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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Inflation

Inflation

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  • LuFins DadL Offline
    LuFins DadL Offline
    LuFins Dad
    wrote on last edited by
    #4

    Seriously, though? Inflation at the wholesale level winds up being compounded by the time it gets to the consumer. It’s going to be a hell of a Christmas…

    The Brad

    1 Reply Last reply
    • L Offline
      L Offline
      Loki
      wrote on last edited by
      #5

      And the reason for all this inflation is????

      George KG 1 Reply Last reply
      • L Loki

        And the reason for all this inflation is????

        George KG Offline
        George KG Offline
        George K
        wrote on last edited by
        #6

        @loki said in Inflation:

        And the reason for all this inflation is????

        Simple: "We can't go bankrupt! We'll create as much money as we need."

        weimar_million_note_reichsmark_9-11-21.jpg

        "Now look here, you Baltic gas passer... " - Mik, 6/14/08

        The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

        Catseye3C markM 2 Replies Last reply
        • George KG George K

          @loki said in Inflation:

          And the reason for all this inflation is????

          Simple: "We can't go bankrupt! We'll create as much money as we need."

          weimar_million_note_reichsmark_9-11-21.jpg

          Catseye3C Offline
          Catseye3C Offline
          Catseye3
          wrote on last edited by
          #7

          @george-k said in Inflation:

          "We can't go bankrupt! We'll create as much money as we need."

          How did he mean create? Did he mean create as in printing it at the Mint, or create as in economic activity?

          Success is measured by your discipline and inner peace. – Mike Ditka

          1 Reply Last reply
          • George KG Offline
            George KG Offline
            George K
            wrote on last edited by
            #8

            https://apnews.com/article/business-producer-prices-prices-inflation-economy-56eee45eace6035280f7d3b0fe932bdc

            Inflation at the wholesale level rose 8.6% last month from a year earlier, matching September’s record annual gain and offering more evidence that inflationary pressures are not yet easing.

            The Labor Department reported Tuesday that its producer price index — which measures inflation before it hits consumers — rose 0.6% last month from September, pushed higher by surging gasoline prices. Excluding volatile food and energy prices, wholesale inflation was up 0.4% in October from September and 6.8% from a year ago.

            More than 60% of the September-October increase in overall producer prices was caused by a 1.2% increase in the price of wholesale goods as opposed to services. A 6.7% jump in wholesale gasoline prices helped drive goods prices up.

            b37127ac-6bc1-49f4-b7fe-6cc18f2cc853-860x475.jpg

            "Now look here, you Baltic gas passer... " - Mik, 6/14/08

            The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

            1 Reply Last reply
            • KlausK Offline
              KlausK Offline
              Klaus
              wrote on last edited by
              #9

              Somewhere I still have a stamp album with a (I believe) 20 billion Mark stamp.

              5c3e7f58-7ada-433f-89a5-1f875a4bdd21-image.png

              1 Reply Last reply
              • George KG George K

                @loki said in Inflation:

                And the reason for all this inflation is????

                Simple: "We can't go bankrupt! We'll create as much money as we need."

                weimar_million_note_reichsmark_9-11-21.jpg

                markM Offline
                markM Offline
                mark
                wrote on last edited by
                #10

                @george-k said in Inflation:

                @loki said in Inflation:

                And the reason for all this inflation is????

                Simple: "We can't go bankrupt! We'll create as much money as we need."

                Isn't that actually true? Since our money is the standard by which all other currencies are measured and, is no longer tied to anything for measuring its worth, can hyper-inflation even ever happen again?

                To me, the sole reason why Nixon took us off any remaining measure against gold, is so the government can spend as much as it wants into eternity. Just look at the government budgets, pre and post gold standard. There really isn't any need for an income tax post gold standard. The money supply is unlimited.

                1 Reply Last reply
                • JollyJ Offline
                  JollyJ Offline
                  Jolly
                  wrote on last edited by
                  #11

                  Until nobody wants our dollars...

                  “Cry havoc and let slip the DOGE of war!”

                  Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                  1 Reply Last reply
                  • George KG Offline
                    George KG Offline
                    George K
                    wrote on last edited by
                    #12

                    Seen on FB:

                    257587498_10218481421041951_5405985864226561803_n.jpg

                    "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                    The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                    1 Reply Last reply
                    • LuFins DadL Offline
                      LuFins DadL Offline
                      LuFins Dad
                      wrote on last edited by
                      #13

                      Remember the Farm Bureau’s .14 cent 4th of July?

                      They’re back…

                      https://www.fb.org/newsroom/farm-bureau-survey-shows-thanksgiving-dinner-cost-up-14

                      The Brad

                      LuFins DadL 1 Reply Last reply
                      • LuFins DadL Offline
                        LuFins DadL Offline
                        LuFins Dad
                        wrote on last edited by
                        #14

                        Our cost for shipping a container of goods is 5 times what it was 14 months ago.

                        The Brad

                        1 Reply Last reply
                        • JollyJ Offline
                          JollyJ Offline
                          Jolly
                          wrote on last edited by
                          #15

                          But...I had supper with a rancher last night. As usual, talk got around to the price of cows, and especially feeder calves. He's making just enough profit to keep his head above water.

                          The price that ranchers are getting for their beef does not translate into the huge increases in the store.

                          “Cry havoc and let slip the DOGE of war!”

                          Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                          1 Reply Last reply
                          • George KG Offline
                            George KG Offline
                            George K
                            wrote on last edited by
                            #16

                            Deal with it, peasant.

                            FEo--W0XwAg5JfD.jpeg

                            "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                            The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                            1 Reply Last reply
                            • George KG Offline
                              George KG Offline
                              George K
                              wrote on last edited by
                              #17

                              260050756_10221079912487847_8447368327310407636_n.jpg

                              "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                              The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                              1 Reply Last reply
                              • MikM Offline
                                MikM Offline
                                Mik
                                wrote on last edited by
                                #18

                                Let them eat chicken.

                                “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                                1 Reply Last reply
                                • George KG Offline
                                  George KG Offline
                                  George K
                                  wrote on last edited by
                                  #19

                                  image.jpeg

                                  "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                  The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                  1 Reply Last reply
                                  • George KG Offline
                                    George KG Offline
                                    George K
                                    wrote on last edited by
                                    #20

                                    "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                    The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                    1 Reply Last reply
                                    • MikM Offline
                                      MikM Offline
                                      Mik
                                      wrote on last edited by
                                      #21

                                      I'm not at all sure how you can compare the US economy, with the enormous technological and worldwide political change, to the late 60's.

                                      “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                                      Doctor PhibesD 1 Reply Last reply
                                      • MikM Mik

                                        I'm not at all sure how you can compare the US economy, with the enormous technological and worldwide political change, to the late 60's.

                                        Doctor PhibesD Offline
                                        Doctor PhibesD Offline
                                        Doctor Phibes
                                        wrote on last edited by
                                        #22

                                        @mik said in Inflation:

                                        I'm not at all sure how you can compare the US economy, with the enormous technological and worldwide political change, to the late 60's.

                                        There was no Covid back then, either. It's all about Covid at the moment.

                                        I was only joking

                                        1 Reply Last reply
                                        • George KG Offline
                                          George KG Offline
                                          George K
                                          wrote on last edited by
                                          #23

                                          "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                          The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                          1 Reply Last reply
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