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January 28, 2022, 05:19:19 AM

Is inflation really 15%?

Started by ldub23, January 12, 2022, 02:05:40 AM

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ldub23

The  number reported today was  7% but  according to this Biden fudged the  numbers.

https://twitter.com/tomselliott/status/1481262550885056516

TboneAgain

Quote from: ldub23 on January 12, 2022, 02:05:40 AMThe  number reported today was  7% but  according to this Biden fudged the  numbers.

https://twitter.com/tomselliott/status/1481262550885056516
Biden couldn't fudge an ice cream sundae. But I know what you're saying.

Perhaps this graph tells a more pertinent story, and maybe a more frightening scenario.



Unless my eyes are broken, this shows the M1 - the "liquid" money supply, the cash in people's hands - more than tripling over a few months in 2020. It's difficult to imagine how this won't fuel further CPI increases the likes of which we've never seen in the US.
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people. -- Tenth Amendment to the US Constitution

Government is not reason; it is not eloquent; IT IS FORCE. -- George Washington

ldub23

Quote from: TboneAgain on January 12, 2022, 05:04:33 AMBiden couldn't fudge an ice cream sundae. But I know what you're saying.

Perhaps this graph tells a more pertinent story, and maybe a more frightening scenario.



Unless my eyes are broken, this shows the M1 - the "liquid" money supply, the cash in people's hands - more than tripling over a few months in 2020. It's difficult to imagine how this won't fuel further CPI increases the likes of which we've never seen in the US.

I agree. And dems are talking about  yet ANOTHER  stimulus.

supsalemgr

Quote from: TboneAgain on January 12, 2022, 05:04:33 AMBiden couldn't fudge an ice cream sundae. But I know what you're saying.

Perhaps this graph tells a more pertinent story, and maybe a more frightening scenario.



Unless my eyes are broken, this shows the M1 - the "liquid" money supply, the cash in people's hands - more than tripling over a few months in 2020. It's difficult to imagine how this won't fuel further CPI increases the likes of which we've never seen in the US.

DUH! The kids running the WH are fucking clueless!
"If you can't run with the big dawgs, stay on the porch!"

TboneAgain

Quote from: supsalemgr on January 12, 2022, 10:05:52 PMDUH! The kids running the WH are fucking clueless!
Inflation, like most of the problems we have, begins with government. Well, at least it begins with the source of the currency, and in almost every case these days, that's the government. In its essence, the word refers to the inflation of the currency supply, not of prices. Higher prices are one obvious result, but they're symptoms, not the disease itself.

Germany did it in the early Weimar years in order to pay the crushing reparations demanded (mostly by the godforsaken French) in the Treaty of Versailles. They printed untethered Reichsmarks like there was no tomorrow. As generally happens, the government's bills got paid and everybody else got screwed.

Here's a picture showing one use for the 1920s Reichsmark:



The stuff in the jar is wallpaper paste.
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people. -- Tenth Amendment to the US Constitution

Government is not reason; it is not eloquent; IT IS FORCE. -- George Washington

TboneAgain

Correction to the post above...

The German currency during the Weimar Republic was the mark, not the Reichsmark as I mistakenly said. The Reichsmark was instituted later.

The hyperinflation in Germany was catastrophic. One common way of describing it was to say that in the time it took to drink a cup of coffee in a diner, the price of that cup of coffee would double. It was so bad that workmen routinely demanded to be paid at the end of a shift, knowing that if they waited for payday, their money would be worthless. Before it was over, the German government was issuing billion-mark notes.

The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people. -- Tenth Amendment to the US Constitution

Government is not reason; it is not eloquent; IT IS FORCE. -- George Washington