Posted on 04/12/2022 5:36:20 AM PDT by blam
We keep an eye on the used car dealerships in our area, and the prices are outrageous.
Cars are going for twice what they are usually worth............
The Federal Reserve is intended to provide central control of the monetary system in order to alleviate financial crises.
But we’ve had well over 100 years of serious, constant inflation. Plus the Great Depression, which was a deflationary period. And things got crazy in the 70s under Carter. And 2007 was bad. And now this with Biden. We have serious oscillations in our money and it’s not clear to me that anyone is “alleviating financial crises”.
But, as a private corporation that is allowed to play with our nation’s money, I think the Federal Reserve Board is managing to enrich its members, so it’s all good.
We may indeed have a “breather”, as the author writes. But I believe the geopolitical situation will continue to degrade, and local, national, and global political instability will increase. Therefore I am not letting up on my preparedness one bit. Especially if things are going to be a little bit cheaper.
Perishable foods rot before they even get space on the store shelves.
Yeah. WHEW! That is a relief. Now with jab deaths on the uptick we can have the lower population, reduced carbon our betters have been dreaming about. Time for a GREAT RESET~ or not.
All they need to do is ease up on printing money, and get off people’s backs. How do we make that happen?
Supply eventually adjusts to demand. The demand goes away (because of what is perceived to be excessive price), and the supply piles up to unsustainable levels. In response, to get rid of excessive inventory, the holders of this inventory will reduce prices, sometimes at and often below cost of acquisition, regardless of loss, until the market again finds its own level.
Entirely predictable, yet people are always surprised when it happens. There will be blood on the floor.
There is another supply shock coming in the next couple of months. Major ports in China are “open” but many port workers are either quarantined, or they are not going to work because they fear being “caught” in places like Shanghai.
Inventories might grow now...but later in the summer we will be facing the same mess we saw last year. This will cause inflation to “stick around” for a while on a retail level.
If we do not get a handle on the energy costs, this is going to compound in July/August.
When the new-car pipeline is severely hampered by part shortages you’ll get this.
Supply ↓ Price ↑
Supply ↑ Price ↓ .....................
It's part of the government.
https://www.stlouisfed.org/in-plain-english/who-owns-the-federal-reserve-banks
“The Federal Reserve Banks are not a part of the federal government, but they exist because of an act of Congress. Their purpose is to serve the public. So is the Fed private or public?
The answer is both. While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations.”
I may not have chosen precisely correct wording in my original post, but I think the public perceives the Federal Reserve Banks to be as “public” as the US Army, Treasury Department, or National Parks. In fact, they are in a shadow world and could be seen as private corporations.
To me, this sort of thing is the essence of the fascist system we now live under — is it government? Is it private business? Well, both. Neither. Doesn’t matter. Sort of the same thing. That’s how “We The People” get cut out of the deal.
Try the Class 8 truck market.
https://www.truckpaper.com/listings/trucks/for-sale/list/category/210/heavy-duty-trucks-conventional-trucks-w-sleeper/manufacturer/peterbilt/model/389?sortorder=9&SCF=False
$250,000+ for 2023 (Hope you don’t need one soon)
Who pays for that? You do.
Yes, we have a Dodge industrial truck dealership here. Big heavy duty trucks for all uses, dualies, construction, fifth wheels, etc. The prices are astronomical........
The Federal Reserve is intended to transfer wealth from the population to the rich. The IRS is its enforcement arm. That is why the Federal Reserve was created in the middle of the night on Jekyll Island.
The Federal Reserve acts in the self interest of the Central banking system. We are simply enslaved in the system. High interest rates never benefit the middle and lower class.
Fortunately the Fed will soon be gone.
The Federal Reserve was created so that central bankers would make monetary policy and not Congress (the constitutionally responsible branch). Unfortunately, the Congress doesn’t do much of anything these days except enrich their members. I don’t see them taking back authority over monetary policy when they won’t even declare war or pass a real budget.
> I guess everything is okay now.
Yeah, it was “transitory”, but the prices will never come down again. We’re on a new permanently high plateau.
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