INFLATION IS OUR FRIEND
- Thread starter morekaos
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morekaos
Well-known member
...and on the same day... ;D ;D >
Jen Psaki Faults Americans? Spending Habits for Economic Woes: ?Root Cause? of Supply Chain Problems
https://www.mediaite.com/news/jen-psaki-faults-americans-spending-habits-for-economic-woes-root-cause-of-supply-chain-problems/
North Korea pushes 'delicious' BLACK SWAN meat and claims it is 'exceptional health food' a day after warning starving citizens they will have to eat less food until 2025 when borders reopen
The move comes a day after leader Kim Jong Un warned North Koreans that they must expect to eat less food....But the move had a serious impact on the nation's economy - with prices of everyday goods rising sharply as demand outstripped supply.
https://www.dailymail.co.uk/news/article-10140739/North-Korea-pushes-delicious-BLACK-SWAN-meat-claims-exceptional-health-food.html
Jen Psaki Faults Americans? Spending Habits for Economic Woes: ?Root Cause? of Supply Chain Problems
https://www.mediaite.com/news/jen-psaki-faults-americans-spending-habits-for-economic-woes-root-cause-of-supply-chain-problems/
North Korea pushes 'delicious' BLACK SWAN meat and claims it is 'exceptional health food' a day after warning starving citizens they will have to eat less food until 2025 when borders reopen
The move comes a day after leader Kim Jong Un warned North Koreans that they must expect to eat less food....But the move had a serious impact on the nation's economy - with prices of everyday goods rising sharply as demand outstripped supply.
https://www.dailymail.co.uk/news/article-10140739/North-Korea-pushes-delicious-BLACK-SWAN-meat-claims-exceptional-health-food.html
morekaos
Well-known member
No doubt, Bidonomics have already thumped our GDP down to 2% today so we are well on our way to that delicious Black Swan under glass...yum yum!
https://youtu.be/17ocaZb-bGg
https://youtu.be/17ocaZb-bGg
morekaos
Well-known member
Whaaa... forced and artificial wage increases get passed on to consumers? I thought they had repealed the laws of business in the last budget reconciliation bill...Duhhhh morons!
McDonald?s Raises Menu Prices as U.S. Worker Wages Climb
McDonald?s Corp. is raising menu prices to keep pace with rapidly growing costs...with wages alone up 10% this year.
https://www.wsj.com/articles/mcdonalds-sales-rise-as-u-s-menu-prices-climb-11635332402
McDonald?s Raises Menu Prices as U.S. Worker Wages Climb
McDonald?s Corp. is raising menu prices to keep pace with rapidly growing costs...with wages alone up 10% this year.
https://www.wsj.com/articles/mcdonalds-sales-rise-as-u-s-menu-prices-climb-11635332402
morekaos
Well-known member
Everything is Awesome!!!...but not "Transient"
ECONOMY
U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years
The consumer price index surged 6.2% from a year ago in October, the most since December 1990.
Core inflation, stripping out food and energy, increased 4.6%, the fastest gain since August 1991.
Energy, shelter and vehicle costs led the gains, which more than wiped out the wage increases that workers received for the month.
[url]https://www.cnbc.com/2021/11/10/consumer-price-index-october.html[/url]
https://youtu.be/StTqXEQ2l-Y
ECONOMY
U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years
The consumer price index surged 6.2% from a year ago in October, the most since December 1990.
Core inflation, stripping out food and energy, increased 4.6%, the fastest gain since August 1991.
Energy, shelter and vehicle costs led the gains, which more than wiped out the wage increases that workers received for the month.
[url]https://www.cnbc.com/2021/11/10/consumer-price-index-october.html[/url]
https://youtu.be/StTqXEQ2l-Y
morekaos
Well-known member
morekaos said:CalBears96 said:
You were saying?.... ;D ;D >
Gas prices hit $5 in Manhattan
NEW YORK - Gas prices are on the rise and they have hit nearly $5 for regular and are now about $5.40 a gallon for supreme in Manhattan.
A Mobil station on 11th Ave. on the West Side had the eye-popping prices on Monday evening.
https://www.fox5ny.com/news/gas-prices-hit-5-in-manhattan
Do you believe now Trinity??
?Did you ever think you?d be paying this much for a gallon of gas?? Biden said. ?In some parts of California, they?re paying $4.50 a gallon.?
https://youtu.be/gI4UpBjdJ3s
CalBears96
Well-known member
I see you're still spreading misinformation, moreliar. You lied a month ago and you're still lying. We're still not paying $6.00, as you lied about.
sleepy5136
Well-known member
I think it?s hilarious that morekaos uses only oil as an indicator of inflation. Even if gas was $6 a gallon, that is not much of a concern as compared to food and rent increases that has been constantly going up. Not to mention we are also having the highest wage increase due to inflation itself.
morekaos
Well-known member
sleepy5136 said:
Oil and gas prices are just the most potent indicator because Billionaire or illegal alien...we ALL pay that price everyday. Not everyone buys yachts, houses or computers every day but gas?...That's the great equalizer of pain. It is also posted in everyones face every day when we drive by gas stations. Easy scoreboard for all. Additionally fuel and energy, along with wages is the main driver of consumer price inflation. I am not in any way minimizing inflation in all other sectors but Gas is one we can all relate to easily. And wage inflation has been smotherd by real inflation. It's one step forward three steps back.
U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years
The consumer price index surged 6.2% from a year ago in October, the most since December 1990.
Core inflation, stripping out food and energy, increased 4.6%, the fastest gain since August 1991.
Energy, shelter and vehicle costs led the gains, which more than wiped out the wage increases that workers received for the month.
[url]https://www.cnbc.com/2021/11/10/consumer-price-index-october.html[/url]
morekaos
Well-known member
morekaos said:
Brandon is going to make this speech very soon. The same mistakes will be made again...Back then it was the evil oil companies and they levied a moronic "Windfall profits tax" to fund a Solar Bank to fund the Green future...it failed...Today it comes in the form of "Build Back Better" to fund the Green New Deal" which will fail just as predictably...but remember.. from failure comes redemption...the next 8 years saw the greatest expansion of economic growth in our countries history...that will happen again after a few stumbles like Brandon.
Ready2Downsize
Well-known member
morekaos said:
And so we got Even/Odd days. I would get to the gas station at 4 AM to get in line on my day. (probably opened at 6 or 7). What a waste of time that was. My gas tank was 10 gallons and my mpg was 18 so I could only go 180 miles max on a tank of gas. Two days a week were clinic days and I had to go 18 miles each way and three days I had to go school. A tank of gas barely covered that, so I had to line up twice a week so I would be able to have enough gas for my job which of course paid min. wage which was around $3 per hour.
There were days when the gas station would be out of gas before I even go up to the front of the line, so I was sure to get up early for my turn.
CalBears96
Well-known member
eyephone said:
Republicans are only concerned about inflation and national debt when a Democrat is in the office.
They blame Biden for the inflation when it was in fact Trump who was printing money like crazy.
morekaos
Well-known member
fatduck said:
Never the same song...but always a similar melody...
Both presidents faced significant outside threats. Carter inherited the Opec ? a very familiar acronym to people at the time ? oil crisis from his discredited predecessor who was nearly impeached, and Biden inherited a pandemic from his predecessor who was impeached twice. Both of these crises led to economic problems: not enough gas to support the American lifestyle in the 70s and shortages of many goods due to supply chain problems in this decade.
Both presidents faced foreign challenges that threatened to disrupt the economy. In the 70s, Japan appeared to be replacing the United States as the industrial leader of the world ? symbolized by the Sony sign at the top of what used to be the Pan American Building. People complained that Japan did not play fair, flooding our market with their cars but not allowing our cars to enter their market. Not that many people wanted our gas-guzzling, shoddily produced Fords and Chevrolets. In the 2020s, the major economic threat appears to be China, which, some say, steals our intellectual property, underpays its workers and does not abide by international labor or environmental standards.
And both presidents came to power in the aftermath of foreign wars that ended badly. In Carter?s time, the defeat in Vietnam preoccupied foreign policymakers, and Biden recently presided over the end of the seemingly futile American effort in Afghanistan.
Average gasoline prices had risen 55% since January, and oil prices had doubled in just over half a year. By 23 June 1979, the American Automobile Association reported that 58% of the nation?s gas stations were closed because of low inventories.
Today, as in the 1970s, the social fabric and national identity of the U.S is being called into question. During the seventies, it was flag burning and a nascent counterculture movement that questioned the foundations of America itself. Today, revisionist views of American history and negative portrayals which depict the U.S. as inherently racist have gained acceptance in the mainstream conversation
Finally, in the 1970s as in 2021, it was and is considered excusable to think that American decline is unavoidable. But that wasn?t true then, and it shouldn?t be true today.
https://www.theguardian.com/commentisfree/2021/oct/20/ignore-the-fearmongers-the-1970s-are-not-coming-back
https://www.realclearworld.com/articles/2021/10/20/back_to_the_1970s_799870.html
CalBears96
Well-known member
morekaos said:
Unless the guy in the office is a Republican. Let me repeat:
Republicans are NEVER blamed for national debt while in office. National is only brought up whenever a Democrat is in office.