Posted on 06/21/2021 4:56:59 AM PDT by Kaslin
mid-term elections are still quite a long way off, but I think we are about to see if people still vote kitchen table issues, or if the populace has crystalized into partisans. We could have one of the biggest mid term pendulum swings ever
Since inflation follows the money supply and that has been massive ,it's going to make the Carter years look tame.
I remember those days under Carter the Incompetent. We got our pay checks and spent them fast before they lost value.
Welcome Back Carter (not really).
It boils down to two basic ideologies, viz. conservative and liberal. Conservatives vote logically.
Liberals are so incredibly obtuse they're intellectually unable to comprehend the consequences of their politics. They cannot connect the dots between the policies of a fraudulent president and a collapsing economy.
I saw the same thing with carter. Liberals are just .......... stupid. Even when they're forced to flee their cesspool utopias for civilization, they take their liberal politics with them.
Our mortgage in 1980 was 14.5 percent.
“ Interest rates reached their highest point in modern history in 1981 when the annual average was 16.63%, according to the Freddie Mac data. Fixed rates declined from there, but they finished the decade around 10%. The 1980s were an expensive time to borrow money.”
https://www.rocketmortgage.com/learn/historical-mortgage-rates-30-year-fixed
Printing money causes more money chasing the same amount of goods.
The only solution. The prices must go up!
Note: As a matter of fact, Bidet antibusiness policies cause less amount of goods to be available.
Inflation and unemployment will increase. We are doubly screwed.
The U.S. Banking Debacle of the 1980s: A Lesson in Government Mismanagement
The Government Was the Major Source of Instability in the U.S. Banking System
Saturday, April 1, 1995
https://fee.org/articles/the-us-banking-debacle-of-the-1980s-a-lesson-in-government-mismanagement/
Bought dog food today, in less than two weeks the price increases 50%.
Gas from$2 to $3 bucks in just 4 months.
I wonder what it’ll be in 4 YEARS?
But ask any of them: They mean well.
And we’ll slide higher up in the tax brackets!
So if our wages DO keep up with inflation, we STILL lose to the taxman.
Inflation not only waters down the value of our money, but allows the gummint to take a larger percentage of it away from us.
| 12/30/2020 | $1.96 |
| 1/3/2021 | $2.08 |
| 1/7/2021 | $2.10 |
| 1/11/2021 | $2.16 |
| 1/26/2021 | $2.31 |
| 2/6/2021 | $2.20 |
| 2/15/2021 | $2.40 |
| 2/24/2021 | $2.49 |
| 3/6/2021 | $2.54 |
| 3/12/2021 | $2.51 |
| 3/23/2021 | $2.44 |
| 3/31/2021 | $2.80 |
| 4/8/2021 | $2.58 |
| 4/23/2021 | $2.70 |
| 5/4/2021 | $2.80 |
| 5/15/2021 | $2.80 |
| 5/26/2021 | $2.69 |
| 6/3/2021 | $2.82 |
| 6/11/2021 | $2.95 |
According to shadowstats.com, if you calculate inflation the same way it was done before 1980, inflation last month was around 13%. It took Carter 4 years, and Biden has almost caught him in 4 months. It will get much worse.
Inflation is the government’s friend. It reduces our savings to essentially zero, wiping out the results of our hard work over a lifetime. It increases the numbers of the “economic indicators” causing many stupid individuals to believe that the economy is doing well. It subjects more income to higher taxes through bracket creep.
Inflation doesn’t bother them. They have automatic cost of living increases, so they have no incentive to stop inflation.
The moment there was a currency, there was inflation. Inflation doesn’t happen in a barter economy. It happens only when there’s a currency as the medium of exchange. Government simply issues more currency, and the currency that you have loses its purchasing power.
When you exchanged a bushel of carrots for 3 chickens and one eggplant, there was no inflation, and government was unable to change the value of your carrots by waving a magic wand and creating millions of carrots our of thin air.
No wonder Biden is saying no to new gas taxes to fund infrastructure, by 2022 gas would be $5.00 gallon, a pocketbook issue that would turn Congress bright Red.
We might see somewhat of a repeat of the Obama economy: bubbles with inflation and another bust. Where hedge funds and investment companies for billionaires go (e.g., small real properties), shorts will surely happen (pop).
Poor people in the 3rd World are facing inflation induced famine.
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