The Original CZ Forum
GENERAL => General Discussion => Topic started by: JamesCC on February 03, 2022, 11:50:29 AM
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I just can’t believe how much stuff costs now- I swear I never spent so much on gas and milk in my entire life!!
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Yep.
When the federal reserve increases the money supply $2.3 trillion in a month, these types of things happen.
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I just can’t believe how much stuff costs now- I swear I never spent so much on gas and milk in my entire life!!
That's because you are young. If you were an adult during jimmy Carter's presidency and the first year or two of Reagan's you would really understand inflation and how much things can go up. This is only the beginning hang on to your hat
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The Fed chairman Paul Volcker actually had the balls to let interest rates go up so that we could end that stupid inflation and stagflation, centrally-planned nonsense. Lol
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The Fed chairman Paul Volcker actually had the balls to let interest rates go up so that we could end that stupid inflation and stagflation, centrally-planned nonsense. Lol
I had a CD that paid 17% for 5 years [emoji22]
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Back when saving money was encouraged.
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I just can’t believe how much stuff costs now- I swear I never spent so much on gas and milk in my entire life!!
That's because you are young. If you were an adult during jimmy Carter's presidency and the first year or two of Reagan's you would really understand inflation and how much things can go up. This is only the beginning hang on to your hat
AHAHAHA! I remember those days. Good old mr. peanut gave us buck a gallon gas for the first time. The 73 oil embargo didn't help. Gas lines, gas rationing. Empty shelves. Oh what a feeling of deja vu.
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I just can’t believe how much stuff costs now- I swear I never spent so much on gas and milk in my entire life!!
That's because you are young. If you were an adult during jimmy Carter's presidency and the first year or two of Reagan's you would really understand inflation and how much things can go up. This is only the beginning hang on to your hat
AHAHAHA! I remember those days. Good old mr. peanut gave us buck a gallon gas for the first time. The 73 oil embargo didn't help. Gas lines, gas rationing. Empty shelves. Oh what a feeling of deja vu.
Yes I remember the gas lines. I wasn't in the drivers seat but in the back wondering what was going on ???
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Gas is $3.49 here. Hasn't been that high since obama.
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You can thank the climate change crowd for that. You get crucified for publicly investing in hydrocarbons nowadays.
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[/quote]I had a CD that paid 17% for 5 years [emoji22]
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Yes and the prime lending rate was 20% +.
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Gas and milk? Try powder and primers. 300% increase, and that's if you can find it.
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That's primarily supply chain though, not inflation.
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The problem is that if interest rates rise to anything approaching 1970's levels the government is financially insolvent. The interest on the debt will exceed what is taken through taxes. Total financial collapse. I was a young man during that time. I remember a car loan at 21% or so. What's happening now is nothing compared to what will go down.
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Well, I was around for Jimmy Earl's gas lines, remember it all too well. But I don't recall the inflation being this wide-spread, across so many consumer markets. Everything has pretty well skyrocketed, at least most things I tend to buy. Bacon is about $5 a package at the grocery store, gas is high as a cat's back, ammo and components are expensive and at times hard to even find and it's a good thing I quit smoking over 20 years ago- I dont see how anyone affords that habit anymore.
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Well, I was around for Jimmy Earl's gas lines, remember it all too well. But I don't recall the inflation being this wide-spread, across so many consumer markets. Everything has pretty well skyrocketed, at least most things I tend to buy. Bacon is about $5 a package at the grocery store, gas is high as a cat's back, ammo and components are expensive and at times hard to even find and it's a good thing I quit smoking over 20 years ago- I dont see how anyone affords that habit anymore.
Oh yeah, inflation was very wide spread back then. I was just getting my first house back then, at 12% variable rate (and it went up every year). Everything was inflating quickly. I was fortunate I worked for one of the top 1-3 companies in the world, so raises pretty well kept pace. But it was a crazy time. Hopefully we are not headed there again.
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Well, I was around for Jimmy Earl's gas lines, remember it all too well.
That was primarily supply chain though, not inflation.
::)
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I just can’t believe how much stuff costs now- I swear I never spent so much on gas and milk in my entire life!!
That's because you are young. If you were an adult during jimmy Carter's presidency and the first year or two of Reagan's you would really understand inflation and how much things can go up. This is only the beginning hang on to your hat
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My first house mortgage rate 12%. In 1979 trying to start a business with school loan debt. Wasn't easy just had to take it a day at a time.
For a long time thought Carter was worst US president ever. I've reassessed that thought in past years.
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For a long time thought Carter was worst US president ever. I've reassessed that thought in past years.
Carter: Worst president ever.
Obama: Hold my beer.
Biden: Trulnalimunumaprzrrer!
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Hahahaha,yes!
Also, LBJ and FDR would like a word.
And finally, Biden would love to understand any words.
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Why I've bought physical silver & gold the past few years. Savings interest rates meant you were losing money!
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Savings interest rates meant you were losing money!
At present you are losing 1% every month or more, depending on whether you factor in food and energy (which the core CPI omits).
Then consider the fact you paying income tax on whatever interest you earn. So yes you're losing money; probably more than you think.
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Well, I was around for Jimmy Earl's gas lines, remember it all too well.
That was primarily supply chain though, not inflation.
::)
If you believe gas was actually in short supply. Perhaps it was in US markets I guess.
::) ::) ::)
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Well, I was around for Jimmy Earl's gas lines, remember it all too well. But I don't recall the inflation being this wide-spread, across so many consumer markets. Everything has pretty well skyrocketed, at least most things I tend to buy. Bacon is about $5 a package at the grocery store, gas is high as a cat's back, ammo and components are expensive and at times hard to even find and it's a good thing I quit smoking over 20 years ago- I dont see how anyone affords that habit anymore.
Oh yeah, inflation was very wide spread back then. I was just getting my first house back then, at 12% variable rate (and it went up every year). Everything was inflating quickly. I was fortunate I worked for one of the top 1-3 companies in the world, so raises pretty well kept pace. But it was a crazy time. Hopefully we are not headed there again.
I still dont think inflation was as wide spread. Everything s beserk now.
Real estate- I bought my first house a couple years after the gas lines, everything went up in housing, but then crashed in the mid 80s. It took me over ten years to see prices return to the level I had bought at, fortunately that was about when I needed a bigger house so I sold. Today that same house is THREE TIMES what I sold it for in 1996. Thats a lot worse than the inflation from the time the house was built in 1979, and when I bought it.
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I still dont think inflation was as wide spread. Everything s beserk now.
Real estate- I bought my first house a couple years after the gas lines, everything went up in housing, but then crashed in the mid 80s. It took me over ten years to see prices return to the level I had bought at, fortunately that was about when I needed a bigger house so I sold. Today that same house is THREE TIMES what I sold it for in 1996. Thats a lot worse than the inflation from the time the house was built in 1979, and when I bought it.
You can't just take one segment though. I agree, housing in most areas (and vehicles and college education) have continued to (seemingly) inflate at a faster rate than many/most other things. I'm talking about groceries, gas, services, etc.
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You can't just take one segment though. I agree, housing in most areas (and vehicles and college education) have continued to (seemingly) inflate at a faster rate than many/most other things.
My undergraduate degree cost me about $15000 all in, including tuition housing meals etc. I was happy to have received a scholarship award of $2500. I borrowed another $5000, and worked for the rest.
The day after I graduated I got a job that paid $25000 a year. That wasn't anything extraordinary, some people got slightly higher paying jobs, some didn't.
My daughter's college is $57,000 a year and that's just for tuition. Add housing, meals etc the bill comes to $83,000 a year.
Payable in cash. All of it. Up front. For one year.
Is it any wonder young people today think they have no future. They're wrong of course, but it'll be a long time earning that investment back. I paid off my $5000 loan in two or three years.
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I'm sitting here laughing my a$$ off thinking about a thread that has people saying I'm not buying ammo until the price is back to normal. This is the new normal with prices looking higher
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You can't just take one segment though. I agree, housing in most areas (and vehicles and college education) have continued to (seemingly) inflate at a faster rate than many/most other things.
My undergraduate degree cost me about $15000 all in, including tuition housing meals etc. I was happy to have received a scholarship award of $2500. I borrowed another $5000, and worked for the rest.
The day after I graduated I got a job that paid $25000 a year. That wasn't anything extraordinary, some people got slightly higher paying jobs, some didn't.
My daughter's college is $57,000 a year and that's just for tuition. Add housing, meals etc the bill comes to $83,000 a year.
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Yes I'v been saying/believing the newer generation is really getting the short end of the stick.. Question is whom to blame for this disaster??? BTW I'm an older guy.
Payable in cash. All of it. Up front. For one year.
Is it any wonder young people today think they have no future. They're wrong of course, but it'll be a long time earning that investment back. I paid off my $5000 loan in two or three years.
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You can't just take one segment though. I agree, housing in most areas (and vehicles and college education) have continued to (seemingly) inflate at a faster rate than many/most other things.
My undergraduate degree cost me about $15000 all in, including tuition housing meals etc. I was happy to have received a scholarship award of $2500. I borrowed another $5000, and worked for the rest.
The day after I graduated I got a job that paid $25000 a year. That wasn't anything extraordinary, some people got slightly higher paying jobs, some didn't.
My daughter's college is $57,000 a year and that's just for tuition. Add housing, meals etc the bill comes to $83,000 a year.
q
Yes I'v been saying/believing the newer generation is really getting the short end of the stick.. Question is whom to blame for this disaster??? BTW I'm an older guy.
Payable in cash. All of it. Up front. For one year.
Is it any wonder young people today think they have no future. They're wrong of course, but it'll be a long time earning that investment back. I paid off my $5000 loan in two or three years.
Lordy i cant believe what education costs now. I finished Auburn University in 75. A years tuition there was $900. My senior year i saw an add in the chemistry building hiring Phds in chem to come on at instructor level position paying $14000 a year. I just wonder if a BS/BA degree is worth what one has to pay now.
Granted inflation has changed things in last 50 yrs but still wonder if its worth it. Mike Rowe has been advising young people to go to trade schools. May be good idea.
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I live in Palm Beach County FL. I just came back from a Winn Dixie. A loaf of pumpernickel bread that was 379 two weeks ago was 499 today
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(https://i.ibb.co/Hdt2x87/BIteme-bullbleep-babbling.jpg)
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Mike Rowe has been advising young people to go to trade schools. May be good idea.
Mike Rowe has the right idea. If you need to hire a contractor like a carpenter, lumberjack, plumber or general purpose handyman, good luck. If you already have a good relationship with a contractor, be sure to take care of them. I mean $100 tips.
The last time I had to get something done I waited six months. It was worth it.
People who actually get stuff done are in the driver's seat right now. Truckers for example are finally becoming aware of the power they have. Good for them!
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Pumped gas at full service for 24.9 cents. Bought my first house for $29,900 and have purchased vehicles for more. House was purchased on 7% low income low interest loan. When we both again where employed interest was 19% for almost a year. Addition to almost double square footage on that house was $200,000. Now drive a GMC 3500 and diesel fill is more than those house payments. My first semi auto .22 was $19 at the local hardware store purchased by me at age 13 without parental consent.
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Pumped gas at full service for 24.9 cents. Bought my first house for $29,900 and have purchased vehicles for more. House was purchased on 7% low income low interest loan. When we both again where employed interest was 19% for almost a year. Addition to almost double square footage on that house was $200,000. Now drive a GMC 3500 and diesel fill is more than those house payments. My first semi auto .22 was $19 at the local hardware store purchased by me at age 13 without parental consent.
Wow I can't imagine a 13 y/o being allowed to purchase a pistol today, back then I guess they trusted young kids more than they trust grown ups today. Why is that??
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Pumped gas at full service for 24.9 cents. Bought my first house for $29,900 and have purchased vehicles for more. House was purchased on 7% low income low interest loan. When we both again where employed interest was 19% for almost a year. Addition to almost double square footage on that house was $200,000. Now drive a GMC 3500 and diesel fill is more than those house payments. My first semi auto .22 was $19 at the local hardware store purchased by me at age 13 without parental consent.
Wow I can't imagine a 13 y/o being allowed to purchase a pistol today, back then I guess they trusted young kids more than they trust grown ups today. Why is that??
How about this, when I was 13 living in Brooklyn NY my friend and I would get on the bus with 2 22 cal in soft cases. Everyone knew what was in the cases and no one cared. The year was 1961. Remember most of the people on the bus was either a WW2 vet or married to one
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I don’t know about you guys but I’m so glad the Biden regime, I mean administration, was completely fairly legitimately elected to save us from mean tweets. I absolutely love that we now have less money to spend toward those annoying things like vacations, weekend getaways, extra curricular activities like sporting events and concerts, trips to museums to aid in the education of my children. We are so much better off than we were… I’ll never doubt the integrity of our elections, ever…at all…not even slightly...
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I live in Palm Beach County FL. I just came back from a Winn Dixie. A loaf of pumpernickel bread that was 379 two weeks ago was 499 today
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Fellow Palm Beach resident here.
We the people in Florida should be very grateful for the Governor we have, can’t you imagine what would have been to live under that Gillum crackhead this times?
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I live in Palm Beach County FL. I just came back from a Winn Dixie. A loaf of pumpernickel bread that was 379 two weeks ago was 499 today
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Fellow Palm Beach resident here.
We the people in Florida should be very grateful for the Governor we have, can’t you imagine what would have been to live under that Gillum crackhead this times?
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You’re absolutely right about that! :)
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I live in Palm Beach County FL. I just came back from a Winn Dixie. A loaf of pumpernickel bread that was 379 two weeks ago was 499 today
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Fellow Palm Beach resident here.
We the people in Florida should be very grateful for the Governor we have, can’t you imagine what would have been to live under that Gillum crackhead this times?
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You’re absolutely right about that! :)
We really dodged a bullet back then!
The communists are going for DeSantis throat this elections but if we can keep them from cheating and stealing yet another election we should be able to keep Ron as Governor.
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Pumped gas at full service for 24.9 cents. Bought my first house for $29,900 and have purchased vehicles for more. House was purchased on 7% low income low interest loan. When we both again where employed interest was 19% for almost a year. Addition to almost double square footage on that house was $200,000. Now drive a GMC 3500 and diesel fill is more than those house payments. My first semi auto .22 was $19 at the local hardware store purchased by me at age 13 without parental consent.
Wow I can't imagine a 13 y/o being allowed to purchase a pistol today, back then I guess they trusted young kids more than they trust grown ups today. Why is that??
How about this, when I was 13 living in Brooklyn NY my friend and I would get on the bus with 2 22 cal in soft cases. Everyone knew what was in the cases and no one cared. The year was 1961. Remember most of the people on the bus was either a WW2 vet or married to one
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Yes I see where your going with that, so back then they trusted people not do something stupid with a firearm. I'm sure that same area today if a 13 y/o did what you did back in 1961 they would be on the national news ::)
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Yesterday, I paid the highest natural gas bill in the 22 years we’ve lived in our home.
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I don’t know about you guys but I’m so glad the Biden regime, I mean administration, was completely fairly legitimately elected to save us from mean tweets. I absolutely love that we now have less money to spend toward those annoying things like vacations, weekend getaways, extra curricular activities like sporting events and concerts, trips to museums to aid in the education of my children. We are so much better off than we were… I’ll never doubt the integrity of our elections, ever…at all…not even slightly...
Thanks for the chuckle about saving us from the mean tweets! ;D
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Yesterday, I paid the highest natural gas bill in the 22 years we’ve lived in our home.
You should be saying Thank you Joe Biden
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Pumped gas at full service for 24.9 cents. Bought my first house for $29,900 and have purchased vehicles for more. House was purchased on 7% low income low interest loan. When we both again where employed interest was 19% for almost a year. Addition to almost double square footage on that house was $200,000. Now drive a GMC 3500 and diesel fill is more than those house payments. My first semi auto .22 was $19 at the local hardware store purchased by me at age 13 without parental consent.
Wow I can't imagine a 13 y/o being allowed to purchase a pistol today, back then I guess they trusted young kids more than they trust grown ups today. Why is that??
How about this, when I was 13 living in Brooklyn NY my friend and I would get on the bus with 2 22 cal in soft cases. Everyone knew what was in the cases and no one cared. The year was 1961. Remember most of the people on the bus was either a WW2 vet or married to one
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That's another aspect of life that's radically changed since I was a kid. I grew up in Birmingham AL, it wasn't a small city. No one, I mean no one ever even gave a thought about carrying a defensive weapon in 50s and 60s. There was absolutely no perceived need for that. I now live in what's called lower Alabama and a lot of my acquaintances and friends regularly carry. In fact, (I think this is correct) Alabama has highest per capita concealed weapons permits in the nation. Funny thing too is we don't shoot each other very much.
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That's another aspect of life that's radically changed since I was a kid. I grew up in Birmingham AL, it wasn't a small city. No one, I mean no one ever even gave a thought about carrying a defensive weapon in 50s and 60s. There was absolutely no perceived need for that. I now live in what's called lower Alabama and a lot of my acquaintances and friends regularly carry. In fact, (I think this is correct) Alabama has highest per capita concealed weapons permits in the nation. Funny thing too is we don't shoot each other very much.
Well, maybe not "no one". I also grew up in Birmingham in the very early 60's. My brother and I happened on to a poisonous snake in our yard. Told our mom and she was frantic. A good ol' boy was passing by on the road and asked if he could help. Once informed of the issue, he pulled out is 6 shooter off his side and did what a southern man should do. I was quite impressed as a 6 year old.
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You want things to change in your life, you got to change who's running the government and the stupid mindset they have. Take politics out of it and we all know what's right and wrong.
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Well, maybe not "no one". I also grew up in Birmingham in the very early 60's. My brother and I happened on to a poisonous snake in our yard. Told our mom and she was frantic. A good ol' boy was passing by on the road and asked if he could help. Once informed of the issue, he pulled out is 6 shooter off his side and did what a southern man should do. I was quite impressed as a 6 year old.
Bet that was impressive! ;D
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It’s like carter 2.0 1976 only way worse …
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It’s like carter 2.0 1976 only way worse …
Agreed. And a big part of what makes it worse is that the mainstream media is not holding this administration accountable.
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It’s like carter 2.0 1976 only way worse …
Agreed. And a big part of what makes it worse is that the mainstream media is not holding this administration accountable.
They never do when the left is in office. As I recall they didnt really back then either, but the gas lines were hard to ignore.
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I saw a funny joke that someone said it’s now the same price to go out to eat as it is to stay home and eat….that is scary
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I just can’t believe how much stuff costs now- I swear I never spent so much on gas and milk in my entire life!!
That's because you are young. If you were an adult during jimmy Carter's presidency and the first year or two of Reagan's you would really understand inflation and how much things can go up. This is only the beginning hang on to your hat
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(Sadly) Amen! Anyone for 20 percent interest rates?
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Question:
Do we discuss politics in this forum?
a) Yes
b) No
Only one answer is correct, and pretty much everyone here has been around the forum long enough to know which answer it is.