Posted on 05/08/2021 7:01:14 PM PDT by E. Pluribus Unum
The monster known as inflation has been unleashed upon the world and will not easily retreat into the night. This is reflected in soaring commodity and housing prices. Due to the stupid and self-serving policies of the Fed, we are about to experience a massive shift in the way we live. Bubbling up to the surface is also the recognition the Fed has played a major role in pushing inequality higher. This means that inflation is about to devour the purchasing power of our income and the savings of those that have worked hard and saved over the years.
Over the months we have watched Fed Chairman Jerome Powell time and time again cut rates and increase the Fed’s balance sheet. This has hurt savers, forced investors into risky investments in search of yield, damaged the dollar, encouraged politicians to spend like drunken sailors, and increased inequality. The greatest wealth transfer in history has already begun and the next crisis will only accelerate the process. Sadly, the same policies that dump huge money into larger businesses because it is an easier and faster way to bolster the economy give these concerns a huge advantage over their smaller competitors.
For decades the American people have watched their incomes lag behind the cost of living. To make matters worse, the official numbers of the so-called Consumer Price Index (CPI) have been rigged to understate inflation and not to reflect the true impact it was having on our lives. Want to know where the real cost of things is going, just look at the replacement cost from recent storms and natural disasters. Currently, the government understates inflation by using a formula based on the concept of a “constant level of satisfaction” that evolved during the first half of the 20th century in academia...
(Excerpt) Read more at americanconservativemovement.com ...
Thanks, Jao, “Jimmah Carter” Bye-Xi-Done...
As one of millions retired on a fixed income.....arrrgggghhh!
That filthy Dem takeover is going to destroy us.
Bill O’Reilly estimated food cost in grocery stores near him (Long Island) is roughly 25% higher than when Biden took the oath. Gas is roughly $1 a gallon higher than that day.
But if 52% or 59% of the stupid American public like Biden then I hope they wake up soon.
Don’t I know it! Ordered cat food on-line today. Up 30% over last month! Tripled my order, and ought to have gone for more. Maybe tomorrow.
In inflationary times, real goods are the hedge.
It’s getting bad...real quick. These leftist and globalist are insane!
My Social Security doesn’t start for a few months. Thanks to W’s crashed economy in 2008, I lost some years of income.
I’m just hoping to survive to get it coming in.
Any tips from you guys about signing up? I’m supposed to sign up in a few months. Thanks in advance.
But it’s transitory. Bwahahah.
“Any tips from you guys about signing up?”
Just Realize that the 1st check won’t be until the 2nd month, and it will be deposited on your birthday, and every month thereafter, it is not normally on the 1st unless it’s your birthday.
tip on finances....
Whatever you see me doing, do it the other way and you’ll be okay.
Best of luck to you in retirement. I was late doing it (age 72) due to pension year requirements at work.
Seriously, expect it’s all to going to be more expensive than you think. I was shocked at how the working version of Delta Dental and Blue Cross were so much better than the retired versions. Out of pocket a lot.
Again, my best wishes to you.
I don’t trust their polls; the same people said Biden would beat Trump by 22 points in Wisconsin the week before the election. Biden stole it by less than 1 point. I did see Treasury Secretary Janet Yellen (or who looks like a really, really old Yellen) yesterday who claims there is no inflation. Old Yellen, have you bought any building materials? Wood is up 300 percent, other types by not as much but by huge percentage increases. Go buy some food at the store, Old Yellen - you might be surprised. Go to the gas station - there are consequences for cancelling pipelines, banning offshore drilling and putting Alaskan production on hold. If you live in the real world, Old Yellen, you can’t claim you see no inflation.
It's pretty easy. Sign up about three months in advance. Make SURE you're on the official government website because you will be giving them PIN data as well as bank acct #s.
I resemble that remark.
What do you mean by ‘real goods’?
What do you mean by ‘real goods’?
Remember this nation suffered Jimmy Carter before we could get Ronald Reagan. So we’ll have to suffer Joe Biden before we could get Ron DeSantis in the White House.
Previous governments, they would take money out of the economy in order to control inflation. Biden Administration is printing money so that’s why it’s going up all of a sudden. Best thing for the federal reserve is to put on the brakes but no way they’ll do that. Gotta pay off all the supporters.
The U.S. unilaterally abrogated the agreement in August 1971, allowed the dollar to float in relation to the trading whims involving all paper currencies. When the Treasury in 1964 began producing dimes through dollars without silver, silver coins disappeared from circulation. Until about 1968 people could still trade their Federal Reserve notes for Silver Certificates and trade those for packets of silver from a Federal Reserve Bank. At this time the working careers of a single generation comprise the totality of comprehension for how the international community might function economically without currencies emerging from things people can touch and see.
We should never pretend that the people in charge have the vaguest idea they know what they are doing. God help us.
Food prices have sure gone up.
This was so easily predicted. If I could do it, and I did, then anyone could. At least any Freeper.
What I cannot explain is the current low interest rates. That is just crazy.
Remember this nation suffered Jimmy Carter before we could get Ronald Reagan. So we’ll have to suffer Joe Biden before we could get Ron DeSantis in the White House.
You’re joking, right?
We suffered EIGHT damaging years of 0bowmao’s reign.
People were sick of it and got out in droves, to vote in Pres Donald J Trump, putting a tempory stop to their next phase of destruction, starring Hildebeast.
After four years, and finding out that the Deep State was even deeper than ever imagined, 77 M++ people walked over broken glass (ilgnored the intimidation tactics of the demented left), and, voted him in, in a landslide, again.
Only, the election was stolen via a SCAM-Dem-ic that allowed lock downs, shuttering of THE best economy in DECADES, maybe ever, and....the icing on the cake....mail in ballots.
And, you think tthe handlers of his poser in chief are going to allow any future fair elections? Especially if we don’t get to the truth of this past stolen election?
We had our Reagan. Some believe PDJT was even better than Reagan. Regardless, we had that opportunity and the left stole it, right from under our masked and locked down noses.
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