Posted on 11/11/2021 8:34:51 AM PST by devane617
Edited on 11/11/2021 10:02:23 AM PST by Jim Robinson. [history]
Inflation is starting to look like that unexpected — and unwanted — houseguest who just won’t leave.
For months, many economists had sounded a reassuring message that a spike in consumer prices, something that had been missing in action in the U.S. for a generation, wouldn’t stay long. It would prove “transitory,’’ in the soothing words of Federal Reserve Chair Jerome Powell and White House officials, as the economy shifted from virus-related chaos to something closer to normalcy.
(Excerpt) Read more at mypanhandle.com ...
The government issued a lot of dollars, making all the dollars that we hold worth much less.
I wish people would realize:
INFLATION NEVER ENDS!!! IT ONLY SLOWS DOWN FROM TIME TO TIME!
As long as we have a fake phoney baloney fiat currency this is the FACT
The same question was floating around Caracas about twenty years ago.
The article totally ignores the most dangerous part of inflation—the emotional panic that sets in and creates a multiplier effect...
Everyone races for the exits to buy tangible goods before prices go up even higher—and that causes prices to rise even faster.
The “experts” “never see it coming” because they are f&^%ing idiots!
A lot of this was foreseeable when the economy was recklessly shutdown in the spring of 2020. A ‘supply-chain’ is sort of ad-hoc and really can’t be more than nudged slightly to expand & contract. You really can’t just switch it off and then back on like a light-switch and not have grave issues like the one’s we are experiencing now. This was a massive overreaction to a virus that has a 99.7% survival rate.
It will last as long as the Marxists are allowed to hold power. They will spend, borrow, print money, sabatoge energy supplies,regulate, tax and do all they can to destroy America.
The basketball team that gets routed by the Harlem Globetrotters every night, not the Washington Generals who have lost every war since WWII.
General Schwartzkopf notwithstanding.
So just why is the dollar falling in value, and will it ever regain its value?
“A sizeable chunk of the inflation we’re seeing is the inevitable result of coming out of the pandemic..”.
Don’t blame it on the covid. It’s entirely due to Biden’s attack on energy and the whole filthy philosophy behind it.
Until the Bond Market agrees about inflation it doesn’t matter what anyone else does. The Bond Market is much larger than the FED and it controls interest rates, despite the FED’s continual dog and pony show.
When the Bond Market moves the FED has to follow.
So is he going to claw back all the stimmy checks he sent out to us?
YEP!
The reason, and only reason that there the economy is inflationary right now is because of liberal dem policies.
I remember all the people on social media who saved a picture of the current gas prices so it would show up in their feed each year because they knew this would happen day 1 after the election.
When I see someone asking this sort of question I think to myself: "Are you a moron? What did you think was going to happen when you demand $15.00/hour minimum wage, pay people to stay at home through unending unemployment, send checks to indolent people because they have children and increase the supply of fuel by shutting down pipelines, fracking and oil drilling on government land? "
I get the impression that there are a lot of people out there who don't pay attention and/or don't understand basic economics or basic reality.
This really comes as no surprise. I used to teach a unit on economics. 20 years ago, a parent got “upset” and said it was “political” and “upset” her and her child. It was about printing money and the value decreasing as a result. She didn’t “like” that. My principal (another idjit) agreed with her and made me drop it.
It is most unfortunate that the VAST MAJORITY of Americans only believe what happens in the next few minutes to days. If it takes any longer, it was “fake news”, “a bald faced lie”....or now “racist”!
I have come to the conclusion that most people (not even gonna limit it to Americans here) want to believe those in authority. Most in authority want to stay in power and are largely incompetent and unintelligent (No, the island will NOT tip over with more people on it SC Representative....who continued to be re-elected after that famously STUPID statement).
It is a very sad commentary that things take a long time to unravel, but when they do, it is invariably somebody else’s fault!
Stupid choices? Stupid consequences...which alas, we ALL pay for.
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