The Year 2022 Starts with Very High Inflation - The Biden Admin Says its Temporary - But...

a reply to: vNex92

There's never a deadline for the end of an inflationary period, it just sort of fizzles out. Usually an inflationary period is followed by some sort of economic boom, it's a mass correction era.

Look at history, in 1946 for example inflation in the US was almost 30%, and then the parts of America that accepted massive amounts of industrial growth (mainly auto industry) benefited the most.

My thoughts on what is going on. The USD is starting to slow down as the worlds reserve currency, the largest company's in the world are no longer oil company's, which backs the 'petrodollar'. What we are all living through now might be a result of that, think about inflation since 1971, it's been rather steady, with one hiccup, and that hiccup was a result of the USD being taken off the gold standard.

I'm not some shaman looking into the sheep guts, but I feel like there will be an economic recovery, you just need to see where the world is going if you want to benefit from it. Unfortunately, it looks like tech is the new oil, and just like back after WW2, if you aren't with the auto industry, or consumer appliances, etc. you're going to fall behind.

a reply to: carewemust

I have already bought my garden fertilizer for this year. $16.69 a 40 pound bag, and I expect to go over $20 this spring.

Hang onto your gold and silver. And lead!

a reply to: strongfp

I heard mask is the new oil these days, soo that is what the democrats are banking on, home test and mask to get the economy going.

Is nothing, nothing within the government that is pointing to a remedy for a economic recovery, what they are doing is planning for more spending.

Soo not is not going to be a recovery, I do not think people are going to line up to get implants in their brain, unless they are idiots.

originally posted by: xuenchen

originally posted by: Quadrivium
a reply to: carewemust
'Temporary'?
Like the barricades they are putting up around the White House??


twitter.com...

Gonna get real, real soon.

They're setting up another false flag for Campaigns !!!!💱

I agree with you on many, many things Xuenchen ......
On this I have to disagree.
What you suggest is too small.....

Think 'Build Back Better', what does it mean?
Build Back what?
The best economy we have almost ever seen?
Build Back the highest employment we saw IN DECADES?

NO.

BUILD BACK BETTER has nothing to do with America building back.

It is a Globalist ploy. Remember if you make over 30k (USD) you are in the top 1% globally.

Globalist can't possibly bring every country up to US standards so America has to fall to 3rd world standards.

Then THEY can build back 'better'.

I give up, we cannot do anything about the lunacy taking over our country. Since Biden got in everything is going way up. He should never been allowed to run for president with his medical condition of Dementia. Did the Democrats think it was going to go away? He should not be president, he cannot even hold a reasonable press conference without stumbling on his words and loosing his cool against anyone who does not agree with him.

Those are typical symptoms of an advancing dementia or side effects of medications that take away a person's ability to reason correctly...either way he is in much worse shape than Reagan ever was with his condition.

It's getting ridiculous. When Trump was in office my wife and I could spend $100 a week and buy all the groceries we need. The other day I went in to pick up a lb of bacon, 2 lbs of chicken thighs and some butter and juice. The total was $33. Bacon is $10/lb the chicken was $8/lb. We spend almost twice what we were paying. We both have good jobs and before we were able to save a little every week in anticipation of moving from Maine to South Carolina. Now we spend every penny just to get by. It's insanity.

Soo not is not going to be a recovery, I do not think people are going to line up to get implants in their brain, unless they are idiots.

a reply to: marg6043

There's going to be a crash. And after a crash historically there's always a period of recovery, it's called a correction because people are making money for dumb reasons.

Usually inflation happens before or after war, other times its only happened because of pent up oil demand, or in the case of the 1970s, nixon wanting to inject huge amounts of cash into funding the Vietnam War so he took it off the gold standard.
The pandemic was a black swan event that called for injecting cash into the economy. Doesn't matter how you view the pandemic its what happened. And a correction will come soon. And when that happens, hopefully people will realize you actually need to be productive and work for a living and the recovery will follow.

originally posted by: carewemust

Last Fall, when prices started soaring, the Biden Administration promised America it was a "temporary" phenomenon.

This is a fragment of one of reviews of a certain Russian economist:

"TRUE INFLATION RATES

Time period: 14 – 20 August 2021

.......................................
[About the US economy.] There is no doubt that by the end of the year, and possibly earlier, high rates of industrial inflation will be translated into increases in consumer prices. In fact, this is happening, and we see it by proxy – pessimistic consumer behavior is completely inconsistent with optimistic economic statistics. But sooner or later, the rupture will become so great that it will have to be explained one way or another.

However, it is not possible to raise the rate, as was done in the previous period of sharp price hikes in the 1970s: the amount of accumulated debt is too high. This means that emissions will continue (in fact, in the US it has already been announced) and accordingly will be pumped up “bubble” in financial markets, which will explode sooner or later. Then there will inevitably be a sharp write-off of accumulated debt through massive corporate and household bankruptcies with the subsequent transition of the economy to a well-balanced regime, accompanied by a significant drop in GDP."
fondmx.pro...

originally posted by: musicismagic
Inflation just the other day went up 10 %　in the grocery stores nation wide here. McDonalds hambugers are 1.10 usd now. Inflation is happening around the world .
1 in 7 children now live in poverty in this country and it's getting worse by the month and prices are still rising. No end in sight.

Hopefully the people in Africa can pass the plate around and send some splash your way.

originally posted by: rickymouse
I give up, we cannot do anything about the lunacy taking over our country. Since Biden got in everything is going way up. He should never been allowed to run for president with his medical condition of Dementia. Did the Democrats think it was going to go away? He should not be president, he cannot even hold a reasonable press conference without stumbling on his words and loosing his cool against anyone who does not agree with him.

Those are typical symptoms of an advancing dementia or side effects of medications that take away a person's ability to reason correctly...either way he is in much worse shape than Reagan ever was with his condition.

He’s somebody’s useful idiot man. Poor dumb bastard.

a reply to: strongfp

And when that happens, hopefully people will realize you actually need to be productive and work for a living and the recovery will follow.

Let's hope that happens, or this is another means of getting everyone on UBI & Crypto.

a reply to: carewemust

This is a global thing, it's effecting a lot of countries in very similar ways and would have happened regardless of who was in the White house. It's just hitting the US particularly badly because key areas in the supply chain are run on a shoestring. There isn't much flexibility, and there isn't much elasticity. Companies run on the bare minimum number of people and give them the bare minimum of training, and margins are cut so tight you can virtually hear them vibrate in the breeze.

This is what you get when companies buy things in from existing sources out of state (or overseas) rather than investing locally. And when your staffing pool is 80% minimum wage.

a reply to: rickymouse

The problem is that he is a tool, a senile parrot been manipulated by a group behind his presidency.

This are not going anywhere even if the senile parrot is put down by the party.

Is becoming obvious that everything is been done is about money, the biggest money grab in the history or the nation and we the people will be left to pic up the pieces, while the greedy bastards are walking free to their billion-dollar retirements.

a reply to: AaarghZombies

No, the Biden Admin policies started the whole chain of explosions ❇️

a reply to: AaarghZombies

No, this is the result of the biggest power grab in the history of the world and covid was the excuse.



covid is actually nothing but bull crap and about to end like it should have happened with all virus without all this money waste and abuse.

KaPow !!! More "Plans" for you and yours 🤣🤣


Global Economy Heading For "Mother Of All" Supply Chain Shocks As China Locks Down Ports

3.7.2022

-IMO-

I think we're going to see hyper-inflation, heading into the Summer.

In addition to higher wages, energy prices are skyrocketing due to the Russia-Ukraine war.

Together, both will make everything cost a heck of a lot more by July, than at this moment.

The inflation we've experienced due to the $5 Trillion stimulus money infusions, will seem tame by comparison.

President Biden accurately states:

"The buck stops with me. It's my responsibility."

originally posted by: carewemust
Wednesday, January 12, 2022

Over the past four months, the price of almost everything we use and consume, has steadily relentlessly increased.

WASHINGTON (AP) — Inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on President Joe Biden and the Federal Reserve to address what has become the biggest threat to the U.S. economy.

More at: apnews.com...

Last Fall, when prices started soaring, the Biden Administration promised America it was a "temporary" phenomenon.

Yesterday, Treasury Secretary Janet Yellen told CNN that the U.S. has not lost control of inflation.

“On a 12-month basis, the inflation rate will remain high into next year, because of what’s already happened. But I expect improvement by the second half of 2022,” she said.

Oct 25th 2021: www.marketplace.org...

QUESTION for those who have education or experience in ECONOMICS... When Inflation finally does "improve", does that mean it will REVERSE, or that it will STOP INCREASING so steeply?

I sincerely hope and pray that it will REVERSE, and prices will return close to what they were during the low-inflation Trump years.

Continuing to pay over $3.50 @ gallon for gas, when it was only $1.80 @ gallon just a year ago, would be rough on my business...and on most people in this country, since every product's price is sensitive in some way to oil/gasoline prices.

-CareWeMust

Tuesday May 31, 2022

Yellen is as NUTTY as her boss, Joe Biden.

U.S. Treasury Secretary Janet Yellen said on Tuesday said she was wrong about the path inflation would take following months of public statements over its perceived threat.

"I think I was wrong then about the path that inflation would take," she said during a CNN interview.

"As I mentioned, there have been unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that have affected our economy badly that I didn't at the time fully understand."

"I think I was wrong then about the path that inflation would take," she said during a CNN interview. "As I mentioned, there have been unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that have affected our economy badly that I didn't at the time fully understand."

She cited the COVID-19 pandemic, and the Russian invasion of Ukraine, as added weight to the economic shock many are feeling.

More at: www.foxbusiness.com...

Treasury Secretary Yellen should COME CLEAN like Joe finally did last week, and admit the Inflation is BY DESIGN, to force Americans into Electric and Green lifestyles.

Democrats are, and will continue to, suffer the most from these Societal Changes being forced upon America by the Biden Administration.

It's too bad they (in record numbers), elected the man who is now tormenting them so.

Oh well...