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WY, USA
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Posted: 5/12/2024 12:11:25 AM EDT
[#1]
Fuck Joe Biden.
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MI, USA
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Posted: 5/12/2024 12:18:43 AM EDT
[#2]
Quote HistoryOriginally Posted By ZuoZongtang: I don't necessarily agree. Starbucks jacked up prices to the point that the customer simply can't afford to go as often. I mean a damn Starbucks "cake pop" is $2.29c and its just a damn single dunkin doughnuts munchkin on a stick. So they will cut staff hours and cut price. Service will go down. Neverending loop of doom. I have a 26 year old trainee with a name similar to your screen name who often brings in a big Starbucks coffee. I say "WTF was that like $12?!" He says yeah but he bought it with "stars". Okay, how much did you have to buy to "earn" those stars. He's an ex-cop who believes in civil asset forfeiture, and I'm forced to train him and expected to extend my knowledge and wisdom to help him succeed. Pretty tough. |
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Posted: 5/12/2024 3:45:18 AM EDT
[#3]
Quote HistoryOriginally Posted By durtychemist: So you mean the recession where banks wouldn’t sell homes they forclosed on because they’d lose too much money? The same recession where there were so many vacant houses people trashed them for fun? The one where those cheap houses could have been bought by millennials and Gen X who NOW can’t afford a home? Yeah recessions are great for adjusting prices. Not much else. Quote HistoryOriginally Posted By durtychemist: Originally Posted By ztug: Certain prices can definitely go down, for instance gasoline can drop by 50% if we open up all the spickets. Another thing is food. Even houses, we bought a house in 2009 for $125,000 a few years before that the previous owner had paid $275,000 for Prices go down in recessions So you mean the recession where banks wouldn’t sell homes they forclosed on because they’d lose too much money? The same recession where there were so many vacant houses people trashed them for fun? The one where those cheap houses could have been bought by millennials and Gen X who NOW can’t afford a home? Yeah recessions are great for adjusting prices. Not much else. Recession is good for getting rid of mal investments. It's necessary to ensure the economy is healthy. It also hurts. Best description is it's like a ground fire in a forest getting rid of deadwood. But, the fed and usg since 2008 using QE and debt spending has prevented that from happening, leading to too much debt, too much shitty investment, lots more regulation, and now inflation |
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OH, USA
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Posted: 5/12/2024 4:15:43 AM EDT
[#4]
Peter Zeihan states that capitalism, socialism and communism are all economic models based on expanding populations.
In many areas of the developed world populations will be shrinking. The workers are retiring...no replacement generation. |
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Posted: 5/12/2024 4:25:44 AM EDT
[Last Edit: DDalton]
[#5]
Uh, isn't the point of the fed raising rates an effort to slow spending to get bring inflation rate down.
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VA, USA
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Posted: 5/12/2024 5:36:33 AM EDT
[#6]
from a recent trip
Airport "Large" coffee is 12oz. Regular coffee is baby-sized cup 6 or 8oz. Ridiculous. 5-start hotel stopped offering complementary breakfast. The airline started charging for food on the plane. They do give out free token samples like 0.5oz bag of almonds. Portion size of chicken, beef kabob shrank again. They don't have large pieces at all, they slice them up into tiny pieces and mix them up with rice. |
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Posted: 5/12/2024 5:47:41 AM EDT
[#7]
They're probably trying to keep the prices of their flights down in this inflationary period, to keep their volume up. To do that, it stands to reason they'd have to cut the frills.
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Posted: 5/12/2024 6:00:03 AM EDT
[#8]
Quote HistoryOriginally Posted By JLPettimoreIII: https://www.ar15.com/media/mediaFiles/253414/ezgif-5-89578825dc_jpg-3212064.JPG 
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Posted: 5/12/2024 6:11:01 AM EDT
[#9]
Gotta keep those record corporate profits going at all costs.
Try this one simple trick: Wnen reading any news article about the economy, substitute “record corporate profits” for “inflation”. |
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Posted: 5/12/2024 6:48:05 AM EDT
[#10]
Deficient spending at work. Every time the gov. prints more money the value decreases. It's the hidden tax that politicians don't talk about.
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PA, USA
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Posted: 5/12/2024 7:21:30 AM EDT
[#11]
Quote HistoryOriginally Posted By P229SAS: You’ll own nothing and suck dick behind the Amazon warehouse 
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FL, USA
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Posted: 5/12/2024 7:31:36 AM EDT
[Last Edit: FMJshooter]
[#12]
Quote HistoryOriginally Posted By dedreckon: Recession is good for getting rid of mal investments. It's necessary to ensure the economy is healthy. It also hurts. Best description is it's like a ground fire in a forest getting rid of deadwood. But, the fed and usg since 2008 using QE and debt spending has prevented that from happening, leading to too much debt, too much shitty investment, lots more regulation, and now inflation Yep Recessions allow new generations to jump in the game and move up the ladder, but since we're living under an oligarchy we don't recession anymore. We do ubi for the fools and "loans" for the rich. |
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WI, USA
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Posted: 5/12/2024 7:42:49 AM EDT
[#13]
well, duh. Of course prices will never go down. The democrats have fucked us good.
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Posted: 5/12/2024 8:11:53 AM EDT
[Last Edit: Lexington]
[#14]
Quote HistoryOriginally Posted By SuperSixOne: Most stagflation results in deflation (eventually) after demand falls off a cliff. Demand destruction a la The Fed is in full swing. This is the process. "YOU DON'T WANT THAT! AND YOU DON'T WANT THAT! AND YOU DON'T WANT THAT!" 
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Posted: 5/12/2024 8:13:32 AM EDT
[#15]
Quote HistoryOriginally Posted By P229SAS: You’ll own nothing and suck dick behind the Amazon warehouse Holla for a dolla! |
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NC, USA
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Posted: 5/12/2024 8:19:45 AM EDT
[#16]
Quote HistoryOriginally Posted By victorgonzales: Prices never go down. Inflation never goes down. Only thing that changes is the speed of inflation. Since 2020 my cost of existing went up over thirty percent . If they want me to buy stuff like I was in 2020 I need a thirty percent raise. I have only got a ten percent raise since then. That pretty much only revived my retirement plan funding. When or if I ever get that other 20 percent raise I'll consider buying some shit I don't need. Bingo |
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Posted: 5/12/2024 8:58:35 AM EDT
[#17]
Should be pedopeters new campaign slogan!
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Posted: 5/12/2024 9:04:20 AM EDT
[#18]
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USA
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Posted: 5/12/2024 9:09:08 AM EDT
[#19]
Quote HistoryOriginally Posted By madcap3k: People believe what the liars on the news say. Their fraudulent analysis of the situation determines how people feel about it because they're too stubborn to believe the news would lie. That's pretty much the problem with, well, everything. Border crisis, vote counting, "climate change", etc. |
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Posted: 5/12/2024 9:14:41 AM EDT
[#20]
Citizens: The government needs to do something about inflation.
Government: Stop being poor. |
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Posted: 5/12/2024 9:16:20 AM EDT
[#21]
Quote HistoryOriginally Posted By callgood: Economic growth for the sake of growth is the ideology of the cancer cell. Edward Abbey that's painfully sadly accurate |
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USA
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Posted: 5/12/2024 9:33:27 AM EDT
[#22]
If real estate prices fall a lot of people (and banks) will be hit hard.
All those who bought the $500,000 modest ranch houses that were selling for $250,000 two years ago cannot sell if they are mortgaged heavily and prices drop. Leverage is a two-edged sword. I see a huge disaster coming with real estate. As for everyday items, they will keep printing so inflation will ratchet; an occasional pause on a constant upward trend. |
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Posted: 5/12/2024 9:41:00 AM EDT
[#23]
Nope. Govt creating money out of thin air has kept "economic growth" going for decades.
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VI, USA
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Posted: 5/12/2024 9:45:52 AM EDT
[#24]
A news article popped up that McDonald's is rolling out $5 "meals" to combat the high costs of thier regular meals.
🤣🤣🤣🤣 They offer that here in the USVI: Double cheeseburger fries and a meduim drink or 6 Mcnuggets fries and a medium drink. This first was $4.99 then $5.50 now its $6.00 Bidenomics in action. |
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AZ, USA
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Posted: 5/12/2024 10:03:40 AM EDT
[#25]
ya..."growing" the economy is what i'm worried about...
can't let wallstreet, and MIC suffer now can we? Bonuses need to be paid out....keep slaving PLEBS! |
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Posted: 5/12/2024 10:14:17 AM EDT
[#26]
Straight up Democrat Party propaganda
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WY, USA
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Posted: 5/12/2024 10:26:27 AM EDT
[#27]
Quote HistoryOriginally Posted By farfromhome: We need deflation. Sure some people will lose jobs, get a better job. Nothing should cost more over time. TRUMP years were great, bRaNdOm years, the opposite. Stop printing money and inflation will stop. “If the American people ever allow private banks to control the issue of their currency first by inflation then by deflation the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered... I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people to whom it properly belongs.” ― Thomas Jefferson You don't want deflation. |
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USA
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Posted: 5/12/2024 10:29:38 AM EDT
[#28]
Quote HistoryOriginally Posted By opnblstr: Gotta keep those record corporate profits going at all costs. Try this one simple trick: Wnen reading any news article about the economy, substitute “record corporate profits” for “inflation”. In times of trouble do you: Take profit, but a lower amount to continue volume sales? Or Raise prices, keep record profits and blame the consumer? They're smashing B all day long |
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PA, USA
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Posted: 5/12/2024 10:30:37 AM EDT
[#29]
Quote HistoryOriginally Posted By Jellyfrosh: “If the American people ever allow private banks to control the issue of their currency first by inflation then by deflation the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered... I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people to whom it properly belongs.” ― Thomas Jefferson You don't want deflation. Quote HistoryOriginally Posted By Jellyfrosh: Originally Posted By farfromhome: We need deflation. Sure some people will lose jobs, get a better job. Nothing should cost more over time. TRUMP years were great, bRaNdOm years, the opposite. Stop printing money and inflation will stop. “If the American people ever allow private banks to control the issue of their currency first by inflation then by deflation the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered... I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people to whom it properly belongs.” ― Thomas Jefferson You don't want deflation. You don't want inflation either, and you certainly don't want a central bank, whose sole purpose is to steal everything from you to fund the Leviathan. |
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MOZ
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Posted: 5/12/2024 10:31:18 AM EDT
[#30]
People don’t think taxes, inflation and wage stagnation be like it is… but it do.
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Posted: 5/12/2024 10:32:55 AM EDT
[#31]
Quote HistoryOriginally Posted By Jellyfrosh: “If the American people ever allow private banks to control the issue of their currency first by inflation then by deflation the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered... I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people to whom it properly belongs.” ― Thomas Jefferson You don't want deflation. Quote HistoryOriginally Posted By Jellyfrosh: Originally Posted By farfromhome: We need deflation. Sure some people will lose jobs, get a better job. Nothing should cost more over time. TRUMP years were great, bRaNdOm years, the opposite. Stop printing money and inflation will stop. “If the American people ever allow private banks to control the issue of their currency first by inflation then by deflation the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered... I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people to whom it properly belongs.” ― Thomas Jefferson You don't want deflation. Note his last line. Hasn’t been reality since 1913 and is the crux of the problem. |
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Posted: 5/12/2024 10:33:02 AM EDT
[#32]
The fed govt deficit last year was 27% of federal spending.
6.2 trillion spent, 1.7 trillion deficit. 2024 will be even worse because revenues are already down compared to last year. The economy is retracting and is going to collapse hard. We are in a death spiral because fed policy has made energy prices expensive which increases the cost of everything, using up disposable income, causes people to make harder choices on what they spend their remaining money on, volumes decrease, revenues decrease, fed deficit spending increases and inflation increases causing more reduction in volumes etc etc etc. |
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USA
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Posted: 5/12/2024 10:46:52 AM EDT
[#33]
Quote HistoryOriginally Posted By opnblstr: Gotta keep those record corporate profits going at all costs. Try this one simple trick: Wnen reading any news article about the economy, substitute “record corporate profits” for “inflation”. Record profits are also a byproduct of inflation 
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MI, USA
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Posted: 5/12/2024 11:12:35 AM EDT
[#34]
Quote HistoryOriginally Posted By callgood: Economic growth for the sake of growth is the ideology of the cancer cell. Edward Abbey What was obuttfucks quote about those jobs are never coming back before Trump absofuckinglylutely crushed the hildabeast in the election and brought the jobs back? |
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TN, USA
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Posted: 5/12/2024 12:06:08 PM EDT
[#35]
Quote HistoryOriginally Posted By glock27bill: And Obama said that Suck was the new normal. "What's Trump gonna do...wave a magic wand?" Funny how no journalist ever circled back to him for comment. All we need to do is to get rid of the saboteurs. Exactly |
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VA, USA
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Posted: 5/12/2024 12:11:59 PM EDT
[#36]
Quote HistoryOriginally Posted By Mach: The fed govt deficit last year was 27% of federal spending. 6.2 trillion spent, 1.7 trillion deficit. 2024 will be even worse because revenues are already down compared to last year. The economy is retracting and is going to collapse hard. We are in a death spiral because fed policy has made energy prices expensive which increases the cost of everything, using up disposable income, causes people to make harder choices on what they spend their remaining money on, volumes decrease, revenues decrease, fed deficit spending increases and inflation increases causing more reduction in volumes etc etc etc. this |
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Posted: 5/12/2024 12:37:59 PM EDT
[Last Edit: Dragynn]
[#37]
LOL at CNBC!
Suck it. We are coping alright, by spending less than ever, and you're getting beaten up as a result or you wouldn't resort to BS stories like this. The not-spending will continue until morale improves. |
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USA
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Posted: 5/12/2024 12:48:17 PM EDT
[#38]
Quote HistoryOriginally Posted By Torf: People are confused that the rate of inflation is going down, but the prices aren't going down? Do they teach anything in high school anymore? An inflation rate of "only 4%" means that prices are 4% higher year over year, as defined. Who gives a crap if it came down from 6% last year? Even if inflation were 0% prices wouldn't come down. Don't people know what derivatives are anymore? I feel like I'm taking crazy pills. Biden is not claiming that the rate of inflation is down. He's claiming that inflation is down. It wasn't called the inflation rate reduction act. Prices can easily come down and do all the time. It's only theft through inflation that increases them. |
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UT, USA
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Posted: 5/12/2024 12:52:58 PM EDT
[#39]
Taxes are too freaking high and inflation is destroying us
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Posted: 5/12/2024 1:00:24 PM EDT
[Last Edit: pale_pony]
[#40]
We're under attack, by pernicious forces, with malicious intent of destroying our once great country. The tangos are already inside the wire
by stealing an election, deposing duly elected leaders, and installing their own puppet government Any presumption of candidate personal ineptitude, or "Occam's Razor" is pure delusional wishful thinking |
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Posted: 5/12/2024 1:33:04 PM EDT
[#41]
Quote HistoryOriginally Posted By CTYC313: You don't want deflation either. Wanna bet? |
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Posted: 5/12/2024 9:05:37 PM EDT
[#42]
Quote HistoryOriginally Posted By Mach: 6.2 trillion spent, 1.7 trillion deficit. Leftists like Biden wanted to crucify Ronald Reagan in 1986 because the deficit was $200 billion ($500 billion in 2023 dollars). |
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Posted: 5/12/2024 9:13:41 PM EDT
[#43]
Quote HistoryOriginally Posted By victorgonzales: Prices never go down. Inflation never goes down. Only thing that changes is the speed of inflation. Since 2020 my cost of existing went up over thirty percent . If they want me to buy stuff like I was in 2020 I need a thirty percent raise. I have only got a ten percent raise since then. That pretty much only revived my retirement plan funding. When or if I ever get that other 20 percent raise I'll consider buying some shit I don't need. Yes. People conflate the rate of inflation with the price of goods. They think "inflation is going down" means prices are going down (or back torward normal). "Inflation is going down" more closely translates to, the giant dildo the American public and the future of the republic are getting ass raped with is going from 13" down to 12". |
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Posted: 5/12/2024 9:25:51 PM EDT
[#44]
Quote HistoryOriginally Posted By CTYC313: You don't want deflation either. |
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USA
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Posted: 5/12/2024 9:37:56 PM EDT
[#45]
Quote HistoryOriginally Posted By snackle: Biden is not claiming that the rate of inflation is down. He's claiming that inflation is down. It wasn't called the inflation rate reduction act. Prices can easily come down and do all the time. It's only theft through inflation that increases them. Quote HistoryOriginally Posted By snackle: Originally Posted By Torf: People are confused that the rate of inflation is going down, but the prices aren't going down? Do they teach anything in high school anymore? An inflation rate of "only 4%" means that prices are 4% higher year over year, as defined. Who gives a crap if it came down from 6% last year? Even if inflation were 0% prices wouldn't come down. Don't people know what derivatives are anymore? I feel like I'm taking crazy pills. Biden is not claiming that the rate of inflation is down. He's claiming that inflation is down. It wasn't called the inflation rate reduction act. Prices can easily come down and do all the time. It's only theft through inflation that increases them. Inflation is measured as a rate. It can be 6% year over year, but he would make the claim that inflation is zero since it stayed at 6%. His problem is that people are noticing that his messaging isn't matching up to the reality they live. |
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Posted: 5/12/2024 10:15:43 PM EDT
[Last Edit: exponentialpi]
[#46]
Quote HistoryOriginally Posted By GunLvrPHD: Leftists like Biden wanted to crucify Ronald Reagan in 1986 because the deficit was $200 billion ($500 billion in 2023 dollars). Quote HistoryOriginally Posted By GunLvrPHD: Originally Posted By Mach: 6.2 trillion spent, 1.7 trillion deficit. Leftists like Biden wanted to crucify Ronald Reagan in 1986 because the deficit was $200 billion ($500 billion in 2023 dollars). That was the annual amount. The Federal debt almost tripled under Reagan. Every President since him deserves to be crucified for money printer go brrrrrr. Has nothing to do with left or right wing politics. They all spend more than they take in.  Attached File |
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USA
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Posted: 5/12/2024 10:26:32 PM EDT
[#47]
Quote HistoryOriginally Posted By exponentialpi: That was the annual amount. The Federal debt almost tripled under Reagan. Every President since him deserves to be crucified for money printer go brrrrrr. Has nothing to do with left or right wing politics. They all spend more than they take in. https://www.ar15.com/media/mediaFiles/200878/IMG_3887_jpeg-3212944.JPG |
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Posted: 5/12/2024 10:36:56 PM EDT
[#48]
Quote HistoryOriginally Posted By lokt: Wanna bet? Are you of working age and employed? If so, you don't want it. |
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Posted: 5/13/2024 6:04:21 AM EDT
[#49]
Quote HistoryOriginally Posted By 1Andy2: Are you of working age and employed? If so, you don't want it. Quote HistoryOriginally Posted By 1Andy2: Originally Posted By lokt: Wanna bet? Are you of working age and employed? If so, you don't want it. It would absolutely suck for the economy and large swaths of people would be negatively affected. However, $350 a square foot for new construction in BFE, sixty thousand dollar mid level pickup trucks, six dollar peanut butter, and ten dollar deli ham are not a pattern that can continue and my children or their children also have a chance at prosperity. "We" have reaped the gains of artificially low interest rates and massive government spending for years which is causing significant inflation. It can either continue, in which case we all live in poverty as millionaires or it can end and perhaps reverse, and it sucks for a time. |
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