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originally posted by: GeechQuestInfo
If your social security is $11 grand and you were reliant on that to get by inflation could be 0% and you’re still screwed.
originally posted by: MDDoxs
originally posted by: Gothmog
a reply to: MDDoxs
A military coup will not occur.
However , the US military relieving the Commander in Chief from duty may .
That is a part of the definition of a military coup. The US military cannot and would not unilateral relieve the President from office.
originally posted by: Gothmog
originally posted by: MDDoxs
originally posted by: Gothmog
a reply to: MDDoxs
A military coup will not occur.
However , the US military relieving the Commander in Chief from duty may .
That is a part of the definition of a military coup. The US military cannot and would not unilateral relieve the President from office.
No , no it isn't .
Learn the Military Code .
You could have literally put money under the mattress and beaten the inflation rate this year because the value of the dollar has increased at a rate greater than the inflation rate…
originally posted by: Dfairlite
a reply to: GeechQuestInfo
I have to tell you, as someone who has been in the market for decades and who actually understands economics, you are thoroughly entertaining to watch. No matter how many times people explain this to you, you just keep plugging your ears and screaming "la la la, everything is fine!" It's like watching a toddler respond when his mom tells him to quit jumping off the stairs, "I didn't get hurt this time mommy, you don't know what you're talking about!"
What I can surmise from reading your posts, you made about 10k in the market since covid and now think you're hot # and know it all. You're relatively new to the market, I'd say no more than 5 years. You have exactly zero formal training on economics or markets. Your accounts will be nearing zero by this time next year.
How do I know this, you might ask; while there are many examples, this line right here contains almost all of them:
You could have literally put money under the mattress and beaten the inflation rate this year because the value of the dollar has increased at a rate greater than the inflation rate…
The fact that you were able to type that line and not realize what was wrong confirms everything.
You have no idea what inflation even means. Sure, you know what google told you it was, you might have even had someone explain it to you who understood it. But you discarded what you didn't like and latched onto what you did.
So I'm going to ask you a few questions, and feel free to take your time responding because I won't be on here very often, but please do respond.
How can you have 6% inflation and have a stronger dollar?
A strong dollar buys more, inflation means your dollar buys less. Do you see the problem?
I bought a truck last year for $26,000. The same truck today is pushing $40,000, so is my dollar stronger today than it was last year or not? I bought a house last year for $450k that is now pushing $800k. Is my dollar stronger today than it was last year or not? The same groceries I bought last year for $350 per trip is now nearly $500 a trip, is my dollar stronger today than it was last year or not? Last year I could fill my truck up for $42.00 this year I can fill it for $75.00. Last year my heating bill was $2,100 for the season, this year my eating bill will be ~$3,500. So again, is my dollar stronger today than it was last year?
Remember, the people of the Weimar republic thought they were getting rich too, and by the next year they were bankrupt.
originally posted by: Vroomfondel
a reply to: GeechQuestInfo
Watching as closely as you do, I am sure you know the reason the dollar is ahead of inflation at the moment is because of the bump it got just last week. Without that it would be behind.
You also have to ask yourself why the dollar is rising, especially amid 30 year high inflation. It is because of the increase in the consumer price index, 5.4% YTD. Businesses are charging more boosting short term profits. However, the consumer, temporarily enjoying a stronger dollar, is about to get crushed by both a declining dollar, and still rising inflation. Its like cheering the economy due to the fact that the oil companies are doing well while forgetting the reason is because the price at the pump is putting the squeeze on people.
Or you can look at it this way. Yes, the dollar just hit a 16 month high. But inflation just had its highest year over year increase in 31 years. Which of those is a better portend of our economic future?
Its inflation...