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Thread: Inflation in the stores and the seemingly "missing" people is getting worrisome.

  1. #31

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    Quote Originally Posted by Atlas Shrugged View Post
    Unfortunately, you hit the nail right on the head. The entire economy is about to go dead because of the coddling of the current generation. There is just not enough young people who know how to work to keep it going. They would rather gamble on anything to make money rather than work a job. We are close very close to collapse...few people really know how close.

    Time for real men to step up to the plate. I wonder how many are left?
    gen z and most millennials have not experience a market crash or double digit inflation before. They will soon

  2. #32

    Default

    I don't know where to post these questions. I read an article about Central Bank digital currency (CBDC) by James Corbett. If we do move into a digital FedCoin how would owning physical gold help someone?

    https://www.corbettreport.com/cbdcs-...country-guide/
    https://corbettreport.substack.com/p...ntry-guide?s=w

    The other question is how does letting inflation run high between 11-18% for 5 years lower the US debt?

    Is silver dead to consider using as currency? Silver is not on any central bank balance sheet like gold is.

    Ross Target other retail stores are taking a big hit they have inventory but no buyers or have not raised prices enough to offset inflation missing expectations. People are shopping less because they are spending more on food and energy/fuel.

    I still listen to Luke Gromen here is his latest video.

    https://www.youtube.com/watch?v=IDZbJNQjCsw

  3. #33

    Default

    Quote Originally Posted by dukadan View Post
    I don't know where to post these questions. I read an article about Central Bank digital currency (CBDC) by James Corbett. If we do move into a digital FedCoin how would owning physical gold help someone?

    https://www.corbettreport.com/cbdcs-...country-guide/
    https://corbettreport.substack.com/p...ntry-guide?s=w

    The other question is how does letting inflation run high between 11-18% for 5 years lower the US debt?

    Is silver dead to consider using as currency? Silver is not on any central bank balance sheet like gold is.

    Ross Target other retail stores are taking a big hit they have inventory but no buyers or have not raised prices enough to offset inflation missing expectations. People are shopping less because they are spending more on food and energy/fuel.

    I still listen to Luke Gromen here is his latest video.

    https://www.youtube.com/watch?v=IDZbJNQjCsw
    People will not go along.
    PMs will become a way of doing business.
    Well, unless you dont have any.
    Politicians and diapers must be changed often, and for the same reason. -Mark Twain

    The purpose of life is to matter, to be productive, to have it make some difference that you lived at all. -Leo Rosten

  4. #34

    Talking

    Dukadan, I am not expert on this stuff but I'll take a crack at it.

    Printing too much money makes the currency worth less. When the Money was borrowed is was worth more so there was more that it could do for the borrower.
    Now that it's time to pay it back you can do it with worth less money. In other words you got the money when it was good And were able to do everything you needed. Now you get to pay it back with toilet paper.

    It seems to me that framing it as purchasing power would make it more understandable.
    We know that inflation is likely going to be worse next month. So your dollar is worth more now than it will be in one month. Take today's purchasing power and stock up on pantry food because next month your purchasing power will be less.
    Now say you were speaking with a friend that has no clue what's going on but you do. You say, hey buddy can you lend me $100 dollars so that I can work on building a Food pantry? He says sure but in the meantime the price of goods has gone up and you are paying him back with worth less currency. Doesn't have the same purchasing power you had with the same $100. You were able to do what you needed to do but he won't. But hey you paid him back.


    So if you own the printing press you just print a bunch of toilet paper And spam it back to the lenders. I think there is more to it if others want to chime in.

    To your second question: in Venezuela, where hyper inflation hit, they are chipping off gold flakes to pay for necessities, silver as well. During the 2008 crisis entire towns were independently bartering in silver and gold.


    Note: For a more nuanced answer on the Macro side go to the soapbox thread "bad times are fading" and speak with Ryanfer. Be careful though. We keep him Locked up down there for a reason.
    Last edited by jjmcwill; 05-26-2022 at 01:06 PM.

  5. #35

    Default

    https://youtu.be/GNZ_m72urj4

    Peter Schiff gave a good and easy to understand account for the missing people. Don't listen to him much anymore but lately he has been on fire.

    To paraphrase, the difficulty in finding employees is a result of QE, low interest rates and government bailouts.
    These conditions have created Zombie companies. Companies that are not really profitable, needed, or a practical use of scarce labor.
    These companies need to fail in order for us to gain some normalcy in employment.
    As interest rates rise then we should see these businesses fail. That's if the FED actually stays on course. In short, we need a recession to take out the zombies consuming resources that they do not deserve.

  6. #36

    Default

    What's the Frequency, Kenneth?

    432Hz

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