Anybody been to a super market lately? Costco? Sams? How about your local fast food joint?
Are any of you guys enjoying the new prices?
If you haven't been yet, in the past two to three weeks, food prices have really started to creep upwards. My wife (who does the majority of the shopping), has noted that many of the things we buy normally have already doubled, if not TRIPLED in price. This is painful. Luckily we have a meat freezer, and plenty of dry storage food (oh that sweet delicious instant ramen).
People are only beginning to notice it now. People can ignore a border-crisis. They can dismiss audits. They can deal with lockdowns. Hell they can laugh off people losing their jobs. The one thing they can't do is ignore their bellies rumbling... or their kids bellies rumbling.
In the next few weeks, as this inflation spike gets worse and those government checks dry up, people are going to feel the burn in their wallets even harder. The term inflation is going to crop up over and over, and a lot of people are going to look at the "current administration". They are going to learn this free money has consequences.
The anger caused by inflation is going to be the final straw, and their anger is going to be pointed at the current administration. Those people the government want to go back to sleep will not be able to sleep if they are hungry, or are too busy to sleep because they are debating choosing food or electricity. People are going want Biden out, and that is how we are going to get the last audits going.
Inflation will a Oscar-Meyer-Mobile sized redpill for the normies. That's my theory anyways.
Yep. food price spikes are gonna awaken everyone to the chaos in the economy.
No more Gov't stimmy checks will come to same them from the fallout.
Yep... all those "print more money" idiots are going to learn the lesson: this is what happens when you PRINT MORE MONEY.
What if the normies just reply with, "oh, the pandemic was so devastating that it affects everything"?
That reply isn't going to feed them. Let them speak nonsense. Let them eat cake?
Yup .... and combine that with less in the paycheck on the bottom line, thanks to increased taxes, and many will jump of the proverbial fence, and somehow I don't see it being on the side of the temporary administration.
It would be good to have a 'side by side' Basic Items cost comparison vs a year ago today ....
Its going to be interesting to watch hard-core lefties say: "I'll gladly pay more for food to get rid of Trump." That is going to come across as the most tone-deaf response to the plight of people not eating you could do. In other words:
"Its fine if you starve as long as I can sleep because Trump is out of office."
I don't see a win for the current administration once this crisis starts hitting. What are you going to do, insist people wait in food lines? In the states?
And if they're really hungry, they'll be glad to swallow that Oscar Mayer sized redpill. Hunger will "wake" everybody up. You said it friend.
Crypto , Gold , Silver , Ammo , food , water
Stock up , cover them bases and you’ll be fine.
As an erstwhile economist, I say you're right on... Wait for it... The money.
Told my wife I expected this to ramp up soon. There's a lot of factors in play, and I did say erstwhile so I'm not digging into it. But that's the way the wind's been blowing for months... I guess four months at this point.
Get your summer gardens ready folks. Buy those beans and rice. Etc.
I do household shopping, and meat has really gone up, I usually buy a pork loin, the whole, not just the tenderloin, it usually rings up at around twenty give or take a dollar, I portion it out and freeze some, it's usually a great affordable protein. Last week it was 27, and there was only one left because the beef was even higher.
New York cuts of choice went from 6 dollars a pound to 11 in my town.
hell yeah it has skyrocketed
Why is it that money printed for the people raises prices, but money printed for phony research projects and money laundering doesn't? Billions in Government spending has been wasted on foreign policy, bullshit "research", and tons of other nonsense for decades, all of which used to pay out scumbags. Why is it that when money is suddenly given to the people, for a change, suddenly everything skyrockets?
My 2 cents.
They do. We just haven't had that many 1.9 trillion dollar budget hits that often.
08 Dodge Ram 1500 $40.00 Trump Gas 80+ Biden Gas
They'll just blame the Trump administration, which would probably be accurate.
I believe they are secretly running the Biden admin to wake people up.
Its not accurate. The biggest spend came from the Biden administration, the one in March, that cost 1.9 trillion.
They will definitely try to blame Trump, but most normies will be like he isn't even in office anymore.
we haven't seen anything yet. but remember it is not INFLATION it is DEVALUATION of the dollar [less buying power] don't let them lie to you.
Inflation directly correlates to the cost of goods. IE: inflation increases, the cost of the good increases. What was once a $1.00 now costs $1.50.
Devaluation refers to the value of currency exchange. IE One dollar is worth half a EURO (I don't know the current exchange rate).
Devaluation affects the costs of goods if the Japan determines 1 dollar does not equal 1 yen but less, the cost of buying a good from Japan goes up.
Buying power is the direct result of a combination of inflation/deflation and devaluation. IE what a dollar is worth to purchasing goods over all.
when they print dollars and toss them into the economy, they devalue the dollar, the dollar has less buying power. you wrote a lot about nothing.
You need protein to be shreaded. Nah, you're going to be skinny, and that is no bueno. Winters suck when you are skinny.