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Inflation.......... ?
- Thread starter Hobo Hilton
- Start date
Food is about to go up even more, a lot more, all of it. Major corporate buyers aren't even pushing back, they know it's coming and it's going to keep coming.
I drive past a new home construction frequently. Foundation is finished, steel studs were used for the first floor supports (first I've seen used in the area), roof trusses have been sitting in the yard. House hasn't progressed in 5 months. Guessing the contractor is waiting for lower 2x4 prices.
The has been a "market" for gold for a very long time. It also seems to be marketable worldwide.
Bulk industrial tomato paste price in 2020 was about 36 cents per pound. Looking to be around 45 cents this year (+25%).
Bottom line is that hyperinflation is coming ( already here to a lesser degree ) and it is purposefully designed to wipe out the middle class. A good read of what is to come is Argentina in 2001. Still going on today. BTW, you might want to see how gold was used by the Argentinians. I don't believe it is a good indicator of inflation, as it is too easily manipulated today...............Still valuable if history is any lesson.
This is part of your brave new world to come, boys and girls.
This is part of your brave new world to come, boys and girls.
And just like that Dot Gov bans the sale, trade or possession of gold, silver or whatever. "They'll never do that" AGAIN.
I agree....
Just something I read this morning. Part of a very long article.
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Some gold market experts, including London metals trader Andrew Maguire, say they expect the BIS to have to unwind these swaps by the end of June this year because of the new "Basel III" regulatory standards, which introduce the Net Stable Funding Ratio. The London Bullion Market Association has stated that the new ratio “will increase the capital requirements for financing and clearing precious metals transactions to 85%.” The LBMA is not in favor of this change because of the likely increase in costs. Experts like Maguire expect that "Basel III" will severely curtail "paper" gold transactions.
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Guess I should read up on the Basel III
Fed numbers are all bullshit. Completely cooked. Real inflation is 4-6% EVERY YEAR.
They refuse to admit it because they would have to raise the interest rates to combat it, making servicing the national debt impossible.
So they just pretend it doesn't exist while everyone with 2 brain cells to rub together sees it.
If a business is not raising their prices by 5% per year, they are losing money and are dumb.
They refuse to admit it because they would have to raise the interest rates to combat it, making servicing the national debt impossible.
So they just pretend it doesn't exist while everyone with 2 brain cells to rub together sees it.
If a business is not raising their prices by 5% per year, they are losing money and are dumb.
Don’t you need 6/3 for a 50A recep?
I ordered a new aluminum boat on a Friday that would have cost me $5k more the following Monday. Price increased Mar 1.
I play the long game, the gold chart is an upward slope from left to right. Everything else in noise.
And that is why the M3 tracking was halted. Can't let the serfs see the real quantity of printed dollars.
fdr did that, yet the smart ones kept it. Those coins, in good condition, sell for a nice premium today.
If I recall correctly, they tried that in Argentina. Didn't matter, as the black markets took over. Also interesting with the Argentina situation, is that the bartering system that many think will come into play in bad times, didn't work...........They found that there were not enough buyers for things like ammo, blankets, clothing so that a barter market system didn't work over the long haul. You have to have someone that needs what you have and, in turn, you have to be willing to take what they offer.
Bottom line is that you'll end up having to be a criminal just to get by. No matter what you do, there will be a crime associated with it. Yes, they did still arrest and imprison people. That's the way dictators and oligarchs keep the power.
Here in Idaho, our legislature is considering a bill that would allow the state to store some of the state’s financial reserves in physical precious metals as a hedge against inflation.
Texas put that in place several years ago. Utah will take gold as payment on State taxes, etc.
Texas Precious Metals Depository
The Texas Precious Metals Depository was featured and reviewd by KENS-5 News out of San Antonio, TX. View the segment HERE. PRIVATE STORAGE Storage of gold, silver, platinum and palladium is private, fully segregated and individually sealed. Metals are never commingled or allocated. LEARN MORE...
Doubtful the overall situation in Argentina will be similar to what will happen in America. Argentina was never a world power and has had revolutions for centuries. However, the barter system has been around since Biblical times. Countries and dictators have developed / evolved and then failed yet the peasants were resourceful enough to continue to exist. The key here is having a commodity that everyone needs.
Hobo
I’ve known this shit for a long time but to see all y’all on this thread talking about it is fucking depressing as shit!
Glad you could make it.... It would be a lot more depressing to wake up a year from now and ask "When did this happen ?" ..... Similar to being in that duck blind or deer stand and seeing that big black cloud coming from a long way off.... We have all weathered the storms. My hope is to share some good, straight information with you guys so we can all come out on the other side... There are some things we need to gather up before the hyper-inflation hits. We all have different needs. My guess is we have enough guns and ammo. My concern is what is going to be in short supply and out of sight price wise this year. Most of us have "mouths to feed", either humans or livestock... That is high on my priority list at the present time.
Hang in there.
Hobo
I know this is a crystal ball loaded question but I probably don’t have as much experience as some on this discussion. What do you see hyperinflation hitting besides what it’s already effecting? Housing, raw materials, transportation, fuel costs...ect. I have already noticed trending up fast.
What could be next? Food, electric, water? Everything??
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The Marxists won't be happy until the turn us into post war Germany, with wheelbarrows of cash to buy bread, or million dollar notes, with 10,000 an hour pay scales (worth about 10 cents buying power).
In short, there is a distinct difference between the normal sine wave of inflation that we've seen over the years vs. hyperinflation.
Hyperinflation, albeit rather rare, can be captured when looking at Germany 1920s and something probably more relatable is Venezuela in these last 4-6 years.
What is MORE concerning is the fact that the baseline of the world's currency (the U.S. dollar) is potentially being positioned in incur hyper inflation, which it will be very hard to tell the shock wave it will have across the world's economy.
You are currently witnessing the next thing. It's been creeping since the day pedo Jo signed the first papers. They have slowed it down so the populace stays addicted to facefuck, twitter and whatever. Next time you are waiting for the pump to stop. Google gas prices for November 3rd.
Do you remember what happened in 2008 when gas hit $4 to $5 dollars per? We're currently already at $3.
I have no doubt we could see 5 or 6 dollar gas this summer. Maybe more? Crazy because everyone has been buy big trucks and SUVs. I bet you won’t be able to give them away this summer.
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Just make double damn sure you remind ALL of your liberal friends and relatives what gas cost last year. Then ask them how much lighter their wallet is.
Oh I will first chance I get. I did kinda giggle when I seen 4 dollar gas in California a few weeks ago.
What happens to food prices or any other resources that are shipped when fuel prices skyrocket?
The housing market will crash again and commodities will skyrocket. All of which are/have been artificial for the past 12 years. The fed can not raise interest rates to combat inflation. They can not service the national debt at a 2% interest rate.
So the real question is? How long can they print fake money to keep up the facade of stability?
2% of 31 trillion is how much? What is the current tax revenue for the federal government?
The housing market will crash again and commodities will skyrocket. All of which are/have been artificial for the past 12 years. The fed can not raise interest rates to combat inflation. They can not service the national debt at a 2% interest rate.
So the real question is? How long can they print fake money to keep up the facade of stability?
2% of 31 trillion is how much? What is the current tax revenue for the federal government?
Dont worry about food prices. We'll just start grilling rats (insert Venezuela reference here).
2019 the gov raked in about $3.5 trillion. Let that sink in. They just passed 1.9 trillion in stimulus this past year 2x, correct? Which means they are spending way more than they are taking in. Yes? I’m no an economics guy but I don’t see how this can continue. I think we are literally one more stimulus from full collapse.
This is why just about every civilization developed some fungible proxy for human labour and ingenuity.
Strict barter for goods you have to goods someone else has generally tends to hit the wall pretty quickly.
Who knows, maybe ammo will be the new currency of the black market or something else completely.
Great question. We are all looking into the future.... To some degree, shortages will be regional. Part of that will be due to the cost of transportation. The folks on the coast will still get fresh seafood, inland may have to do without. Fresh produce will be plantiful south of the Mason Dixon, but cost of seeds, fertilizer and fuel for equipment will force prices up. Beef and produce will be available in the "hubs" but selection will get slim in out lying areas, again, transportation cost. Remember the "Fuel Surcharge" on freight. We will see that return. I'm looking for a few 3 point hitch attachments for my tractor and people are just not turning loose of used implements. Just some thoughts.
Hobo
It's important not to look at any official statistics on inflation, because they game the CPI system to keep the number artificially low. Some examples of this are things like if beef gets too expensive they switch to using chicken etc. For anything with technology or safety, they get to deduct the cost of any added features from the increased price. For example if a 2020 honda base model cost $25,000, and a 2021 base model is $30,000, if honda can show that they added features (doesn't matter if it's carplay or new airbags etc.) they get to deduct the cost of that from the price difference for inflation. Regardless of the fact that the cheapest Honda accord you can buy a year later is $5k more, it's not reflected in the inflation numbers.
Economically we are unsustainable, it's only a matter of how long till it crashes, this is the socialism long play and it's working brilliantly for the weasles. Let's look at some statistics.
Locally here food is skyrocketing in grocery stores, I was going to grab a turkey BLT sandwich on the way home from Wegmans tonight, until I noticed it was $9. Just a boring white bread, non-organic, sliced turkey sandwich.
Economically we are unsustainable, it's only a matter of how long till it crashes, this is the socialism long play and it's working brilliantly for the weasles. Let's look at some statistics.
- The median household income has not increased significantly for almost 20 years. In 2000 it was $65k, and today it's about $69k, those are raw uncorrected dollar amounts. If you use an inflation calculator it will tell you that $65k in 2000 should be $99k today. In other words income has been basically stagnant for two decades.
- The cost of healthcare premiums since 2000 has quadrupled, coverage is significant less, and out of pocket costs to the individual have doubled.
- Pensions are basically extinct.
- Half of all Americans have no retirement savings at all.
- Only 32% of Americans have a 401k account, and by the time they are 60 the average balance is only $160k
- The average price of a new car in 2021 was $41k (5% higher than in 2020)
- The average price of a 5 year old used car is just shy of $25k
- The average college student leaves college with $35k in student loans, paying 7% interest.
- In 2000 the base 4wd Chevy Tahoe cost $27k, today it's $54k, if it followed inflation it would be $40k.
- The average interest on a savings account is 0.04%, in other words you gain $0.40 for every $1000 saved
- The average interest on a credit card is 16.3%, in other words you pay $163 for every $1000 you borrow
- 3 out of 5 starter homes are bought by investment groups to keep them off the market and drive prices up.
- Average one bedroom apartment rent in 2020 was $1100 a month, the exact same price as the average mortgage payment. In other words there's no such thing as renting cheap to save money for a home.
- The average cost of a new home of the same size in 2000 was $203k, today it's $398k
Locally here food is skyrocketing in grocery stores, I was going to grab a turkey BLT sandwich on the way home from Wegmans tonight, until I noticed it was $9. Just a boring white bread, non-organic, sliced turkey sandwich.
Actually before 2001, they had a very good economy that was primarily agricultural. The parallel's to what is going on in the USA today are eerily similar: Political corruption, devaluation of the peso due to failure to repay the imf for loans.....Can you say china owning US bonds? Printing money.... $1.9T so called stimulus.
Btw, the corrupt one's and wealthy just left the country. Apparently, offshore accounts helped. You think our boys and girls in d.c. don't have an escape plan if shtf? Look at how they anointed themselves if there was a nuke attack, while the rest of us would fry.
All of the above and more are percolating here and now. Sure you can sit there and get depressed about it, but grow a set and prepare. There is no place for normalcy bias. You have to eat and you have to earn as best you can. There will be a major reset, where the dollar is cut severely. I look at a similar situation as what happened in Cypress. Banks close and they took the people's money. We already have had the district of criminals talking of getting their hands on 401k's, ect. They view it as their money and obama pretty much said so years ago. The hand writing is on the walls, choose to ignore it at your own peril.
I base a lot of what I have said here on the book by Aguirre: Surviving the Economic Collapse. It is about the only reference I have found that actually is an example of what happens with hyperinflation. I don't agree with all that he says, but it at least shows a recent example of political corruption and how it drags an entire country to it's knees. It also shows the practical side of how to prepare for day to day life, and not in a survivalist kind of a way.
If any of you know of a book that lays out what is going on in Venezuela today, please let me know.
Good post. However, "book by Aguirre: Surviving the Economic Collapse" is not the only reference. History of the world is the best reference.
And yet we do nothing but take it...........
Wouldn’t I be nice if men just didn’t pay state and federal taxes in mass and were willing to punish any foot soldier that dared to try and take it. It would be the start of a glorious movement. It would take sacrifice and men would die. To make change this is the price. Anything less than accepting death to save the future of our children is bullshit talk to pass time and you know it.
Wouldn’t I be nice if men just didn’t pay state and federal taxes in mass and were willing to punish any foot soldier that dared to try and take it. It would be the start of a glorious movement. It would take sacrifice and men would die. To make change this is the price. Anything less than accepting death to save the future of our children is bullshit talk to pass time and you know it.
Nothing will happen till the "good" folks wake up from their brainwashing of excusing the "King's Men" from their evil deeds because they were "just obeying the law" or "just following orders" or "Just doing their duty".
When every single person who enforces some law/ruling/judgement/dictate/pogrom has to personally face the consequences of their actions to the full extent of biblical justice, then we will see some real change.
You also have to get the "Good folks" to stop slavishly worshiping the stupid law as some holy creed.
The law is a big mess made by a bunch of totally flawed humans. Stop worshiping your own corrupt creations, instead do what is right, and decent.
If that happens to be against the law, so be it. If someone doesn't obey an unjust or bad law, don't go siding with the oppressors against them.
I'd suggest the book "A Connecticut Yankee in King Arthur's court" best sums up why people so richly deserve the slavery they beg for.
I agree. It’s a shame what people will rationalize in their minds. A lady in Galveston was arrested for not wearing a mask in Bank of America which is of course a publicly traded billion dollar corporation. She is charged with trespassing and resisting arrest.
A police officer gave me the whole private property spill to defend the officers involved considering they were defending private property and that I must not believe in private property. I made sure to point out the fact that government doesn’t believe in private property. If they did they wouldn’t have sent out their troops (police) to harass and intimidate private business owners into closing down and going broke during this made up pandemic and harassing and arresting people in their own homes as well. This was all done at the state, county, and/or city level. I wonder if cops like this man have any morals at all? Can they enforce shit like this and feel okay with it? Regardless of how they feel or what they think, the mission gets done and that’s a problem. What a freaking hypocrit.
These big corps and the gov’t are one in the same. They both are used to dictate and control the masses. Small independent businesses are a thorn in their side which is why they were and are under attack. The tax increases coming along with the inflation and shortages of goods will destroy many more. Part of the plan. You want a job, submit to the big corps policies or join the federal or state govt. You have to sell your soul and suppress any sense of morality to do be a part of either today. I know this last statement will piss some off because deep down they know it’s true.
Guys have these conversations with people outside these forums.
You are right. It wouldn’t be to break the govt as they print more. It is just one example of rebellion that may be to extreme for many although extreme is what is needed. There must be rebellion regardless.
These people know what they are doing. They are printing this money to break us so we will submit. I sure hope it has the opposite effect.
You could actually legally go on tax strike and not pay any taxes.
But it would mean adjusting your income dramatically and having to live at a lot lower standard of living.
That's why the government keeps getting away with it.
As long as you can still be a bit better off by helping pay for the government, you will grumble but still pay for the ones that enslave you.
They know it and count on it.
As long as they know you will just talk with them politely and they are perfectly protected from any consequences of their actions, they will gladly do all the oppression they are paid to do without any care in the world because they are "special animals" who get to be "more equal".
What if perhaps instead of the good folks "backing the police," they just simply shrugged next time the commissars the police serve, toss the police to the mob as a scapegoat when the Antifa types are all riled up? Next time some BLM types are going on about "defund the police", the good folks just stepped back and grabbed some popcorn and said... "Say, weren't they going and arresting folks that defended themselves from mobs while doing nothing to stop rampaging murderous mobs themselves? Maybe we just sit this one out..."
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