Author Topic: New inflation rate 7.9%  (Read 1766 times)

Dave D

  • Getbig V
  • *****
  • Posts: 17073
Re: New inflation rate 7.9%
« Reply #25 on: March 10, 2022, 09:28:46 AM »
My worry is that if we don't get the prices of gas under control, it could lead to civil unrest.

I see it from the perspective of supply chain disruptions involving truckers not being able to properly fill their gas tanks in order to deliver the food we purchase for consumption. I see it from the perspective of day laborers throughout the heartland of America that use their pickup trucks to get to and from work.

I see it from the perspective of the "average" person that has a job that hypothetically pays $15/hr. If the cost to fill their cars with gas continues to rise and the distance they have to drive to get to/from work is substantial enough (>15 miles), it might not make much sense to use their cars as they might not be able to break even over the course of days when you account for the fact that a third of what they make ($15/hr) is taxed, which brings it closer to real rate of $10/hr and then the fact that depending on what they have to spend on gas/day and food while at work, they might be getting paid more like $5/hr after all is said and done.

I fear that sooner or later, we could have a full blown revolution of some sort (might not be downright violence involved, but maybe government being overthrown).

"1"

On paper this seems logical but remember we are just coming out of a 6 month lockdown. People didn’t do much protesting and the groups that did were “fighting” for civil rights.

The American public is confused and looking to the government for answers and direction.

We are brainwashed to believe our media. Remember the “insurrection”, that was painted as if it were a violent attack on America but the other protests that involved looting, burning down of public buildings and takeovers were considered peaceful.

I’ve said for a longtime now that if we had a modem day “Boston tea party” moment the media would paint those revolutionaries as lunatics.

Major uprisings (from common citizens, trash will always behave accordingly) are as likely as Bhanks fighting anyone from Getbig.

myt1

  • Getbig V
  • *****
  • Posts: 4275
  • Getbig!
Re: New inflation rate 7.9%
« Reply #26 on: March 10, 2022, 09:33:22 AM »
The thing is though, I don't think this is so much a LEFT vs RIGHT thing. This is the narrative that the American system wants their citizens to believe. I believe firmly that America is a socioeconomic experiment in the evolution of capitalism towards some other economic system.

I believe special interest groups put these puppets (Trump and/or Biden or Obama) in power. I think these figureheads have very little power in Washington, or at least not as much as people presume. As you know, a President is essentially a paper tiger unless the legislative and judicial branches are behind them. Presidents have bills to pay to their handlers by way of favors and executive orders that facilitate the agenda of their campaign investors. Moreover, I think that what rules this world is money. If you want to have sight beyond sight and see what is coming next, look to the rulers of this world. Start with BlackRock for instance, evaluate what the G7 summits have put out, look at powerhouses like Ray Dalio and also follow carefully what George Soros invests in. Then consider what Bill Gates is slowly moving towards, as well as Elon Musk and Jeff Bezos. We (the people) are too small to matter. We are an excess of reproduction that is leading to unsustainable population levels which can drastically bleed the earth of its scarce resources. We are, unfortunately, in the way of what those that control the world want.

Anyway, I went far too deep down the rabbit hole and I apologize.

"1"

No you didn't, and as long as my posts are me and Matt should be the last people on here you ever need to apologize to for going down a "rabbit hole" or a long post.  LOL!

I agree with everything you said except for 2 things.  1) I don't think Trump was inserted or was a puppet of any kind.   I think 2016 was the last fair and true election we had/might ever will have had, and that he through a monkey wrench in their whole agenda slowing them down.  That's why things have escalated so much in only one year "under Biden's term" 2) You left out Buffet and Klaus/Davos or Devos....whatever the hell that group is called.

myt1

  • Getbig V
  • *****
  • Posts: 4275
  • Getbig!
Re: New inflation rate 7.9%
« Reply #27 on: March 10, 2022, 09:44:13 AM »
^this

This was all REPEATEDLY predicted.  Keep those Biden bucks coming.

Let's Go Brandon









LET'S GO BRANDON

Dude has been right about everything he said, because he understands business and YES he knows how the system works and how to work it.  That's why I fucking voted for him.  I don't give a shit about his tweets...I don't even have any social media presence other than here if you consider this social media.

Biden is clueless, and has not only accomplished nothing, but destroyed what was literally gifted to him on a silver platter and completely fucked it up in new ways.  Only someone who has been in office since around Carter's time could bring us back to the shitstorm that happened while he was Prez.

Gas shortage coming soon!

POB

  • Getbig IV
  • ****
  • Posts: 3381
Re: New inflation rate 7.9%
« Reply #28 on: March 10, 2022, 09:44:20 AM »
Trump and russias fault Biden is best president ever look at the 1 year results

myt1

  • Getbig V
  • *****
  • Posts: 4275
  • Getbig!
Re: New inflation rate 7.9%
« Reply #29 on: March 10, 2022, 09:50:50 AM »
Now imagine spending 35 years of your life explaining to customers every single year how inflation works and what CPI is.

This has been my life as an accountant. Chaos, I prefer the #4 Buckshot if you decide to take me out of my misery.

"1"

LMAO!  I honestly feel for you having to explain things 2-3 times to people.  I had to use a CPA 2 years when I did outside sales, and I wondered how he kept from sighing out loud, his brain exploding, or him just saying "just get the fuck out" when I would re-word the same question trying to understand what I could write off. ;D  On the plus side you guys make good money, especially if you are on your own, and you have some down time.  I don't know how you even have time to post on here during tax time?

myt1

  • Getbig V
  • *****
  • Posts: 4275
  • Getbig!
Re: New inflation rate 7.9%
« Reply #30 on: March 10, 2022, 10:50:50 AM »
libtards are braindead
butt hurt over mean tweets and abrasive personality  ::)
biden is more abrasive and dismissive as anyone, senile old kvnt

bite off nose to spite face
sensitive flamers
must suck when the guy you hate, who takes up all your little-head real estate, owns the fukk out of you daily.


$7 gas under Joe Biden and his Socialist Regime

Good clip, and I love this channel as well as their other one Sports wars.  I don't have a YT/Google acct, cuz I refuse to give them my phone #.  Mail.com is the way to go.  Anyway, I concur with his thoughts and have wondered, how the fuck are people like me on disability, poor,  or on welfare legit, or kids in college working pt jobs for 12 bucks an hour going to afford a $60K+ car?  And if EV's do get to where the left wants them, why don't they understand home electricity will go through the fucking roof because the demand for coal will go up at insane amount.  Plus the vids I've watched on EV's show a conflicting type of chargers at stations....in other words you can/can't charge a Tesla at one place, and you can/can't charge another type of EV at another......and it costs roughly the same.   We only have 2 places that I know of here to charge.  They are both a gallon of gas away from me, which from what I assume from what I've watched is the equivalent cost-wise to driving an EV to charge, and it takes like 30 fucking minutes vs. 5 to fill an almost empty tank.  What if you are in a rush to work....have to get to the dr....or God forbid to the ER?  Who the fuck has time for that in our fast paced world, and how is this saving the planet?  Covid was a short scam, but this whole climate change shit is the longest running scam ever "fueled" by people flying private jets, and presidents flying AF1 and 2 along with fighter planes flanking them.  Same thing with the prez's helocopters.  Flanked by fighter jets, and more than one copter so hostile's don't know which one to target.   
Obuma came here once for a nothing visit to a teacher.  I knew where he was based on the "live" feed (it's actually 10 minutes behind for safety), so based on where he was going I knew he would be coming down a highway 3 blocks from me.  I hate that fucking dude, but wanted to see what a motorcade looks like.  I counted 15 vehicles that were obviously fed, and every street (4) had at least two cop/sheriff vehicles barricading them until he passed.  "Save the planet".....as bhanky would say....GTFOH!  Between flying the fed vehicles, AF1 and 2, fighter jets, city logistics, popo, and sheriffs vehicles and wages, I would guess that it cost around $3 million dollars for him to come here to thank some libtard teacher over some bullshit letter "she wrote" him about how great he was, and to give a speech that meant nothing as he was in his second term, and no one knew who was going to be the candidate on either side at the time.

Also, the part he mentioned about how wind is true, but living in the midwest and being on the road for two years doing sales seeing broken ones only 10 years in shows they are not sustainable.  They are made in China, brought here on ships using diesel fuel, and then trucked using diesel fuel one to 2 pieces at a time + a front and rear "wide load" car in the line up.....total of about 6-8 vehichles....mostly semi's ....how is that saving the planet.

What I really love most about these two guys and their channels is that the cover everything.  Politics, mostly sports, "celebs",etc. and call out bullshit.  The real brilliance of Matrixx and Rhodes is how they decide to cover shit.  Matrixx covers all the minority shit, and Rhodes covers other things....other than him calling Lebron LeChina, which is more poliitcal.  When they do duo casts they stick to that, so really no one can ever touch them other than calling Matrixx an uncle Tom which like Tatum, he can handle it.

Didn't know anyone else on here was watching them til now.  Glad they are catching on!



IroNat

  • Getbig V
  • *****
  • Posts: 39027
  • "Make up your mind, Rico." - Lt. Jean Rasczak
Re: New inflation rate 7.9%
« Reply #31 on: March 10, 2022, 11:24:54 AM »
"Let them eat cake."


GymnJuice

  • Getbig V
  • *****
  • Posts: 6436
Re: New inflation rate 7.9%
« Reply #32 on: March 10, 2022, 11:42:48 AM »
I'm not an economics guy but I figure all the free money that gets thrown around leads to inflation.

IroNat

  • Getbig V
  • *****
  • Posts: 39027
  • "Make up your mind, Rico." - Lt. Jean Rasczak
Re: New inflation rate 7.9%
« Reply #33 on: March 10, 2022, 12:03:46 PM »
I'm not an economics guy but I figure all the free money that gets thrown around leads to inflation.

You don't have an economics degree like AOC so your opinion doesn't count.

tommywishbone

  • Competitors II
  • Getbig V
  • *****
  • Posts: 20535
  • Biscuit
Re: New inflation rate 7.9%
« Reply #34 on: March 10, 2022, 12:41:21 PM »
 When gasoline hits $8 per gallon this entire thing will come apart.  Chaos. Real chaos, not that bullshit manufactured Covid chaos.
a

Mayday

  • Getbig IV
  • ****
  • Posts: 3009
Re: New inflation rate 7.9%
« Reply #35 on: March 10, 2022, 01:44:32 PM »
Don’t forget CPI is a lagging indicator.

So just like when covid started and the mongs on here claimed hyperinflation in month 1 and failure of currency by end of 2020, we are already 3 months into the deflationary event. you just don’t feel it yet

It’s taken 2yrs to go from -2% CPI to 7.9% CPI.

The target is 2% by year end which is pretty much 8 months away. To get that low so quick the Fed isn’t going to backstop where people think they will. Demand will be sucked the fuck out of everything and shit simply won’t be cheap nor will you find most things on the shelves (per my thread).

Deflationary event started in December and it all depends on if this war is solvable or whether the US escalates it.

TheGrinch

  • Getbig V
  • *****
  • Posts: 5029
Re: New inflation rate 7.9%
« Reply #36 on: March 10, 2022, 01:52:35 PM »
Don’t forget CPI is a lagging indicator.

So just like when covid started and the mongs on here claimed hyperinflation in month 1 and failure of currency by end of 2020, we are already 3 months into the deflationary event. you just don’t feel it yet

It’s taken 2yrs to go from -2% CPI to 7.9% CPI.

The target is 2% by year end which is pretty much 8 months away. To get that low so quick the Fed isn’t going to backstop where people think they will. Demand will be sucked the fuck out of everything and shit simply won’t be cheap nor will you find most things on the shelves (per my thread).

Deflationary event started in December and it all depends on if this war is solvable or whether the US escalates it.

except War is Inflationary

Mayday

  • Getbig IV
  • ****
  • Posts: 3009
Re: New inflation rate 7.9%
« Reply #37 on: March 10, 2022, 09:19:46 PM »
except War is Inflationary

Stop the drool from your 120 IQ.

Deflationary event before inflationary policy/outcome.

You wouldn’t have 7.9% CPI without the pandemic.

Saying the world will end and claiming victory 3B years later is pretty 120 IQ because you miss the shit that happens before it.

Look at the charts since December - how is that not deflationary? . War today is deflationary right now as sanctions are a wrecking ball on demand. Nobody out there right now buying more shit today than 2yrs ago. You will get 2% CPI in 8 months and be a wrecked pleb who doesn’t buy shit……AFTER that happens you will be begging for stimmy bucks and be burned alive by inflation all over again.

We either see more/increased sanctions in energy to fuck everybody up or we see rate rises or we see both. The Fed is not backstopping anything right now and people are gunna end up wrecked to the eyeballs. The best policy is to wait it out until we see the Fed open the warchest and start pumping stimmy out.


FitnessFrenzy

  • Getbig V
  • *****
  • Posts: 29217
  • faux pas
Re: New inflation rate 7.9%
« Reply #38 on: March 11, 2022, 12:45:36 AM »
let us see what the inflation rate is next year around may, when we have had the series of US rate hikes, which they have announced.