Posted on 03/12/2021 9:01:29 AM PST by Roman_War_Criminal
End Times Ping
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Maranatha!
We’ll own nothing, and we’ll be happy.
And the media will say, “Wow! Trump sure left a mess, didn’t he?”
The enemies of We The People will have their Cloward-Piven strategy implemented one way or another.
Our electric almost doubled last month. Cable was jacked up $30 so we dropped down a tier but will still be paying more than before. Grocery prices are waaaay up since a year ago. Gas is up - ok, all prices are up everywhere on everything. Property taxes were up the usual 10% so that’s what the feel good covid checks went to. It won’t feel good when the gov. is broke and we get the privilege to write them bigger April 15 checks.
This guy is a notorious doomer and gloomer, but I’m sure he will be correct this time around.
The perfect storm is occurring. The “Gimmie dats” have figured out how to steal elections and the generation behind us “Boomers” isn’t as well prepared to recognize that the government is the biggest threat we now face.
Well, nothing I disagree with there. I’ve been saying my tag line since last summer.
But the government says inflation is only 2%.
“Our electric almost doubled last month”
Since you are from Texas I’m fairly sure that is due to the 5 degree weather you experienced in February versus your normal 60-70 degree temps.
I’d like to know where that $18T M1 number came from because that is not in the current report.
Notice your grocery packaging next time you shop.
The price is relatively the same, but the amount they provide is less - sometimes much less. Cereal, candy, cookies, coffee, canned goods etc.
That said, there are massive delays in getting wood, glass, metal, steel, and other commodities.
Lead times are over 3 months in some cases. These are signs of a struggling economy.
Never mind. FRED is reporting it.
The dollar has held up well since the election. I’m just hoping it holds up long enough for me to get my money out of the country, while I do the same. It’s going to be close.
One article I read mentioned that we didn’t see runaway inflation due to QE back in 2008 and 2009 because it was not given to average americans. It was given to investors. And that is when the stock market skyrocketed, decoupling from the economy itself.
This time they are raining down trillions on people that will spend the money. Inflation can’t be stopped.
It’s good to get your durable goods NOW. I’ve been holding off on building the new shelves in my new shop because the OSB went from $8 to $32. I’m biting the bullet on the increased price of 2x4’s, but I’m using different materials for the actual shelves. No more OSB.
May 2020 the Fed changed the definition of M1 to include other instruments. That actual value DID NOT go from $4T to $18T overnight.
My rate went up by 12% to 9 cents per kwh, which still isn’t bad, since my prior renewal at 8 cents was 3 years ago.
But I agree with the premise, that once people around the world realize that China is now king of the hill, our dollar will have to compete on its merits, and that will be a huge dive for it.
BOHICA!
The Democrats are back in power.
Lyndon Johnson’s GREAT SOCIETY has faltered.
Lyndon Johnson’s WAR ON POVERTY has been lost.
Lyndon Johnson’s removal of Silver(And FDR’s removal of Gold) has destroyed he soundness of the US Dollar, once a world standard.
No worries, you’ll get a COLA increase of 1.23%? All utilities raised, lease raised, food and gad....means I’m less about $150 per month not including medical.
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