All by design, Comrade. All. By. Design.
My wife and I are on SS as our only income. Every time we go grocery shopping we become more and more alarmed. Soon we will be eating grass and bark like the NK’s. Our only luxury is our Internet connection and that might be going away soon ... eat or play, that is the question.
It’s not “demand pull” inflation (if you know what that is?)
I disagree with the whole premise of this article. For example, three years ago a can of my favorite energy drink cost $1.50. Today, that drink still costs $1.50. No inflation there.
It should be noted that three years ago, the drink came in a 12 oz can. Today it comes in an 8.9 oz can. But I think that was caused by global warming.
/s (of course)
Along with energy prices causing the spike in groceries and other consumables, there might be another factor at play: with the rising standard of living in the developing world, it’s probably costing more to make stuff overseas.
As the standard of living rises in the developing world, we’ll soon get no price break for making stuff there.
Then all the excesses of shipping manufacturing overseas will come home to roost with rising prices of stuff that used to be cheap.
You want inflation? Imagine how much clothing would cost if it were still made in the U.S.A.
All these years, the formerly cheap price of imported goods made it seem that rising prices weren’t that big a problem.
Clever of that BLS to omit food and energy from the CPI basket of goods, because those measures “too volatile.” Not that anybody needs food or energy to live, so why include them in the core inflation numbers?
This does fit very nicely into hollowing out the middle class. Drive more and more to be dependent on the State. Leave a thin layer of the big government elites. A permanent slave class and a permanent ruling class.
-——everything else-——
I don’t buy much any more, Don’t need to.
But yesterday I went to Walmart to check for popping bugs, I need them to slay the bluegills with my fly rod. They had an assortment for $11.70 . That seemed expensive, very expensive even tho a similar assortment at Bass Pro Shop was twice that price.
As I recall the price for a similar assortment year before last was around $8. There was a sizeable increase.
I have been predicting the inflation for 2 years now because it is the only way to reduce the national debt. It must be inflated away. The rate must be as high as can be tolerated. In my mind that is <7% .
There is a hue and cry to increase the minimum wage. There is a war on coal. Both are tactics to induce and increase inflation. The former is to create general wage inflation and the latter for energy. An increase in these two economic factors will force prices to rise on everything, all across the board.
Don’t buy debt, buy equities. A mortgage today will make you money
20% per year on everyday essentials, the dollar has lost 50% of its value since Obama was elected. Go ahead print more, it’s a stealth tax.
True. Some people with interest in real estate have insisted that the trend is deflationary, but generally, we’ve seen some radical price inflation and outrageous global dollar inflation. There’s no general deflation in any sense of the word.
Anyone who believes the current inflation numbers should plant pumpkins so they can sit in the pumpkin patch on Halloween night and wait for the “Great Pumpkin” to rise up out of the pumpkin patch. https://www.youtube.com/watch?v=H2H0TfvNU3w
Actually I plan to plant some pumpkins myself but only because I like pumpkin pie. I really don’t believe in the “Great Pumpkin”, honest I don’t, I don’t really. Actually I think the “Great Pumpkin” is a little more credible than those inflation figures.