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.
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.