Posted on 05/06/2021 3:02:19 PM PDT by Roman_War_Criminal
OK, that graphic was funny. :-)
Tens of millions will lose their homes because of property taxes.
If you have a job and can keep up with the “wage / price spiral,” good. But those of us on fixed income are royally screwed. My wife retires in 7 weeks. I retired three years ago. What a damned time to retire.
Invest in commodities?
You had better hope that people aren’t trying to eat and hunt them from all over the place, because you will run out fast if they do.
That’s over a span of 65 years.
Works out to in the neighborhood of 6.5%-ish ACGR, if I didn’t mistype something.
“According to the USDA, the poorest households spent an average of 36 percent of their disposable personal incomes on food in 2019… As their incomes rise, households spend more money on food, but it represents a smaller overall budget share. In 2019, households in the lowest income quintile spent an average of $4,400 on food (representing 36.0 percent of income), while households in the highest income quintile spent an average of $13,987 on food (representing 8.0 percent of income) “
”As I noted above, the price of corn has increased 142 percent since this time last year… Corn prices have jumped roughly 142% over the past year to $7.56 per bushel,
the highest price seen in eight years for the crop.
A drought in Brazil and increased demand in China have put pressure on global suppliers. “
“In other areas, we are seeing more moderate inflation, but overall we just witnessed the largest increase in food inflation “in almost nine years”…
The average prices in March of 2021 for pork chops and chicken breasts are both up more than 10% compared to March of 2020.
Eggs and cheddar cheese are both up 6%.
Looking at all consumer goods as a whole, the latest inflation data in the Consumer Price Index from the U.S. Bureau of Labor Statistics shows the largest month-to-month increase in almost nine years.”
“ Boston Federal Reserve President Eric Rosengren in an interview with MarketWatch on Wednesday dismissed talk of scaling back asset purchases as premature,
and said temporary factors pushing up inflation this spring won’t last.
“My view is that this acceleration in the rate of price increases is likely to prove temporary,” Rosengren said Wednesday.
Do you believe him? I don’t. “
Meanwhile, you see the commercials about millions going to bed hungry every night, then head to the ‘hood and see all the poor people are 30% overweight including many of the “starving” children.
Keep telling yourself that. Take a look at Weimar Germany inflation. Note that the Y Axis is a LOGARITHMIC scale, not a linear scale. Look closely at the time required for each 10X jump in inflation. When you see an exponential curve on a log scale, you know you are in bad territory.
It is very easy for government to lose complete control of this situation. They have created close to TEN TRILLION out of thin air.
Our little town in Idaho just proposed a SEVEN TIMES increase in their component of the county property taxes. When the city council was asked about it, they said there was a “typo” on the ballot and to vote “No.”
A typo is when “he” become “she” or “they” becomes “their.” The sample ballot had a detailed description complete with sample numbers.
“Typo” my ass. People think they were tying to sneak it by in the off-season election when people don’t turn out and aren’t paying as much attention.
I don’t disagree that the US has created what may be a national debt that will kill us eventually, but not until and unless some other currency overtakes the dollar in the world market.
Regarding your chart, it is missing demarcations on the y-axis, so I can’t see how it’s useful.
If you do the research on the break-out of costs for a typical loaf of bread, only about 5% of it is the wheat flour. So if that 5% goes up 40% the cost of the loaf of bread is only affected by about 1%.
We'll make ends meet while a lot of people suffer. The smarter among us will survive. The people who take personal responsibility will get survive. The rest might just wake up like they did when Carter was president. I can literally imagine Trump or some MAGA presidential candidate winning 49 or 50 states in 2024, sort of like when Reagan won. (And I only had one drink before writing that.)
That’s how I interpreted what you said - 40% of a “typical” household budget.
Although I’m not quite sure what “typical” will mean in a year, or even now!
I am sure that the data will be massaged or ignored to make the democrat maladministration look gook though!
Hmmmm. Maladministration... sounds like Kamaladministration.
That just rolls off the tongue!
Don't forget a bottle of Three Buck Chuck.
Runnings has canning jars, as does Wal-Mart and WM is a buck a case cheaper, only $11.something per case of wide mouth quarts, which is the best price I have seen yet.
Lids are harder to find so get them when you find them.
Trump won in a landslide this time but got cheated...nothing will change in 2024 so long as dems count votes
Trump is the only guy that can fix it. He’s got 3.5 years left.
Depends on if McDs is your one hamburger a month.
How does that work? Did they start taxing people on the value of farm product they were using as payment for something, or barter?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.