Posted on 11/12/2021 3:32:19 AM PST by RandFan
Peter Schiff discusses soaring producer prices and how that will have a compounding impact on consumer prices in 2022
(Excerpt) Read more at youtube.com ...
Also, the 'infrastructure' bill and "Build Back Better "both will pass in some form which will make things worse.
Four years starts to look impossibly long.
Better? The inflated prices from the 1970’s never went away.
>>He says inflation is going to get a lot worse due to companies now waking up and having to pass the costs on to consumers next year.
And more importantly imo, companies taking advantage of reported inflation to jack up prices well beyond what is needed to account for inflation in order to maximize revenue.
Don’t let a good crisis goto waste.
Money supply increased by 32%
Don’t think it is going to end.
Companies will hike prices beyond what is necessary today to factor in expected future expected cost increases. By trying to “get ahead” of inflation, they will accelerate it.
Correct—this is what the “experts” always miss.
This is an emotional response by human beings—nobody wants to be stuck holding dollars that are rapidly decreasing in value.
This increases the velocity of money which increases inflation with further increases the velocity which further increases inflation.
Then government blames “irrational” businesses for the price increases and starts putting in price controls in different sectors.
We have seen it all before...
P.S. Price controls cause shortages, which means rationing will follow.
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Inflation is like a fire—a few embers is no big deal, unless it is in a dry forest.
YES! I knew something bad was going to happen when a local small businessman told me earlier this year that his company had received $500,000 in stimulus funds from the treasury that he didn't need and wasn't sure what to do with it.
At least there is a likelihood that some of the brain donors who voted for democrats will wise up.
Hasn’t he been predicting massive inflation for the past decade or 2?
That’s called capitalism. What the market will bear.
Wouldn’t he have to apply for an amount that large?
>>That’s called capitalism. What the market will bear.
Using the excuse of inflation, to make inflation worse.
Mene
Refinancing to 2.88% now. Lock in that cheap money now.
All Economic Hell is about to break loose. It really is. This is all so sad and actually didn’t have to happen.
We’ll be Venezuela before the next Presidential election rolls around.
In an inflationary market actual price/market discovery is _very_ difficult since things are moving so quickly.
Businesses are forced to test the market with high prices to see what it will bear _at_ _that_ _moment_, and be ready to move prices up or down in a hurry as needed.
This means business planning becomes impossible.
When business planning becomes impossible only fools make long term (capital) investments.
That is why inflation can easily turn into stagflation.
All the pissing and moaning and this whole political thing has stared everyone in the face for years.
The NazicRAT party has been following the example of the Germans to a tee.
They have the healthcare, they have the education system, they have the brownshirts, they are systemically trying to kill the elder-already are doing it to the unborn. They just about have sowed up the military. They have the economic system tied up through, just like the nazis did, the take over and cooperation of big business. They have the biggest and best propaganda machine ever, which Goebels would be green with envy.
Now they will squeeze the financial system even more than they already have.
The only thing the do not have...is the firearms.
Question is..when do those firearms come into play to put a stop to this?
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