Posted on 02/11/2022 4:28:10 PM PST by RandFan
Inflation is caused by the Fed counterfeiting dollars. No counterfeiter, No inflation.
This "system" is unconstitutional and a recipe for severe economic disaster. Money must be sound and counterfeiting must never be legal for anyone. The sooner we adopt sound money, the better. To continue to delay is to continue to recklessly play with fire.
Rumble...
(Excerpt) Read more at rumble.com ...
He is a wise man.
(30 mins long).
Funny we don’t see people wearing Build Back Better caps.
They could try Suicide
THAT is a very good point.
I’ve been out of town since last July 1. I went to get the car washed today and the price is $40! This is Sunnyvale, California. The last time I splurged on a wash (about a year ago), it was $30.
I drove out and will do it myself. Prices are utterly ridiculous all over the place.
PG&E wrote to me this week and said their natural gas prices are up 95% in one year. NINETY FIVE PERCENT.
I hope people remember their happiness when they go those “free money” $1,200 stimulus checks when they start paying $3,000 to $5,000 more a year for basic necessities. And we will be paying that forever. It’s not a “transitory” inflation spike with prices settling back to they were. These price hikes are permanent and are going to get worse.
Feds probably have a warehouse of old WIN buttons they could pass out
Prices were up, I would estimate about 20-40 percent on very many items.
Luckily where I live, the shelves are not "bare" yet; however the number of items from which to select is definitely lower.
What to do?
Elect a Conservative President and Congress.
(I'm leaning toward DeSantis.)
Last week a 13 lb spiral ham was selling at Shop Rite for $80.51. Rate it is going I’m going to have to take out a loan for Easter Dinner.
My neighbor is getting a well drilled. I asked the driller how much it costs. We’re in a major Florida water shed. There’s usually good water anywhere from twenty to fifty feet down. A typical well is drilled down to seventy-five feet. The usual cost pre-Biden was anywhere from $2800 to 3200. He told me $7500-9000.
The FED knows what to do and has been quietly tightening already.
Laughable.
Interest rates need to go way up and they’re talking 0.25 or 0.5%
That won’t do anything.
Remember Volcker raised them to 15-20% in the 80’s
Laugh all you like. There’s more to tightening than raising interest rates. It’s already going on behind the scenes. Everybody loves to hate the FED, but the FED is the only reason we still have a functioning economy. People expect the FED to do what it cannot and then berates it for not doing it. This situation is only partly like Carter, which I lived through. It will be over much faster than that bout of inflation.
So you think raising rates to 0.25% from 0% is going to tame 7.5%+ inflation?
It won’t do anything
They need to jack rates up like Paul Volcker did
Our gasoline went up 15 cents over night. The dollar tree is charging 1.25 for everything. Dollar items on fast food menus in our area changed in the past two days. At least they still serve senior coffee but that price will probably go up as well. Our family has ordered from Schwan’s for years and years. I took a look at what I was paying for sausage links I dearly love (and so does my 14 year old beagle). 60 cents a link! I had a chat about it on-line and of course they had the standard “costs to provide have risen”. I won’t even touch on the big ticket items, the fertilizer crisis for farmers, etc. etc. etc.
They ABSOLUTELY know what to do: complete the Keystone pipeline, open up leases on Federal lands for drilling, enable offshore drilling, etc. Problem? THAT DON’T WANT TO PISS OFF THE RADICAL LEFT. That is why there is inflation.
he and Ross were 100% right. but we just couldn’t get anyone in the uniparty to listen to us.
Sure! Send out more checks to everyone: like the $3500 ones that went out how many times last year. That had nothing to do with it did it?
Didn’t Mello Yellen say that was good?
Biden’s “Wear a sweater and inflate your tires” speech will start soon.
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