Fatty steaks?
Posted on 10/26/2021 4:01:48 PM PDT by Impala64ssa
Leftist Twitter CEO Jack Dorsey warned late on Friday that “hyperinflation” would change life as people know it, it’s happening now, and it’s going to hit the U.S.
“Hyperinflation is going to change everything. It’s happening,” Dorsey wrote on Twitter, later adding, “It will happen in the U.S. soon, and so the world.”
Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy,” Investopedia explained. “While inflation is a measure of the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month.”
CNBC reported:
The tweet comes with consumer price inflation running near a 30-year high in the U.S. and growing concern that the problem could be worse that policymakers have anticipated.
On Friday, Federal Reserve Chairman Jerome Powell acknowledged that inflation pressures “are likely to last longer than previously expected,” noting that they could run “well into next year.” The central bank leader added that he expects the Fed soon to begin pulling back on the extraordinary measures it has provided to help the economy that critics say have stoked the inflation run.
A report from Bloomberg News last month said that one of the top concerns that clients of UBS Group AG have is “whether central banks’ massive stimulus could trigger hyperinflation.”
Former McDonald’s USA CEO Ed Rensi told FOX Business this week that Democrat President Joe Biden’s policies were “dramatically” impacting the supply chain crisis and inflation.
“I first experienced this back during the 70s, up into the 80s when we had stagflation, where prices of fuel [were] going up like crazy,” he said. “Transportation was limited. Distribution was limited. We had to raise prices. We had to address our opening and closing schedules in restaurants modified to menus, and we’re going through it again.”
“It’s been exacerbated clearly by COVID. But it’s also been impacted dramatically by the policy changes that President Biden made even before he was inaugurated,” Rensi added. “When he said he’s going to shut down oil, shut down the pipelines, move away from fossil fuel.”
Biden’s approval rating has plummeted in recent months as inflation has continued to skyrocket under his watch.
Larry Summers, who served as Treasury Secretary under former President Bill Clinton and director of the National Economic Council under former President Barack Obama, warned this month that inflation is “worse” than expected.
“Well, I think we now have a gathering storm of inflation,” he continued. “And we’re likely to see some combination of that storm coming to fruition, or the central bank being forced to act to contain inflation with potentially serious financial consequences, or some combination of those two things. We’ve had labor market inflation wages at a seven and a half percent rate in the last month, we’ve had consumer price inflation close to a 6% rate over the last six months. We’ve had houses causing price inflation at over 20% over the last year, and almost none of that has yet been reflected in the price indices. I think they’re very serious reasons for concern
Inflation? Just checked my tires and they’re doing fine.
WHO or WHAT is controlling our government?
Inflation? Just checked my tires and they’re doing fine.
***********
Just wait until you have to replace them.
WHO or WHAT is controlling our government?
**************
Obama and his coterie are running the government.
Biden is so out of it he doesn’t know Obama is in complete control of his administration.
I made a quick trip to local supermarket this afternoon. I buy pasture -raised eggs that are always pricier than others, but today everything was up over yesterday’s prices. Fellow customers were complaining.
For some, this is a big opportunity to lose weight. But I’m already small enough. Size 8 headed to size 6.
Veto!
(The girl)
I cannot understand how this is hidden in plain sight.
We here just guess at people (Obama operatives, Ron Klain....) but where are the insider whistleblowers writing the blockbuster bestsellers on the story?
Last four years there were even books on Pence (!!) being a secretive right wing power worse than Trump, as well as nonsense about Deplorables ready to take over the country due to “dog whistles” from Trump.
Where is the truth behind the true handlers of the dopey Biden?
I’m in grocery stores a lot and have watched prices rising (and quantities shrinking) since Biden has been in office.
Inflation is here in a big way. Protect yourself as best you can, particularly if you’re living on a fixed income. This is going to get worse and its going to be with us for awhile.
Soros, Gates, Scwabb, every Western leader and many CEOs of large corporations.
They all like china. They find China’s communism to be preferable to a bunch of free people.
They find China’s communism to be preferable to a bunch of free people.
***************
Free people are viewed as a threat because (1) they refuse to be subservient to a tyrannical regime and (2) they still have the right to criticize those in power.
The elites only care about one thing: CONTROL. They are absolutely intent on imposing their kleptocracy on us.
Funny thing is pictures of "local welfare mothers march and demand more money to feed their children" or "BLM speakers say white racism led to homeless families under Trump" show overweight people in almost every picture. Some that envy Stacey Abrams her clothes size.
Now that all of us are going to be poor due to inflation, we will afford pasta, rice and bulk potatoes more easily than cod or salmon filets and lean steaks with nice salads. Or maybe boxes of Ramen Noodles and macaroni and cheese.
I buy only California olive oil as foreign suppliers often dilute their olive oil with canola oil. Anyway...
Price of 16.9 oz. California olive oil in January: $9.99
Price of 16.9 oz. California olive oil now: $12.99
That January price had not changed for many years. Then came Brandon.
I remember Carter’s inflation back in the 1970s. A few years later unions tried to blame it on Reagan, but the inflation happened before Reagan, during the Arab Oil Embargo.
... lean steaks with nice salads.
“Inflation? Just checked my tires and they’re doing fine.
***********
Just wait until you have to replace them.”
Of course, you will actually need to FIND new tires first.
You’re right.
Cosco rotisserie chicken is still $4.99. We’re going to get several from now on.
“Leftist Twitter CEO Jack Dorsey warned late on Friday that “hyperinflation” would change life as people know it, it’s happening now, and it’s going to hit the U.S.”
Well, thank you for rescuing the country from mean tweets by the bad orange man, Jack.
Fatty steaks?
Those welfare mothers eat total crap food, full of sugar and starch, and feed it to their kids too. Bad for body, mind, spirit.
Remember at the beginning of the “pandemic,” most people who died were black city dwellers. I believe because so many of them were smokers and because they all eat that a crappy food. Immune systems shot.
Power went off in out city for over a week a few years ago, ALL local supers closed. Had to buy some cereal from drug store a few miles away. Was appalled at how sugary all that stuff is that people eat and raise their kids on. Tasted terrible.
I do not eat wheat or sugar. Potatoes yes, but they should be organic. Rice is OK but takes some cooking time. Quinoa is OK, cheap in bulk, but you have to soak it a long time to make it edible. I hate to cook. I have some wheat-free pasta made from beans, but it’s very expensive and I don’t really like it. Going to pop some in homemade chicken soup tonight with potatoes, veggies, and organic chicken bone broth you can get at Walmart or Fred Meyer (Kroger).
Just going to continue to eat pasture-raised beef and chicken a few times a week, Amy’s Bean Burgers, which taste fine but are $$$ too, and a few other vegetarian main-course “meats.” I steam organic veggies of all kinds. They taste great to me as is, and sometimes pour a little “Soyaki” on them from Trader Joe.
Stay healthy, my friend, and keep smiling. Don’t let the b@stards get you down.
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