Are You Prepared For The Mass Repricing Of Goods And Services?

Zubu Brothers ^ | 10-17-2021 | MN Gordon via EconomicPrism.com

[Leaning Right]

> This admission comes with assurances the Fed will properly manage it. <

As the author noted, that assurance is fiction. At one time the Fed looked after the economy. Now the Fed is political. They’ll do what’s best for the Deep State.

Bad times are a’coming.

[bgill]

How can you prepare? Some items have already doubled and tripled in price. Has your boss compensated your paycheck for this? Mine hasn’t.

[mewzilla]

LOL.

I lived through the 70s.

Yup.

[JoSixChip]

It’s unbelievable that they haven’t raised interest rates. It a dereliction of duty and is causing irreversible harm. But that the goal of this entire government, to create irreversible harm. There is no other way to describe what is happening.

[sockmonkey]

*** I lived through the 70s. ***

I remember eating horse meat back then as it was cheaper than beef.

[mewzilla]

You’ve likely got family and friends in the same boat.

Get together and have skull sessions.

Assess your wants, needs. Figure out what you can do for yourselves and each other, how you can money. Share ideas, tips, knowledge.

You’re not in this alone.

You don’t have to go it alone. :-)

[mewzilla]

It’s funny. The older I get, the better I get at adapting. Geezerhood is good for something, eh? 😄

[sockmonkey]

At HEB, the La Tienda tamales have gone up $3.00 a pkg since January. La Tienda is an HEB brand.

[mewzilla]

.. save money...possibly even make more.

[mylife]

they ran out of Genesee beer and there are no chicken wings..

damn you joe biden!!

[bankwalker]

our national debt is now so high that if interest rates are raised the USA will default on its interest payments ...

painted into a corner ...

[Night Hides Not]

I lived through the 70s, and remember them well.

I work with two young ladies, and last week I advised them to start filling their gas tanks when the level reaches half full.

They looked at me like I was crazy, so I asked them if they ever heard of the 72-73 oil embargo, the even/odd fuel buying, the lines, etc. LOL, they had no idea.

Yesterday, I bought strip steaks at Kroger. I was floored that the cost had risen to nearly $16 a pound. Looks like we're going to switch to chicken and lesser cuts of meat.

I love my Traeger grill, it will be a big help in preparing tasty food, even with lesser cuts. Looks like a good time to purchase a freezer, too.

[butlerweave]

We’ll wake up one morning and find out all freedom is gone and we are living in the New Green Deal

[gloryblaze]

It’s unbelievable that they haven’t raised interest rates....

That would be the final nail in the coffin.

[Dr. Sivana]

First, when everything is at a "ten year high", that means it was worse in the early Obama years. That includes oil.

Second, there is a LOT of discretion as to how much we pay for a lot of our stuff. Levi's are up 10%, but Dickies and Wrangler cotton pants/dungarees at the Walmart are priced really low in inflation adjusted dollars (not made here, but not in Red China last I checked either). The price of whole milk here is $2.69, while gasoline is $3.30. In the '70s the milk (where I lived) was $1.59 but the gasoline ranged from $.69 to $1.09 (regular leaded), and wages are up much more.

Medical products & services, schools and increased taxes have gone up much more than the rate of inflation. Some of that is discretionary, unless it is mandated and paid for by taxes, including government created inflation.

Those of us that remember the '70s know real inflation, especially in good cuts of meat. Industry has invented much better packaging methods to reduce some costs at the back end. False savings have been realized through off-shoring.

Personally, I would be willing to pay more for day-to-day goods to bring jobs and social stability home, and to reduce the temptation of sending our military all over the world to make IT stable. Donald Trump (and earlier Pat Buchanan) had been working along those lines.

We can live through ordinary inflation. We will have more trouble with surviving sabotage by people who don't want us to produce our own energy, or have a lot of jobs be modest skill/modest pay.

We will not survive a setting where we have to use the pronouns we are told to use, the roles of the sexes are inverted or destroyed, the natural bearing and raising of children is scorned, and Christianity and orthodox Judaism are labeled hateful.

[Leaning Right]

> It’s unbelievable that they haven’t raised interest rates. <

As we all know, federal spending is completely out of control. Any rise in interest rates would make it tougher for them to borrow and spend. We can’t have that!

I think the Deep State would actually prefer high inflation. Pay back borrowed money with inflated paper. What’s not to like?

Of course the average guy is gonna get pummeled. But the only person who cared about the average guy was Trump. And now he’s gone.

[Mr. Jeeves]

It’s unbelievable that they haven’t raised interest rates.

Unless they are planning to repudiate sovereign debt, they can’t raise interest rates. The debt service will eat the entire budget.

Inflation benefits so many power players that allowing fixed-income pensioners to go down the tubes is considered little more than a minor hiccup - especially since they have now learned how to evade any consequences at the ballot box.

[gloryblaze]

Yup....

Higher prices I can handle (not that I'd like it), but unavailability is another story.

[DJ MacWoW]

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