Inflation woes

[JamesCC]

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!!

[Crawl]

Yep.

When the federal reserve increases the money supply $2.3 trillion in a month, these types of things happen.

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[Double Tap]

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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[Crawl]

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

[Double Tap]

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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[Crawl]

Back when saving money was encouraged.

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[SI VIS PACEM PARRABELLUM]

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.

[simplemann]

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

[ssqman]

Gas is $3.49 here. Hasn't been that high since obama.

[Crawl]

You can thank the climate change crowd for that. You get crucified for publicly investing in hydrocarbons nowadays.

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[david s]

[/quote]I had a CD that paid 17% for 5 years [emoji22]

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[/quote]                                                                                                                                                                                                 
                                                                                                                                                                                       
 Yes and the prime lending rate was 20% +.

[v35]

Gas and milk? Try powder and primers. 300% increase, and that's if you can find it.

[Crawl]

That's primarily supply chain though, not inflation.

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[pikepole20]

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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[crosstimbers]

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.