assuming this isn't intentional.

[–] • 1 pt

I think it's intentional, the way to steal savings from the middle class to pay for the US Debt and sweep under the rug the trillions in fake infrastructure (communist programs) spending that they want to do this time.

[–] • 1 pt

I don't believe they care about paying for the debt. They want to destroy the country and economy. When everyone is desperate, they will pitch some globalist communism solution. People will be so broken by then, they will accept it.

[–] • 1 pt

Inflation isn't so much the problem. The problem is more about black budgets. Sure, printing is used to siphon wealth (and it's don't well), but the real issue is large portions of funds suddenly missing and no explanation being made for it. Between the money laundering being done, the lack of transparency and no way for a citizen to ever be able to take or inspire judicial action against these deeds, this is the most prominent complication with USD. Siphoning away wealth by inflating isn't good, but currencies do need to scale to meet demands, so inflation isn't all bad. But that's leaving out asking if we're past the point it's useful (I wouldn't argue there).

[–] • 1 pt

DUMBs exist.

Government does not represent you, it only cares about continuity of government.

For all we know, legit asteroid could be inevitable and all that wealth is needed to build those massive underground cities to keep the globahomo elites living live of luxury during the apocalypse.

[–] • 0 pt

Well done. You're catching on. The idea is to take wealth away from proles whilst they build their escape hatch and punish us for asking what they're building. Therefore, the real aim should be to rescind that capability of our captors by no longer agreeing to their terms, which is the only thing that keeps us locked in the slave box.

[–] • 0 pt

I see numerous superior alternatives.

[–] • 1 pt (edited )

Government data is alway fake data: unemployment, inflation, GDP, debt, global warming, "cases", and so on.

There is a concept called that prevents people from seeing abnormalities occurring. I've seen this for years and have been gradually preparing for it. I've already stockpiled enough food for 8 months or so. I keep under $2,000 in my bank and the rest in cash.

[–] • 0 pt (edited )

I remember paying 10 cents to go to the movies.

Wages have been falling behind ever since.

This inflation is not the same as that inflation. That inflation was caused by a long term 100% increase in the price of oil called OPEC.

This inflation is caused by some easy money giveaways, and some supply logistics disruption. The thing about the giveaways is they mostly just offset the wages lost due to the lock downs, and are not actually an increase in average income. For those who have gained income, there are many others who have lost. These giveaways are not designed to enrich, or even become some universal income. They are only there to prevent the system from crashing, temporarily.

Meanwhile - for those who are paying attention, the Asian housing market is now imploding and several of the largest Chinese housing developers have just been wiped out. That contagion is rapidly spreading as the Chinese central bank has refused to bail them out.

So, rather than run away inflation, which we seem to have right now, we could in fact be looking at a greater global depression. A global housing market collapse - with the destruction of many trillions of dollars worth of home equity - forced bank mergers, etc. 2008 on steroids.

Get your money out of the bank. NOW.

Before they pull a Greece and freeze withdrawals.

.

[+] [deleted] • 1 pt
[–] • 1 pt

Unfortunately, I can't even pay rent with cash much less anything else where I live. I can't afford to take my money out of the banks.

[–] • 0 pt

You should move.

I did, several hours out, all the way out to the urban fringe, beside the farmers. Bed and breakfast, tourist country.

I'm buying excellent organic food directly from local farmers now and cutting out the middleman.

Clean air, clean water, no traffic jams. Quiet, peaceful, and safe for now. Very low stress indeed.

There's plenty of available work here, and rent is cheap.

A place to build families.

I'm planting my own garden for extra food security.

I'm trying to get my friends and relatives out of the city too.

But they don't see the danger I see.

[–] • 1 pt

But they don't see the danger I see.

Then they simply are not deserving to survive whats coming.

[–] • 0 pt

Most people dont have money, and wont even notice when all the tax rebates and free cash come out. Most people dont have 500$ in savings, and are hardly gonna notice things getting more expensive when Biden issues 5000$/month stimulus checks

[–] • 0 pt

I would say that maybe this will lead to a housing bubble burst and then I can afford to buy a home. But my credit score went to shit because some scumbag stole my wallet and now I have some identity theft shit going on.

[–] • 0 pt

Part of me wonders if this will be the time they try to introduce the "Amero" replacement currency. I believe that was the goal of the 2008 crash and it didn't happen for whatever reason. I suspect Mexico wanted no part of it. Remember when Dubya the Inbred signed that agreement (forgot what it was, I'll research and post back shortly) between Canada and Mexico? He had done that like a year before the 2008 crash.