Inflation highest in 30 years. Prices up 6.2% year over year.

[Pazzy]

That dumbass Biden going around to all the stores with that price tag gadget raising all the prices.

Thats YOUR president, shill. They need to tag this dude as a Biden supporter.

 

[Apollo Creed]

Yes pure gold, and you can buy smaller sizes. I buy 1oz coins but you can buy down to grams if you like

how do I do that, the links you posted all reference OZ unless I'm missing something

 

[Neo. The Only. The One.]

Thats YOUR president, shill. They need to tag this dude as a Biden supporter.

Trump is my president

 

[Knowledge]

how do I do that, the links you posted all reference OZ unless I'm missing something

Ounces

Heres an example of one of my stack of 10 coins which is 10 troy ounces of pure gold

 

[Pazzy]

Trump is my president

Youre acting like thats supposed to change anything.

 

[Freedman]

That's not in dispute though. It was necessary evil to get consumers to spend more money coming off of the pandemic, but it also created the inflation situation that we're seeing now. Hence the mention of them initially saying that it was a "temporary" and "short term thing."

So what about all the other countries in the world why are they also seeing inflation is that also because American Spending??

 

[Thavoiceofthevoiceless]

So what about all the other countries in the world why are they also seeing inflation is that also because American Spending??

There are multiple different factors in play that can cause inflation. What causes inflation in one country can be completely different in another.

 

[Genome]

BTC value going up though

 

[Geek Nasty]

You can't print money AND have enhanced unemployment/stimulus benefits during the entire pandemic quarantine.

Any rise increased wages/money into the economy has to be slow/controlled. There are only a finite number of goods.

This is basic supply and demand. There's more money and the same or less amount of goods. People pay more. There's nothing else to think about this.

Less wood
Less metal
Less microchips
Less gas
Less housing
Less plastic
Furniture, diapers, chicken, cheese, fruits...

People will pay more AND have to pay more when there's less. You just can't add money to the system with no consequences.

It's like playing monopoly but everyone starts off with $5k instead of $1,500.

Yeah but this isn't normal inflation. This is post COVID caused. Are people eating more food or buying more cars? Nope the economy reopened with fewer people working.

Same way the wood supply caught up everything else will. Which is why they keep calling it a transitory cycle.

 

[phcitywarrior]

Funny how it’s crickets when this shyt all started with Republican under trump passing that stimulus tax law for the rich

Not quite. For one, while the tax cuts were very very unnecessary given the state the US economy at the time (it was good and recovering well), the economy was fully open and supply chains weren’t in disarray.

The issue this time around is the scale of money that’s been printed on top of the fact that many economies/businesses had been shut down from a government induced demand shock ie the lockdowns.

More money chasing fewer goods is inflation 101. The issue now is this inflation isn’t as “transitory” as the Fed made it out to be.

The longer inflation goes, the “stickier” it’ll get and people will have to adjust their expectations accordingly.

If it get’s really bad then the Fed will have to hike interest rates to take excess money out of the system. But in doing so, it becomes more expensive to borrow, the US government will have to spend more money to service its debts (which just shot up due to all the recent money printing) and non-fixed interest rate debts gets more expensive to service.

It’s partially the reason why Bitcoin has become so popular recently.

 

[Mega]

Yes pure gold, and you can buy smaller sizes. I buy 1oz coins but you can buy down to grams if you like

I am heading down to Miami this Christmas. Going to cop a 18k Miami Cuban while I am there. I already got a 1oz 24k PAMP Fortuna pendant to match it.

 

[Godless Socialist CEO]

That's not in dispute though. It was necessary evil to get consumers to spend more money coming off of the pandemic, but it also created the inflation situation that we're seeing now. Hence the mention of them initially saying that it was a "temporary" and "short term thing."

The supply chain issues are creating the situation we see now

 

[UpAndComing]

Cause inflation by Stimulus payouts, PPP loan payouts, Unemployment payouts

.... Instead of actually fixing the economy, and creating new jobs


Socialism: The Epilogue

 

[Godless Socialist CEO]

There are multiple different factors in play that can cause inflation. What causes inflation in one country can be completely different in another.

 

[Godless Socialist CEO]

Cause inflation by Stimulus payouts, PPP loan payouts, Unemployment payouts

.... Instead of actually fixing the economy, and creating new jobs


Socialism: The Epilogue