Author Topic: Inflation Rate (CPI) at 4.2%  (Read 1610 times)

Marty Champions

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Re: Inflation Rate (CPI) at 4.2%
« Reply #25 on: May 13, 2021, 05:21:05 AM »
There is a dire consequence to the government demanding that businesses pay a “living wage” to people who do not have “living wage” skills.

People on a fixed income should be absolutely terrified by the Biden administration’s economic policies.
Why would a welfare bum not like biden
Welfare bums have been favored for the past 20 years atleast
A

Walter Sobchak

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Re: Inflation Rate (CPI) at 4.2%
« Reply #26 on: May 13, 2021, 08:06:44 AM »
Why would a welfare bum not like biden
Welfare bums have been favored for the past 20 years atleast

Exactly Joon.

When I was growing up I only ever heard of one family being on welfare and there was a horrible stigma attached to it. Everyone in the area pitched in to help the family and people donated things to them.

Now being on welfare is like a badge of honor and a sign of sticking it to “the man.”

It reminds me of England in the 80’s under Margaret Thatcher, when the younger generation absolutely refused to work. The Democrat Party doesn’t care, they are more than willing to ruin America just to remain in power. The are not a party of government “for the people.”

loco

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Re: Inflation Rate (CPI) at 4.2%
« Reply #27 on: May 13, 2021, 08:22:28 AM »

And the 70's and 80's sucked for the value of a dollar! 2008 was also insanity.  It has only been recently that the rate has gotten reasonable:


United States Core Inflation Rate

No argument from me.

What is it that got the inflation rate "reasonable" only recently?

SOMEPARTS

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Re: Inflation Rate (CPI) at 4.2%
« Reply #28 on: May 13, 2021, 08:24:30 AM »
Exactly Joon.

When I was growing up I only ever heard of one family being on welfare and there was a horrible stigma attached to it. Everyone in the area pitched in to help the family and people donated things to them.

Now being on welfare is like a badge of honor and a sign of sticking it to “the man.”

It reminds me of England in the 80’s under Margaret Thatcher, when the younger generation absolutely refused to work. The Democrat Party doesn’t care, they are more than willing to ruin America just to remain in power. The are not a party of government “for the people.”


Dem party is so far from being a labor party yet the unions still vote dems. Crazy.

Walter Sobchak

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Re: Inflation Rate (CPI) at 4.2%
« Reply #29 on: May 13, 2021, 08:54:22 AM »

Dem party is so far from being a labor party yet the unions still vote dems. Crazy.

I had a guy who defected from communist Russia who used to work for me, he summed up communism this way:

“We pretended to work, they pretended to pay us.”

OneMoreRep

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Re: Inflation Rate (CPI) at 4.2%
« Reply #30 on: May 13, 2021, 09:18:21 AM »
They are apparently ok with 5% CPI.

They are risking triggering a massive deflationary spiral.

The system is leveraged 25x.

You give free money to people. Those people no longer work therefore productivity drops yet they can purchase available goods. Supply dries up, prices go up, costs go up, margins get squeezed and wages get frozen. Wages will not go up unless mandated by law or unions.

They just caused a property boom with people already max leverage. What do you think breaks when daily costs fly up? They default in their mortgage and people squat. What happened last time we experienced a mass default on mortgages? A global liquidity crisis which is a deflationary.

Mayday! Mayday!

You know I've been preaching this sermon for the better part of an entire year.

I don't want anything bad for the USA, but fuck, the writing has been on the wall about 1 year + 2 months since the start of COVID.

"1"

residue

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Re: Inflation Rate (CPI) at 4.2%
« Reply #31 on: May 13, 2021, 09:25:00 AM »
There is a dire consequence to the government demanding that businesses pay a “living wage” to people who do not have “living wage” skills.

People on a fixed income should be absolutely terrified by the Biden administration’s economic policies.

What's a living wage skill? where exactly is the line?

Because every piece of shit girl in the trump administration went on tv and tanked grocery store workers last year for their essential labour. Certainly if something is essential it's deserving of a living wage

loco

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Re: Inflation Rate (CPI) at 4.2%
« Reply #32 on: May 13, 2021, 09:57:08 AM »
I had a guy who defected from communist Russia who used to work for me, he summed up communism this way:

“We pretended to work, they pretended to pay us.”

Funny, I heard that exact same thing too from a Cuban.   :D

Matt

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Re: Inflation Rate (CPI) at 4.2%
« Reply #33 on: May 13, 2021, 01:00:22 PM »
Exactly Joon.

When I was growing up I only ever heard of one family being on welfare and there was a horrible stigma attached to it. Everyone in the area pitched in to help the family and people donated things to them.

Now being on welfare is like a badge of honor and a sign of sticking it to “the man.”

It reminds me of England in the 80’s under Margaret Thatcher, when the younger generation absolutely refused to work. The Democrat Party doesn’t care, they are more than willing to ruin America just to remain in power. The are not a party of government “for the people.”

Today a friend of mine came by to visit me [I've been locked in my attic for the past 14 months now, and finally had enough].

My friend specifically mentioned your posts - apparently I've learned that a few of my friends who read my online posts are now reading them on Getbig because it's the only place I post on now since everything else censors too much.

My friend said "Didn't that guy on Getbig say that you hate Black people but told a Black guy who posts there [Goodrum] that if he had babies, they would look like Oprah when she was at her fattest or something?"

I just about laughed out loud.

So apparently you have a Thunder Bay audience that I wasn't aware of.

Regarding your post - yeah, exactly. A friend of mine said that some Joe Biden voters were having buyer's remorse due to his interventionist military policy.

Bullshit. All these people want is the politician who gives them the most free stuff. And these same people call others greedy for just wanting to keep the money they earn. Literally the only thing that Democrats want is free stuff and monetary handouts doled out to them, paid for my money stolen from working Americans [and Liberals in Canada want the same, from money stolen from working Canadians].

As soon as the anti-war left disappeared with Obama in 2008, I realized that these people couldn't give a hang about anything except getting more free stuff.

I can't believe I used to think liberals and leftists had some actual values and principles. From what I can tell, the only value they have is whatever value in other people's money that their government check is worth.

As you said - it's like a badge of honour being on welfare now. Either that, or at the least, no one cares. The stigma is mostly gone [probably that - that there is simply much less stigma associated with being on welfare compared to decades past].

Yet somehow this system is still staying afloat...at least for now. It would seem like there has to be a time when the bottom of this drops off...but no. Not yet at least.

I feel like something is coming, and yet it just hasn't happened yet, and I'm starting to think the entire economy is just a giant global Ponzi Scheme.

SOMEPARTS

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Re: Inflation Rate (CPI) at 4.2%
« Reply #34 on: May 13, 2021, 01:11:35 PM »
What's a living wage skill? where exactly is the line?

Because every piece of shit girl in the trump administration went on tv and tanked grocery store workers last year for their essential labour. Certainly if something is essential it's deserving of a living wage



Liberals are overly emotional and know/care nothing about how a free market economy actually works.

I mean the whole thing is busted wide open now so who' counting... but in general...NO bagging groceries is NOT a job that you should get 40k and insurance for because it doesn't add enough value.

Walter Sobchak

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Re: Inflation Rate (CPI) at 4.2%
« Reply #35 on: May 13, 2021, 01:22:59 PM »
What's a living wage skill? where exactly is the line?

Because every piece of shit girl in the trump administration went on tv and tanked grocery store workers last year for their essential labour. Certainly if something is essential it's deserving of a living wage

Being an essential worker does not mean you have an essential skill set.

If a high school summer student can do your repetitive, menial job, that sets the salary limit.

Why do you think the liberal darling AOC worked as a bartender? Not because of her skill set, but because the “socialist” wanted to work for cash and not pay the government taxes.

So now she wants to spend tax money like a drunken sailor, but never wanted to pay tax during her “working career.”

Marty Champions

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Re: Inflation Rate (CPI) at 4.2%
« Reply #36 on: May 13, 2021, 01:25:37 PM »
Today a friend of mine came by to visit me [I've been locked in my attic for the past 14 months now, and finally had enough].

My friend specifically mentioned your posts - apparently I've learned that a few of my friends who read my online posts are now reading them on Getbig because it's the only place I post on now since everything else censors too much.

My friend said "Didn't that guy on Getbig say that you hate Black people but told a Black guy who posts there [Goodrum] that if he had babies, they would look like Oprah when she was at her fattest or something?"

I just about laughed out loud.

So apparently you have a Thunder Bay audience that I wasn't aware of.

Regarding your post - yeah, exactly. A friend of mine said that some Joe Biden voters were having buyer's remorse due to his interventionist military policy.

Bullshit. All these people want is the politician who gives them the most free stuff. And these same people call others greedy for just wanting to keep the money they earn. Literally the only thing that Democrats want is free stuff and monetary handouts doled out to them, paid for my money stolen from working Americans [and Liberals in Canada want the same, from money stolen from working Canadians].

As soon as the anti-war left disappeared with Obama in 2008, I realized that these people couldn't give a hang about anything except getting more free stuff.

I can't believe I used to think liberals and leftists had some actual values and principles. From what I can tell, the only value they have is whatever value in other people's money that their government check is worth.

As you said - it's like a badge of honour being on welfare now. Either that, or at the least, no one cares. The stigma is mostly gone [probably that - that there is simply much less stigma associated with being on welfare compared to decades past].

Yet somehow this system is still staying afloat...at least for now. It would seem like there has to be a time when the bottom of this drops off...but no. Not yet at least.

I feel like something is coming, and yet it just hasn't happened yet, and I'm starting to think the entire economy is just a giant global Ponzi Scheme.
the entire economy is a joke because everything is purchased with fake money. You can get so n so to do your bidding with fake money. You can buy food and shelter with fake money. No matter how amazing a thing is you can buy it with fake money. The insiders get the most fake money they can create companies at will to war with other companies they created just for the hell of it
A

OneMoreRep

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Re: Inflation Rate (CPI) at 4.2%
« Reply #37 on: May 13, 2021, 01:26:00 PM »
Why do you think the liberal darling AOC worked as a bartender? Not because of her skill set, but because the “socialist” wanted to work for cash and not pay the government taxes.

So now she wants to spend tax money like a drunken sailor, but never wanted to pay tax during her “working career.”

Socialist running away from paying taxes, to now abusing our tax dollars by playing the political celebrity posing with fake tears in front of cages for South Americans.

"1"

Walter Sobchak

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Re: Inflation Rate (CPI) at 4.2%
« Reply #38 on: May 13, 2021, 01:26:09 PM »
Today a friend of mine came by to visit me [I've been locked in my attic for the past 14 months now, and finally had enough].

My friend specifically mentioned your posts - apparently I've learned that a few of my friends who read my online posts are now reading them on Getbig because it's the only place I post on now since everything else censors too much.

My friend said "Didn't that guy on Getbig say that you hate Black people but told a Black guy who posts there [Goodrum] that if he had babies, they would look like Oprah when she was at her fattest or something?"

I just about laughed out loud.

So apparently you have a Thunder Bay audience that I wasn't aware of.

Regarding your post - yeah, exactly. A friend of mine said that some Joe Biden voters were having buyer's remorse due to his interventionist military policy.

Bullshit. All these people want is the politician who gives them the most free stuff. And these same people call others greedy for just wanting to keep the money they earn. Literally the only thing that Democrats want is free stuff and monetary handouts doled out to them, paid for my money stolen from working Americans [and Liberals in Canada want the same, from money stolen from working Canadians].

As soon as the anti-war left disappeared with Obama in 2008, I realized that these people couldn't give a hang about anything except getting more free stuff.

I can't believe I used to think liberals and leftists had some actual values and principles. From what I can tell, the only value they have is whatever value in other people's money that their government check is worth.

As you said - it's like a badge of honour being on welfare now. Either that, or at the least, no one cares. The stigma is mostly gone [probably that - that there is simply much less stigma associated with being on welfare compared to decades past].

Yet somehow this system is still staying afloat...at least for now. It would seem like there has to be a time when the bottom of this drops off...but no. Not yet at least.

I feel like something is coming, and yet it just hasn't happened yet, and I'm starting to think the entire economy is just a giant global Ponzi Scheme.

Matt I stopped reading after the first few sentences.

So I have three questions if you can answer in cliff notes:

Did you suck your friend’s dick?

Did you blame “the Jews”?

Did you make a reference to Hitler or brag about one of your obscure accomplishments?

Walter Sobchak

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Re: Inflation Rate (CPI) at 4.2%
« Reply #39 on: May 13, 2021, 01:27:07 PM »
Socialist running away from paying taxes, to now abusing our tax dollars by playing the political celebrity posing with fake tears in front of cages for South Americans.

"1"

I’d still plow her in the shitpipe....

Matt

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Re: Inflation Rate (CPI) at 4.2%
« Reply #40 on: May 13, 2021, 01:53:26 PM »
What's a living wage skill? where exactly is the line?

Because every piece of shit girl in the trump administration went on tv and tanked grocery store workers last year for their essential labour. Certainly if something is essential it's deserving of a living wage

I see we have a Biden supporter in the house.

It would be cool if liberals understood first year economics concepts. If they did, I could actually tolerate talking to them.

But ok, I'll bite:

Why not raise minimum wage to $25 an hour, instead of $15 an hour?

Ok, why not $100 an hour then? How about a MILLION DOLLARS AN HOUR. Wait, no - a TRILLION DOLLARS AN HOUR!

Then we could all live in mansions, and employ a million people, and - OH WAIT, SHIT, IF EVERYONE HAD A TRILLION DOLLARS FROM ONE HOUR'S WORTH OF WORK, NO ONE WOULD EVER NEED TO WORK AGAIN.

And it's exactly taking the minimum wage argument to absurdity that shows why it doesn't work at ANY pay level.

Minimum wage won't work if it's raised to $100 an hour. Even dumb shit leftist Biden supporters *should* have enough IQ to grasp that [but apparently, even that isn't always the case]. So if you can understand why minimum wage can't work at $100 - or $1,000, or $10,000 - an hour [any huge number], then it's not that difficult to understand why minimum wage has the same impact [inflationary impact on prices, reduction in jobs growth, if not an outright increase in unemployment] at *any wage increase*.

I swear, there is a leftist in my city who myself and a friend of mine who is a banker [who has an undergraduate degree in economics] have explained this to literally a dozen times each or more over the past ~15 years, and he STILL doesn't get it.

We've literally simplified the argument to a form close to "2+2=4", and he still doesn't get it.

But I guess that's how liberals think. That all you have to do is make minimum wage $15 an hour and BOOM, NO MORE POVERTY EVER AGAIN.

Or just confiscate all guns - it's not like governments with all the guns could exploit or oppress people who unilaterally disarm themselves or anything like that.  ::)

And "just make healthcare free!!!"

Tell that to the 450,000 Canadians who have had their elective surgeries cancelled because "COVID is overwhelming our hospitals."

LMAO - our hospital in Thunder Bay is empty, but to keep the facade of COVID being scary, our scumbag premier has cancelled elective surgeries in Ontario "until COVID ends" [Premier Doug Ford, who is a Conservative, but does literally NOTHING differently than the federal Liberal Party].

"Just wear a mask" became "Just postpone your mastectomy" pretty fast. No one could have predicted that.  ::)

The point I'm making is that leftists think everything is solved by giving free stuff to people. Meanwhile, I had a doctor's appointment scheduled 38 days ago, that got cancelled because my doctor was sick after taking his second dose of his Phizer "vaccine".

He finally contacted me today, and said he has room for me tomorrow.

That's Canadian "free healthcare" for you.

My point is, leftists oversimplify everything, when if they actually bothered to study the ideas they propose, they would realize that they fall apart under the slightest scrutiny.

Minimum wage has been completely refuted for at least 60 years now. Every single meta-analysis has rejected it as a workable policy, and yet people STILL talk about nonsense like a "living wage".

This is why leftists constantly push for censorship. Because assuming any level of freedom of speech at all, all the nonsense that leftists believe falls apart like a house of cards when examined in even the tiniest way possible.

I respect anyone who works for a living [especially in this woke era where you get fired for having a kindergartener's knowledge on biological sex], but living wage - like minimum wage - just doesn't work.

All leftists do is cherry pick examples of countries that have a higher concentration of White people and use it as "proof" that socialism is better.

"Look at how amazing Canada is - they don't have as much gun violence as the USA because they have stricter gun laws!!"

Oh gee, I wonder if the USA may have more gun violence than Canada because the USA has a 13% Black population that commits 56% of all gun crime?  ::)

Nope, it can't be THAT.

But that's what moron liberals do - they take an apples and onions comparison between nations, then claim socialism is why one country is better.

All the while, these same fools want to import the third world, which will cause MORE suppression of wages, and MORE violence - exactly what these liberal jackasses claim to be against.

And of course - all these liberal supporters of "living wages" buy electronic devices and other goods made from near slave labour in China.  ::)

Because heaven forbid a liberal or leftist DARE to practice what they preach. Nope - they can't have that!

residue

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Re: Inflation Rate (CPI) at 4.2%
« Reply #41 on: May 13, 2021, 02:18:37 PM »
Being an essential worker does not mean you have an essential skill set.

If a high school summer student can do your repetitive, menial job, that sets the salary limit.

Why do you think the liberal darling AOC worked as a bartender? Not because of her skill set, but because the “socialist” wanted to work for cash and not pay the government taxes.

So now she wants to spend tax money like a drunken sailor, but never wanted to pay tax during her “working career.”

maybe she's a people person and just enjoys being around happy folks

residue

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Re: Inflation Rate (CPI) at 4.2%
« Reply #42 on: May 13, 2021, 02:19:51 PM »


Liberals are overly emotional and know/care nothing about how a free market economy actually works.

I mean the whole thing is busted wide open now so who' counting... but in general...NO bagging groceries is NOT a job that you should get 40k and insurance for because it doesn't add enough value.

that's fine, but then don't be shocked when no one wants to work and your business goes belly up

Body-Buildah

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Re: Inflation Rate (CPI) at 4.2%
« Reply #43 on: May 13, 2021, 02:21:10 PM »
To sum up Matts awesome post:

Libturdz are brain-dead morons.

Walter Sobchak

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Re: Inflation Rate (CPI) at 4.2%
« Reply #44 on: May 13, 2021, 02:47:10 PM »
maybe she's a people person and just enjoys being around happy folks

And what is a competitive salary for “being a people person?”

The lead socialist in the Socialist Democrat Party went out of her way to avoid paying her tax obligation to the government.

Democrats = liars and hypocrites.

residue

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Re: Inflation Rate (CPI) at 4.2%
« Reply #45 on: May 13, 2021, 03:01:51 PM »
And what is a competitive salary for “being a people person?”

The lead socialist in the Socialist Democrat Party went out of her way to avoid paying her tax obligation to the government.

Democrats = liars and hypocrites.
she didn't design the asinine cash tipping system that pretty much only exists in america. Maybe the bar should have paid her on the books hourly and deducted her fair share

SOMEPARTS

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Re: Inflation Rate (CPI) at 4.2%
« Reply #46 on: May 13, 2021, 05:12:56 PM »
that's fine, but then don't be shocked when no one wants to work and your business goes belly up


That is the socialist agenda.

SOMEPARTS

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Re: Inflation Rate (CPI) at 4.2%
« Reply #47 on: May 13, 2021, 05:14:17 PM »
she didn't design the asinine cash tipping system that pretty much only exists in america. Maybe the bar should have paid her on the books hourly and deducted her fair share


You sound like a bitter communist waiter.

Walter Sobchak

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Re: Inflation Rate (CPI) at 4.2%
« Reply #48 on: May 13, 2021, 05:30:19 PM »
she didn't design the asinine cash tipping system that pretty much only exists in america. Maybe the bar should have paid her on the books hourly and deducted her fair share

No one demanded that she take that job.

So how can she demand that the government set the salary requirements for something that you just admitted is her hobby and not her life’s work?

There are tens of thousands of liberal arts graduates working....for Uber.

Mayday

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Re: Inflation Rate (CPI) at 4.2%
« Reply #49 on: May 14, 2021, 01:06:41 AM »
Mayday! Mayday!

You know I've been preaching this sermon for the better part of an entire year.

I don't want anything bad for the USA, but fuck, the writing has been on the wall about 1 year + 2 months since the start of COVID.

"1"

I know dude but the problem is everyone is way too early on that call.

We are still not ‘there’ yet.

We were tapping 15%s like pros in the 70s and we didn’t collapse. We were tapping 8s in the 80s and we still soldiered on.

We hit 4% for 3 months for the first time in 30yrs and people are going apeshit like it’s the end of the world lol.

Fuel is still cheap. Food is still cheap. Energy. Internet. All cheap.

Americans took to the streets for BLM. When you see 10x the number of protestors every single day protesting about lack of jobs, poor wages, food shortages, THEN you know we are ‘there’.

Maybe by 2025 we will be feeling a bit of pain and perhaps nearing 2028 we will be in the shit. Weimar took a decade to play out and it only hyperinflated in the final year.