Get ready...inflation on its way....

[SilentStalkr]

So, I was reading an article this afternoon where fast food places are raising their wages in hopes to garner new employees so that they can stay open. Some are paying up to $20/hr. And giving sign on bonuses. That’s what $42,000 a year to flip a burger. That’s insane. If this truly happens then inflation will be coming quick and hard, worse than it is currently. And what these people don’t realize is, it will hurt those getting the increase the worst. At best they didn’t really get a raise, they just think they did. But if they really do this then that happy meal at McDonalds will cost $20 vs the $5 it does now, which IMO is only going to hurt them worse. But they aren’t giving the raise increase out everywhere, only some places which I turn did what to the rest of the employees? Yeah, that’s right they are furious and now are refusing the go to work because they say they deserve the same raise their counterparts are getting. Can’t blame them. So yeah, once again it’s only created more problems. Not to mention if this does go through, what’s that going to do for skilled workers? It’s then going to trickle up and turn them off. Why bust your ass for $22/hr. When you can work in a much less stressful environment in the AC and so on making $20/hr.? This certainly ain’t going to help matters, at all. But hey, I’m sure Biden has a plan that will take care of it.

 

[JMGlasgow]

Theft (tax) revenue will also increase, which is what they want. The government loves nothing more than stealing money from people.

Welcome to the 70's and Carter 2.0

 

[diverdon]

No way out, why do you think it's so hard to find ammo? It's because your paper dollars don't justify expanding to meet your needs. Wait till farmers figure out where the dollar is going. Stock up on beef.

 

[Redmanss]

So, I was reading an article this afternoon where fast food places are raising their wages in hopes to garner new employees so that they can stay open. Some are paying up to $20/hr. And giving sign on bonuses. That’s what $42,000 a year to flip a burger. That’s insane. If this truly happens then inflation will be coming quick and hard, worse than it is currently. And what these people don’t realize is, it will hurt those getting the increase the worst. At best they didn’t really get a raise, they just think they did. But if they really do this then that happy meal at McDonalds will cost $20 vs the $5 it does now, which IMO is only going to hurt them worse. But they aren’t giving the raise increase out everywhere, only some places which I turn did what to the rest of the employees? Yeah, that’s right they are furious and now are refusing the go to work because they say they deserve the same raise their counterparts are getting. Can’t blame them. So yeah, once again it’s only created more problems. Not to mention if this does go through, what’s that going to do for skilled workers? It’s then going to trickle up and turn them off. Why bust your ass for $22/hr. When you can work in a much less stressful environment in the AC and so on making $20/hr.? This certainly ain’t going to help matters, at all. But hey, I’m sure Biden has a plan that will take care of it.

Rich fuckers, they need to be taxed more.

 

[diverdon]

This is not Jimmy Carters inflation. They built up the forces of lawlessness and disorder first. When food becomes hard to find what do you think happens next.

 

[Davo308]

On the bright side gas is 4.50 a gallon so....

 

[SilentStalkr]

Something better change soon or it's going to get pretty bad. It's 220 days out for a Cummins rebuild kit that was quoted today. I know other parts are months out as well, we were quoted 6 months for a turbo about two weeks ago. It will hurt the trucking industry in a bad way when trucks are sitting at repair shops waiting for parts to show up.

This is not Jimmy Carters inflation. They built up the forces of lawlessness and disorder first. When food becomes hard to find what do you think happens next.

Bread lines and more gov power and supposed solutions for problems that they created.

 

[candyx]

Don't sweat inflation because in 12 months our currency will either be the renminbi or ruble once Pelosi and Schumer talk sleepy joe into taking the flag down.

 

[Hobo Hilton]

We have been talking "Inflation" right here since March 11, 2021

Inflation.......... ?

This is a non-scientific study by one old guy on a fixed income. Without quoting government statistics or giving specific information. Since the first of 2021, how much more are things costing ? My example is how much I pay for pelleted chicken feed. My cost is up 3.5% since 1/1/2021. Hobo

www.snipershide.com

 

[SilentStalkr]

We have been talking "Inflation" right here since March 11, 2021

Inflation.......... ?

This is a non-scientific study by one old guy on a fixed income. Without quoting government statistics or giving specific information. Since the first of 2021, how much more are things costing ? My example is how much I pay for pelleted chicken feed. My cost is up 3.5% since 1/1/2021. Hobo

www.snipershide.com

I know but if this happens along with that $6trillion BS it’s going to be exacerbated 400x over, quite literally.

 

[Texasflyer]

 

[Hobo Hilton]

I know but if this happens along with that $6trillion BS it’s going to be exacerbated 400x over, quite literally.

Welcome to the party.... Any advice for us to survive the crash? No one is going to argue that the crash is not going to happen. History repeating itself.

 

[M7rtim]

We have been talking "Inflation" right here since March 11, 2021

Inflation.......... ?

This is a non-scientific study by one old guy on a fixed income. Without quoting government statistics or giving specific information. Since the first of 2021, how much more are things costing ? My example is how much I pay for pelleted chicken feed. My cost is up 3.5% since 1/1/2021. Hobo

www.snipershide.com

I’m sure we’ve been thinking inflation since at least 04

 

[Hobo Hilton]

I’m sure we’ve been thinking inflation since at least 04

Well, what have you come up with ?

 

[KZP]

I'm working on a new crypto currency that is inverted to fed printed dollars. Thinking of labeling it BBC, Benjamin Button Crypto. Fed dollar pile gets bigger, BBC gets smaller.

 

[supercorndogs]

As the wages go up the crews get smaller. Welcome to the age of the professional food worker. Watch in few years they will have technical schools charging people to learn the ropes and get in the door.

It will be more like 18k per year because they will be lucky if they can get 20 hours per week, and almost definitely not over 30, not after O'commiecare....

 

[Sniperwannabee]

What do you expect when the government keep given away free money

 

[rady]

Rich fuckers, they need to be taxed more.

Ever get a job from a poor man? Every time I hear this talk of soaking the rich, it never happens. The burden always ends up on the backs of the middle class, which BTW, are being systematically wiped out.

The tax proposals end up with loopholes that the swamp critters and wealthy are always able to use to their advantage. So how does raising the taxes on any group benefit you? Unless you're a welfare bum, do you really think d.c is going to spend those extra tax dollars wisely?

Amazing that here are the Hide there is always somebody calling names like "commie bitch/pussy", ect., yet they see no problem with policies that are indeed communistic. Look at how our tax dollars went to china to develop the virus that we are now plagued with. And you want to give them more?

 

[lariat]

No way out, why do you think it's so hard to find ammo? It's because your paper dollars don't justify expanding to meet your needs. Wait till farmers figure out where the dollar is going. Stock up on beef.

Regarding ranchers, this shows why inflation catches everyone: that corn you bought in the store and the wheat (bread) you bought the other day? That also gets fed to cattle. When the price of corn as a commodity goes up, the price of beef will follow. Granted, beef is a commodity and it is exchanged as well but there is a floor on it that is buffered by the other commodity inputs required to make it, barring some exogenous circumstance. Oil is used to fertilize and run the tractors to make the corn. See a trend, a laddering of commodities and industries that eventually get food to the plate?

The monetary inflation kraken throws its tentacles deep into the economy. Right now what you cannot do is be blind to price inflation. At the same time don’t discount the other side of this coin. It’s coming.

 

[FS1]

It's here already, it will just get worse.

 

[Redmanss]

Ever get a job from a poor man? Every time I hear this talk of soaking the rich, it never happens. The burden always ends up on the backs of the middle class, which BTW, are being systematically wiped out.

The tax proposals end up with loopholes that the swamp critters and wealthy are always able to use to their advantage. So how does raising the taxes on any group benefit you? Unless you're a welfare bum, do you really think d.c is going to spend those extra tax dollars wisely?

Amazing that here are the Hide there is always somebody calling names like "commie bitch/pussy", ect., yet they see no problem with policies that are indeed communistic. Look at how our tax dollars went to china to develop the virus that we are now plagued with. And you want to give them more?

That sarcasm went right over your head.

 

[diverdon]

Regarding ranchers, this shows why inflation catches everyone: that corn you bought in the store and the wheat (bread) you bought the other day? That also gets fed to cattle. When the price of corn as a commodity goes up, the price of beef will follow. Granted, beef is a commodity and it is exchanged as well but there is a floor on it that is buffered by the other commodity inputs required to make it, barring some exogenous circumstance. Oil is used to fertilize and run the tractors to make the corn. See a trend, a laddering of commodities and industries that eventually get food to the plate?

The monetary inflation kraken throws its tentacles deep into the economy. Right now what you cannot do is be blind to price inflation. At the same time don’t discount the other side of this coin. It’s coming.

People hear about the plan to "reduce the beef we eat by 90%" and think that's kinda dumb, I'll just keep buying beef. They fail to understand that the dollars they have will not buy beef for their families, nor milk for their children.

The better quality of foods will be reserved for political and media elites, who will tell us that these circumstances arose from, bad luck that we brought on ourselves with our greed.

Once the population is desperate they will be provided with a scape goat. The general population will be encouraged to punish the scape goat to vent their frustration.

Who do you think the scape goat will be? Somebody look around and tell me that our fellow Americans would never fall for this.

 

[Mr.BR]

Regarding ranchers, this shows why inflation catches everyone: that corn you bought in the store and the wheat (bread) you bought the other day? That also gets fed to cattle. When the price of corn as a commodity goes up, the price of beef will follow. Granted, beef is a commodity and it is exchanged as well but there is a floor on it that is buffered by the other commodity inputs required to make it, barring some exogenous circumstance. Oil is used to fertilize and run the tractors to make the corn. See a trend, a laddering of commodities and industries that eventually get food to the plate?

The monetary inflation kraken throws its tentacles deep into the economy. Right now what you cannot do is be blind to price inflation. At the same time don’t discount the other side of this coin. It’s coming.

Prices of food are more likely than not going to increase steeply. besides the out of control money print and logistical bottlenecks, there are bunch of environmental factors that will be pushing that, chinese are buying everything they can before they can get their pork production back on line after the cull due to African Swine Flue outbreak . Argentina limiting beef exports , draught pushing low crop yieds , freeze in parts of Europe decimating fruit production. Looking at the strain on food production its beyond bizarre that we are actually growing alot of crop so we can turn it into bio diesel or ethanol. when we have plenty oil.

 

[diverdon]

Prices of food are more likely than not going to furher increase steeply . besides the out of control money print and logistical bottlenecks, there are bunch of environmental factors that will be pushing that, chinese are buying everything they can before they can get their pork production back on line after the cull due to African Swine Flue outbreak . Argentina limiting beef exports , draught limiting low crop yieds , freeze in parts of Europe decimating fruit production. Looking at the strain on food production its beyond bizarre that we are actually growing alot of crop so we can turn it into bio diesel or ethanol. when we have plenty oil.

I sure hope you're closer to correct than I am. But do me a favor and fill your pantry, in case you're not.

 

[Sgtsideways]

That sarcasm went right over your head.

That was sarcasm? Really lame dude, try again.

 

[JMGlasgow]

I saw it as a sarcastic response. Maybe try not to be so literal all the time.

 

[Charger442]

Prices of food are more likely than not going to furher increase steeply . besides the out of control money print and logistical bottlenecks, there are bunch of environmental factors that will be pushing that, chinese are buying everything they can before they can get their pork production back on line after the cull due to African Swine Flue outbreak . Argentina limiting beef exports , draught limiting low crop yieds , freeze in parts of Europe decimating fruit production. Looking at the strain on food production its beyond bizarre that we are actually growing alot of crop so we can turn it into bio diesel or ethanol. when we have plenty oil.

we should have never, ever grown and used food for fuel. It was and is insanity.

 

[lariat]

Looking at the strain on food production its beyond bizarre that we are actually growing alot of crop so we can turn it into bio diesel or ethanol. when we have plenty oil.

I dont think anyone has really made the connection yet that we are now feeding out cars the same thing that we fed our horses back in the day. We are using food to run cars that can use other inputs that are not food. While it may indeed be different corn or grasses that are being used for that than what we eat, it is still land and equipment that has been removed from the ability to generate food.

 

[CSGambill]

Refinance your mortgage now before interest rates go crazy.

 

[Redmanss]

Refinance your mortgage now before interest rates go crazy.

Better yet, pay that shit off now before other household expenses go through the roof.

 

[Hobo Hilton]

Refinance your mortgage now before interest rates go crazy.

That will be an education... Dealing with the mortgage broker who just got a degree and is working from home. We should start a new thread listing some of the ridiculous things they are now asking on the mortgage application. BTW that broker is still living at Mom's house and working out of the basement... And if you request the issue to be escalated then you get to deal with the AI (artificial intelligence) unit in Russia or China... Cash buyers go to the front of the line.... Wishing you the best of luck.

 

[M8541Reaper]

It’s going to be funny when they pay their workers $20/hr and then install all of the touch screen ordering shit that Europe has. Then you fire the workers and keep a minimal staff to fill bags/hand to customers. Price of the product stays where it is and costs to run the day to day drop.

 

[SilentStalkr]

It’s going to be funny when they pay their workers $20/hr and then install all of the touch screen ordering shit that Europe has. Then you fire the workers and keep a minimal staff to fill bags/hand to customers. Price of the product stays where it is and costs to run the day to day drop.

Precisely what will happen, eventually.

 

[HiDesertELR]

Fellas, fellas, fellas... what happened to "trust the plan" ? Everything will be fine, the gub'mint is here to help us don't ya' know...

Yeah there's not enough sarcastic ROTFLMAO's for that is there?

Beans, bullets, band-aids, stack 'em to the rafters.

 

[wade2big]

Better yet, pay that shit off now before other household expenses go through the roof.

This won’t stop the massive tax increases that comes along with the devaluation of the dollar.

 

[W54/XM-388]

Just wait till "Wealth Taxes" start really hitting home.

Sure they will start with like 50 million or more in assets but quickly will hit the 1 million mark of assets including all your retirement accounts, properties, vehicles stock market holdings, etc... Then as they get more desperate it will go to the $500k mark.

Then they start hitting you with high property taxes just like some place around here were doing after destroying all their small businesses and handing monopolies to Amazon and Walmart who didn't pay local taxes, the local greedy counties and cities started putting the boots hard to the struggling home owners and anyone who had a business still, trying to force them to pay hugely inflated property and inventory taxes... or else...

 

[Charger442]

Just wait till "Wealth Taxes" start really hitting home.

Sure they will start with like 50 million or more in assets but quickly will hit the 1 million mark of assets including all your retirement accounts, properties, vehicles stock market holdings, etc... Then as they get more desperate it will go to the $500k mark.

Then they start hitting you with high property taxes just like some place around here were doing after destroying all their small businesses and handing monopolies to Amazon and Walmart who didn't pay local taxes, the local greedy counties and cities started putting the boots hard to the struggling home owners and anyone who had a business still, trying to force them to pay hugely inflated property and inventory taxes... or else...

the elimination of the step up basis will be the biggest destroyer of wealth in this country since the Civil War. its what they are pushing quietly while also letting people fight about taxing those who make $400k.

 

[NoDopes]

Better yet, pay that shit off now before other household expenses go through the roof.

I'm going to do a cash-out refi for as much as I can on my house... invest the money in Doge... Then pay off the loan later when inflation will have made the balance equivalent to 1 week of pay working at TacoBell.

 

[Redmanss]

This won’t stop the massive tax increases that comes along with the devaluation of the dollar.

I never insinuated that it would, I simply stated paying off your home is better than refinancing at a lower rate, and would set someone up far better financially to absorbing the increased monthly household costs. Tax is the same whether owned outright or on a lean, but better to pay those taxes without a monthly mortgage and associated interest payments to go with it.

 

[rlarsen462]

the elimination of the step up basis will be the biggest destroyer of wealth in this country since the Civil War. its what they are pushing quietly while also letting people fight about taxing those who make $400k.

Realistically at that point the wealthy would be better off spending the money on private armies and using them as tax deductions until the party starts.

 

[Steel+Killer]

Fuck it pay them $50 an hour the free market will work itself out.........

 

[Bradu]

Fellas, fellas, fellas... what happened to "trust the plan" ? Everything will be fine, the gub'mint is here to help us don't ya' know...

Yeah there's not enough sarcastic ROTFLMAO's for that is there?

Beans, bullets, band-aids, stack 'em to the rafters.

Been pretty quiet from the Q larpers. Did they disappear or is this part of the plan

 

[HiDesertELR]

Been pretty quiet from the Q larpers. Did they disappear or is this part of the plan

Nah, the storm is coming.... patience

 

[eca7891]

Prices of food are more likely than not going to increase steeply. besides the out of control money print and logistical bottlenecks, there are bunch of environmental factors that will be pushing that, chinese are buying everything they can before they can get their pork production back on line after the cull due to African Swine Flue outbreak . Argentina limiting beef exports , draught pushing low crop yieds , freeze in parts of Europe decimating fruit production. Looking at the strain on food production its beyond bizarre that we are actually growing alot of crop so we can turn it into bio diesel or ethanol. when we have plenty oil.

2x4x8 will never be $11.50 each either….

 

[rady]

That sarcasm went right over your head.

Something has to be there first before it can fly over my head.

Fellas, fellas, fellas... what happened to "trust the plan" ? Everything will be fine, the gub'mint is here to help us don't ya' know...

Yeah there's not enough sarcastic ROTFLMAO's for that is there?

Beans, bullets, band-aids, stack 'em to the rafters.

Now this is sarcasm!

 

[Bradu]

Nah, the storm is coming.... patience

I need whatever you people are smoking...

 

[HiDesertELR]

I need whatever you people are smoking...

I believe it is called "huffing"...

 

[XTREM HTR16]

the elimination of the step up basis will be the biggest destroyer of wealth in this country since the Civil War. its what they are pushing quietly while also letting people fight about taxing those who make $400k.

Yep, they’ll all be selling this year to and then buy it right back to lock in lower capital gains tax.

 

[John_in_WYO]

Inflation has been around for a while.
Have fun with this: https://www.usinflationcalculator.com/

 

[lariat]

Inflation has been around for a while.
Have fun with this: https://www.usinflationcalculator.com/

inflation has been around with a purpose since the printing press.