I’m tempted to spend all my savings on gold, ammo, and toilet paper, because when these chickens come home to roost it will be cheaper to wipe your ass with Benjamin Franklin’s face than a roll of Cottonelle.
Where a Redneck Jew, a Hispanic Catholic, and a Computer Geek write about Gun Rights, Self Defense and whatever else we can think about.
I’m tempted to spend all my savings on gold, ammo, and toilet paper, because when these chickens come home to roost it will be cheaper to wipe your ass with Benjamin Franklin’s face than a roll of Cottonelle.
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Self sustenance
Husband your stores
Semper Paratus
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Inflation is already here !
Inflation is NOT HERE until and unless THEY tell you it’s here dear.
THEY will tell us what we need to know if and when THEY DECIDE we need to know it.
For those who cannot see me, this is my sarcastic face…
In January I paid $1.99 for a gallon of gas. Today I paid $2.79 at the same station. But there’s no inflation at all. I know because the press told me, and they’d never lie, would they?
Hourly wages up 5%. Everything else up way more than that.
This is how an economy dies. Economies depend on money moving and changing hands, but when people can’t afford even their necessities, let alone have enough left over to invest or splurge, they will start hoarding their extra cash. Hoarded funds don’t move.
Given those numbers, we also can’t blame it all on the “Fight for $15” movement making things more expensive, but I wonder how much of the increase is directly or indirectly the result of the rise in petroleum prices. Higher fuel costs mean materials and goods are more expensive to transport and process; no stage of production is unaffected. Whether the Left and environmentalists like it or not, the price of everything is tied to the cost of fuel.
Biden is like a combination of the worst bits of Ford and Carter, but with aded senility. Stagflation and malaise are back!
Inflation is the debasement of currency compared to a benchmark. Prices follow, but do not cause inflation. Subtle but important distinction.
Inflation. In 1969, a Big Mac cost 49 cents. A Corvette was around $4,000. A Volkswagen was around $2000.
Not tied to inflation, but minimum wage was $1.60 an hour. Inflation, I’m told, is a deliberate devaluation of money.
Spart parts for guns.
Some price increases are due to organic things like changes in supply and demand. We’ve got legitimate shortages driving up prices,and we have areas of increased demand – lake houses are going insane as people look for a way to get out of the city, and vacation while under travel restrictions, with very inelastic supplies.
My worry is that the beginning of MONETARY inflation is being masked by price increases so we’re missing the warning signs.
Gas in Houston went from $1.89 to $2.50 in the last 2 months.
My food costs are up about a third or more.
I’m happy to find Charmin Blue at $1/roll, mega pack, when I used to buy it on sale for 75c or less. I’ve seen it recently for more than $1/roll.
The huge demand for houses and used cars could also be a signal that people are moving rapidly devaluing cash into hard assets. I know I’m trying to.
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There are two separate things: fluctuations in price of individual goods or groups of goods, vs. a general change (increase, normally) in prices.
You’re right, the former is caught by supply and/or demand fluctuations or other miscellaneous changes. But a general increase in prices is caused by an increase in the money supply. Or more precisely, by an increase larger than the increase in productivity.
Politicians and their fellow-traveler economists work very hard to obscure this fact and make you think that rising prices are the cause of inflation rather than the effect.
Buy more ammo…if you can find it…