Price Gouging or Inflation? Do we really have inflation and shortages, or a clever way to reward the big businesses who supported the Covid-19 pandemic narrative?
(www.cbsnews.com)
š¤š Theory š²š”
I don't know about you, but my personal consumer demand is through the roof. Because of high prices and obvious shortages in stores, I'm buying all I'm able to store, so if things go to crap for a while, I'll survive.
The ultra rich aren't sitting on coffers of worthless FRNs. They are spending a lot as well, but call it investing.
All paper currency has gone to zero because of hyperinflation. Previous US currencies did that, the German mark did that, Zimbabwe money did that, and Venezuela's money did that. In Venezuela, there is currency blowing around in the gutters because it's not worth picking up. Kids were selling large denomination Zimbabwe currency to tourists at $5 a handful.
So we will have hyperinflation at some point. The hard point is predicting the exact timing. That's why I'm spending a lot of mine on goods that won't lose value.
Iām right behind you. Started late but catchin-up šš¼
Here's a tip. Canning lids are almost nonexistent in stores right now. But you can order all you want from Lehman's online. Youtubers have reviewed the brand they sell and say they're good. I just bought a box of 360 for $84.99. That will hold me for a while. If I can just find more jars.
Just bought a dozen Ball quart jars yesterday?! Only thing short around here (TN) is quart size. You can get all the Pint & smaller you want.
No one here has anything other than quarts, but they very seldom have those. The last I bought was two cases of quarts at Food Lion, and the shelf only had room for those. And they were jammed in so tight, I had to move adjacent merchandise out of place to get them out. I had one case of pints that I've used for salt, garlic powder, and a few other items that I don't need huge quantities of.
I started canning 40 years ago. I knew this was coming and collected lids when the lockdowns started. I have one plastic shoe box of each large and regular. I have hundreds of jars already. My kids are grown and are on their own so I really wanted to transition to large mouth pints rather than the quarts of both sizes that I already have. I can use Ā½ the contents and store the extra a couple of days if I need to. Im not buying any unless I get a deal. If you are near any Amish ask them. Last I checked they were selling lids for 2.99ba box of 12. A young cousin of mine that started canning a couple of years ago swears by the tattlers. So that may also be an option for some. The start up costs are higher but the Amish say they work for like 8 times.
I have a stock of Tattlers. It's hard to find jars around here.