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The New Coffee Room

  1. TNCR
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  3. Inflation

Inflation

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  • 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

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        • 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
                                • George KG Offline
                                  George KG Offline
                                  George K
                                  wrote on last edited by
                                  #24

                                  11 months into Lyin' Joe's term, let me ask a question:

                                  Several people have said that POTUS really has little influence over gas prices. Does the same apply to inflation?

                                  What about other countries?

                                  "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.

                                  RenaudaR taiwan_girlT 2 Replies Last reply
                                  • JollyJ Offline
                                    JollyJ Offline
                                    Jolly
                                    wrote on last edited by
                                    #25

                                    Well, first we have to consider the inflation of the 70's vs. that of today. We've changed the indicators. Right now, it's looking like inflation will come in a bit over 7% for the calendar year...If we use 70's indicators, that number rises to above 15%.

                                    That may be the worst annual inflation numbers for the U.S., ever.

                                    So, The Resident and his administration want us to put out the inflation fire by throwing gasoline (💵💵💵💵) on it.

                                    I ain't no economist, but I fail to see how increasing the fiat money supply defeats inflation...

                                    “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 George K

                                      11 months into Lyin' Joe's term, let me ask a question:

                                      Several people have said that POTUS really has little influence over gas prices. Does the same apply to inflation?

                                      What about other countries?

                                      RenaudaR Offline
                                      RenaudaR Offline
                                      Renauda
                                      wrote on last edited by Renauda
                                      #26

                                      @george-k said in Inflation:

                                      11 months into Lyin' Joe's term, let me ask a question:

                                      Several people have said that POTUS really has little influence over gas prices. Does the same apply to inflation?

                                      What about other countries?

                                      My understanding is that the current inflation trends are being felt throughout the G9 states and beyond. The POTUS is neither the cause nor the arbiter of the eventual outcome. The solution will be found through collective action with all the G9 states and others pulling in the same direction.

                                      Elbows up!

                                      1 Reply Last reply
                                      • George KG George K

                                        11 months into Lyin' Joe's term, let me ask a question:

                                        Several people have said that POTUS really has little influence over gas prices. Does the same apply to inflation?

                                        What about other countries?

                                        taiwan_girlT Offline
                                        taiwan_girlT Offline
                                        taiwan_girl
                                        wrote on last edited by
                                        #27

                                        @george-k said in Inflation:

                                        What about other countries?

                                        When compared to history, I dont think inflation (at least in Asia) has increased as much as the US.

                                        One of the things that may be different in the US is the labor situation (which I am baffled as why that is happening). But from what I have read, companies are increasing wages to attract workers. Not really the situation in other countries that I am aware of.

                                        Why are jobs not being filled in the US? It is not like all of a sudden the US population decreased or the number of working age people decreased. I can understand that people stopped working when they were getting the government COVID relief, but that ended a while ago. I kind of think it is like a "slinky" in that all of a sudden, people who have been living on their savings will see them run out, and will start to get back to jobs. But when that will happen??? shrug

                                        Doctor PhibesD 1 Reply Last reply
                                        • LuFins DadL Offline
                                          LuFins DadL Offline
                                          LuFins Dad
                                          wrote on last edited by
                                          #28

                                          I was talking with a family that just arrived from Singapore two weeks ago. Their take was yes, there was some inflation and some product shortages and shipping problems in Asia, but nothing compared to what they have already witnessed in the US.

                                          The Brad

                                          jon-nycJ 1 Reply Last reply
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