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#91
Jun 13 2022 08:48am
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#92
Jun 13 2022 08:52am
Quote (IgoSoHard @ Jun 13 2022 10:48pm)
https://www.msn.com/en-us/money/markets/how-did-they-get-inflation-so-wrong/ar-AAYiYZJ



Can you quote the info here please.
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#93
Jun 13 2022 08:56am
Quote (Tarisus @ 13 Jun 2022 10:52)
Can you quote the info here please.



fed lied
pumped stimulus instead of reopening economies in a timely matter
incompetent fiscal policy
denial of reality and math

standard govt stuff
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#94
Jun 13 2022 09:06am
Quote (excellence @ Jun 13 2022 10:56pm)
fed lied
pumped stimulus instead of reopening economies in a timely matter
incompetent fiscal policy
denial of reality and math

standard govt stuff



Continue the drop in markets and keep the inflation up. We won’t last very long.
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#95
Jun 13 2022 09:12am
Quote (excellence @ Jun 13 2022 09:56am)
fed lied
pumped stimulus instead of reopening economies in a timely matter
incompetent fiscal policy
denial of reality and math

standard govt stuff


The fed is not the govt and never was.
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#96
Jun 13 2022 01:56pm
Quote (excellence @ Jun 13 2022 04:56pm)
fed lied
pumped stimulus instead of reopening economies in a timely matter
incompetent fiscal policy
denial of reality and math

standard govt stuff


do i smell domestic terrorism here?
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#97
Jun 14 2022 12:54am
Quote (JohnnyMcCoy @ Jun 14 2022 03:56am)
do i smell domestic terrorism here?



Global terrorism.
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#98
Jun 14 2022 02:43am
Quote (Santara @ May 19 2022 10:11am)
This is my boilerplate response to inflation topics:

In 1971 when Nixon closed the gold window, severing the last tie between the dollar and the greenback, the minimum wage was $1.60/hour and the average price of gold was $40.80/oz. A full year's wage at minimum wage was worth ~78 oz of gold. At today's prices, 78 oz of gold is worth ~$140,000 - or $70/hour. True inflation is a lie. #EndtheFed


When everything rises equally % is it really inflation?


Well you also have to consider time. Say I work my ass off for a great job @ $3p/h make $200,000 enough to buy + 10 houses and never have to work again in 1971. Fast forward to 2022 I can get a downpayment... Essentially purchasing power decreased because cash is a liability

If you however you turned your pay check into gold or s&p500 or real estate.

This post was edited by addone on Jun 14 2022 02:45am
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#99
Jun 14 2022 03:22am
Quote (addone @ Jun 14 2022 04:43pm)
When everything rises equally % is it really inflation?


Well you also have to consider time. Say I work my ass off for a great job @ $3p/h make $200,000 enough to buy + 10 houses and never have to work again in 1971. Fast forward to 2022 I can get a downpayment... Essentially purchasing power decreased because cash is a liability

If you however you turned your pay check into gold or s&p500 or real estate.



Gas is only 5$ per gallon. That’s cheap as hell.
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#100
Jun 14 2022 04:29pm
Quote (addone @ Jun 14 2022 03:43am)
When everything rises equally % is it really inflation?


Well you also have to consider time. Say I work my ass off for a great job @ $3p/h make $200,000 enough to buy + 10 houses and never have to work again in 1971. Fast forward to 2022 I can get a downpayment... Essentially purchasing power decreased because cash is a liability

If you however you turned your pay check into gold or s&p500 or real estate.


Everything doesn't rise equally.

Quote (Tarisus @ Jun 14 2022 04:22am)
Gas is only 5$ per gallon. That’s cheap as hell.


Only compared to other nations that severely tax gas.

This post was edited by Santara on Jun 14 2022 04:29pm
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