Hyperinflation starting? What's happening in your area? Post your ground reports.

[WJK]

What the hell? Why is it so much?

I've done a quote on sidecarhealth.com (the expensive option) and it's like <$200/mo for $0 deductible and $1M policy for myself.

In our state there almost no choices.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Vigilante]

At the 7-Eleven where I buy gasoline and sugar-free rockstar, the retail clerk was telling me how stressed out the employees are. She said that every single week every single item in the store the price goes up, and that every single week they get the list of every single price increase on every single item in the store and every single week they have to replace every single product. She said two or three years ago it would’ve been maybe a dozen items per week with price changes. Now, it is every item increasing in price every single week.

So is your income increasing every week? If it’s not, then as each week passes the value of your income is decreasing when used as a metric for what you can exchange your income for goods for.

Said differently, with every week that passes you are getting poorer.

if you are locked into a job where are you trade your hours for a fixed income, you have no chance to scale your income to match the weekly inflationary increases. You can’t possibly keep up. Eventually, nobody will be able to keep up anyway once we truly hit the accelerator into hyper inflation.

Debt vaporizes in hyperinflation.

 

[PizzaOnTheRoof]

In our state there almost no choices.

The whole system is so f*cked it's sickening. Just let the free market handle it.

I'm 24 years old, in good health, don't drink really or smoke, no risky hobbies or activities.

I'm literally free money to an insurance company, I just want to be covered if I get hit by a bus.

 

[DoingDeals]

At the 7-Eleven where I buy gasoline and sugar-free rockstar, the retail clerk was telling me how stressed out the employees are. She said that every single week every single item in the store the price goes up, and that every single week they get the list of every single price increase on every single item in the store and every single week they have to replace every single product. She said two or three years ago it would’ve been maybe a dozen items per week with price changes. Now, it is every item increasing in price every single week.

So is your income increasing every week? If it’s not, then as each week passes the value of your income is decreasing when used as a metric for what you can exchange your income for goods for.

Said differently, with every week that passes you are getting poorer.

if you are locked into a job where are you trade your hours for a fixed income, you have no chance to scale your income to match the weekly inflationary increases. You can’t possibly keep up. Eventually, nobody will be able to keep up anyway once we truly hit the accelerator into hyper inflation.

Debt vaporizes in hyperinflation.

$800 last time for insurance.

The 7-Eleven across from me the highest I've seen it was $2.97-2.98, today it was $3.05 in Florida. I know Vigilante is from Tampa I'm in Fort Lauderdale.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Ing]

Has anyone here ever heard of Hugo Stinnes?

During the Weimar Republic’s massive hyperinflation, Stinnes was called the “Emperor of Germany” and “King of Inflation” because of his clever use of leverage in buying up assets and businesses.

The man died with more than 2,000, (maybe it was 4,000), enterprises under his control.

Somehow he managed it - and most of it fell apart when he died - but some of his subsidiary companies survive to this day in Germany.

Maybe @Ing knows more?

I only know the name. He s done right in the right time And used to pay hisbolls via inflation like the governments.

 

[theag]

I pay € 900 / month for statutory health insurance in Germany. It's a percentage of gross income but capped at this maximum amount. Includes only basic dental and vision.

It increased 6% from 2020 to 2021, which is of course a lot more than the "official inflation numbers". From 2019 to 2020 it increased by 3,3%.

The insurance is basically worthless, because you usually have to wait 3+ months for an appointment with a specialist. Thats because doctors don't get paid enough for patients with statutory insurance, so they limit spots for them. Most of these spots are usually taken up by unemployed people and illegal immigrants, who get the insurance for free.

If you pay out-of-pocket or have private insurance, you can get an appointment the same or next day at the latest.

It wasn't like this 10 years ago. But now the system is completely broken.

 

[Kak]

The cost of lumber is going back down again. I don't know how low the prices will go. We'll see how the prices shake out and the supply chain problems are solved.

I bet they settle a higher than a early 2020 but it was probably in its own mini bubble.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[WJK]

I bet they settle a higher than a early 2020 but it was probably in its own mini bubble.

I don't know. But, I am raising my rents. That causing a LOT of unhappiness. And I gonna raise the cost of candy bars this week in my candy machine at my Laundromat. The cost of the goods has gone up.

 

[Vigilante]

I don't know. But, I am raising my rents. That causing a LOT of unhappiness. And I gonna raise the cost of candy bars this week in my candy machine at my Laundromat. The cost of the goods has gone up.

Raise it higher than you think you should and test price elasticity.

 

[MJ DeMarco]

At the 7-Eleven where I buy gasoline and sugar-free rockstar, the retail clerk was telling me how stressed out the employees are. She said that every single week every single item in the store the price goes up, and that every single week they get the list of every single price increase on every single item in the store and every single week they have to replace every single product. She said two or three years ago it would’ve been maybe a dozen items per week with price changes. Now, it is every item increasing in price every single week.

So is your income increasing every week? If it’s not, then as each week passes the value of your income is decreasing when used as a metric for what you can exchange your income for goods for.

Said differently, with every week that passes you are getting poorer.

if you are locked into a job where are you trade your hours for a fixed income, you have no chance to scale your income to match the weekly inflationary increases. You can’t possibly keep up. Eventually, nobody will be able to keep up anyway once we truly hit the accelerator into hyper inflation.

Debt vaporizes in hyperinflation.

This type of story is a true reflection of what is really going on. A shopkeeper would know the domain details that you won't hear on the news. Believe me, my grocery trip always has the same type of items bought weekly ... I'm guessing in the last 2 years that "basket" of usual goods has gone up 20% for me. I honestly don't know how wage-earners are keeping pace...

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Cool_Llama]

I honestly don't know how wage-earners are keeping pace...

For real MJ.

In my situation, even though I'm still trading my time for money(I'm a self-employed handyman), I do have the option to raise my prices. As an employee, try asking an employer for a raise and you'll be told no and ridiculed by the boss.

Working as an employee especially in these times is not an option.

 

[DreSon]

This type of story is a true reflection of what is really going on. A shopkeeper would know the domain details that you won't hear on the news. Believe me, my grocery trip always has the same type of items bought weekly ... I'm guessing in the last 2 years that "basket" of usual goods has gone up 20% for me. I honestly don't know how wage-earners are keeping pace...

I just had to ask my second job for more hours. Full time Monday to Friday and now weekends at the other job.

I'm still pursuing my entrepreneurial goals as part of my process, but in the meantime, I have less hours to commit now just to keep up the pace.

We had to move out of our comfortable rental (from a family member, $1500/mo.) into an Orange List rental for $2300 + utilities.

I have a lot of FTE factors mounting lately, that's for sure.

 

[AceVentures]

https://www.reddit.com/r/PrepperIntel/comments/piddj6 View: https://www.reddit.com/r/PrepperIntel/comments/piddj6/electric_distribution_utility_employee_here_in/?utm_source=share&utm_medium=ios_app&utm_name=iossmf


This was a pretty insightful take on supply shortages in practice. Transformers seem to be in tight supply. Any catastrophe could lead to potentially months long outages.

Good idea to keep power generators at hand in the event you see prolonged outages. Best to stay prepared before an incident or we might struggle to find generators too when the time comes.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[RicardoGrande]

Good idea to keep power generators at hand in the event you see prolonged outages. Best to stay prepared before an incident or we might struggle to find generators too when the time comes.

I put off getting a generator after the Texas freeze in feb because of sky-high generator prices, but it looks like it's still 600-800$ for a generator, oof.
Perhaps a life crime isn't the worst thing for a young millenial at this point...

I honestly don't know how wage-earners are keeping pace...

I'm a completely average young millenial with an associates degree that tried living like a monk and saving up to buy a house for the past 3 years. I hit my savings goal for a down payment, but with how the covid market and inflation have hit, I think I've lost 16% of the real value of my savings since March 2020 if not more.
I've seen so much economic blackpilling that I feel almost no drive to do anything but sit back and hold at my dayjob and wait and watch for the economy to bottom-out and sh** all over itself before bothering to try and pick up the pieces, but I'm also aware that's a loser mentality.
A lot of normal entrepreneurship avenues like importing seem to be out the door due to sea-shipping rates, and selling to businesses/SBs/consumers seems like a no win situation with how panicked most owners and consumers are. Basically comes to the "What the hell is the point?" question again.

Any optimism or pro-tips are appreciated

 

[rc08234]

What the hell? Why is it so much?

I've done a quote on sidecarhealth.com (the "expensive" alternative to traditional insurance) and it's like <$200/mo for $0 deductible and $1M policy for myself.

Maybe I'm missing something.

If it's that expensive I might as well just bank the money or do an HSA.

I think the area you live has alot to do with it. And I'm only 32 and that quote was before any questions so it's only going to go up from there lol.

 

[Timmy C]

https://www.reddit.com/r/PrepperIntel/comments/piddj6 View: https://www.reddit.com/r/PrepperIntel/comments/piddj6/electric_distribution_utility_employee_here_in/?utm_source=share&utm_medium=ios_app&utm_name=iossmf


This was a pretty insightful take on supply shortages in practice. Transformers seem to be in tight supply. Any catastrophe could lead to potentially months long outages.

Good idea to keep power generators at hand in the event you see prolonged outages. Best to stay prepared before an incident or we might struggle to find generators too when the time comes.

This is my set up.
No petrol needed as it runs of electricity
Feel free to use it everyone.

Also buy yourself a bunch of vegetable seeds so you can plant them in the event of things going completely insane.

Also a weapon, for hunting animals so you can eat as well as a map of your area if worse comes to worst.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[RicardoGrande]

Oh hey what's this, we quintupled the money supply in the past year?

M1 (DISCONTINUED)

View a measure of the most-liquid assets in the U.S. money supply: cash, checking accounts, traveler's checks, demand deposits, and other checkable deposits.

fred.stlouisfed.org

Wait, the FED has decided to discontinue this reporting because it "can't handle the intricacies of the post-covid world?"
This is going to be a mess once the damn breaks.
Many point out that we've been safe because whatever entities that got this cash from the fed haven't moved it around much yet, but once they do, all hell will break loose.

 

[Antifragile]

View attachment 39778Oh hey what's this, we quintupled the money supply in the past year?

M1 (DISCONTINUED)

View a measure of the most-liquid assets in the U.S. money supply: cash, checking accounts, traveler's checks, demand deposits, and other checkable deposits.

fred.stlouisfed.org

Wait, the FED has decided to discontinue this reporting because it "can't handle the intricacies of the post-C0VlD world?"
This is going to be a mess once the damn breaks.
Many point out that we've been safe because whatever entities that got this cash from the fed haven't moved it around much yet, but once they do, all hell will break loose.

Is this reliable info? Can we somehow verify the accuracy of 4x claim?

 

[RicardoGrande]

Is this reliable info? Can we somehow verify the accuracy of 4x claim?

I mean... the graph clearly states that all money in the m1 category went from 4,000 BILLION to 18,000 billion which is about 4.5x in just a year... and the link goes right to the st louis fed's site, the fed being the controlling entity of u.s. fiscal policy.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[ljean]

They reclassified savings accounts to the M1 category last year. Look at a chart of M2 for a more realistic picture.

 

[Antifragile]

I understand that only data available is for 2020… hence the question

Data

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

 

[Antifragile]

Is this reliable info? Can we somehow verify the accuracy of 4x claim?

doesn’t look like 4x …

United States Money Supply M2

Money Supply M2 in the United States decreased to 20781.80 USD Billion in January from 20827.20 USD Billion in December of 2023. This page provides - United States Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[MattR82]

My friends business in tv installation and set up, wall mounting, antenna repair and installation has heen booming lol.

Lucky for him they want us to keep buying TVs.

Amazing how many people spend over a grand or 2 on a new smart tv but still want a tv antenna to get the local propoganda.

I know someone that has a job assisting unfortunate families and she's telling them that they need to start looking for accommodation a few hundred kms away from our area (Sunshine coast 90 mins north of capital city Brisbane). Rentals are being taken sight unseen and a year paid upfront. Good luck if you have big dogs or children.

 

[socaldude]

This is my set up.
No petrol needed as it runs of electricity
Feel free to use it everyone.

Also buy yourself a bunch of vegetable seeds so you can plant them in the event of things going completely insane.

Also a weapon, for hunting animals so you can eat as well as a map of your area

Can you imagine the next black swan double digit standard deviation event? And it's one of those things that WILL happen. They will have to quadriple the money supply LOL.

I wouldn't be suprised if an EMP struck. The pharma companies wouldn't be able to manufacture their pills and you wouldn't be able to use a cell phone tower. LOL

 

[andrewbaltimore]

Seeing what's going on, what's your take on debt?
I've been debt free all my life but I'm wondering, maybe it is a good idea to get a mortgage at a fixed rate now for the highest duration possible.
I don't own any real estate at the moment...

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Timmy C]

Seeing what's going on, what's your take on debt?
I've been debt free all my life but I'm wondering, maybe it is a good idea to get a mortgage at a fixed rate now for the highest duration possible.
I don't own any real estate at the moment...

I just YOLO into crypto 80% and stocks 20%.

I don't like debt.

I have some gold but that's it.

I have no idea.

 

[WJK]

Seeing what's going on, what's your take on debt?
I've been debt free all my life but I'm wondering, maybe it is a good idea to get a mortgage at a fixed rate now for the highest duration possible.
I don't own any real estate at the moment...

I am in real estate and I've taken the opposite tact -- total debt reduction. If I was you, I'd stay debt free.

 

[Guest-5ty5s4]

Discovered this site today.

Looks like their goal is to try and come up with more accurate inflation, unemployment, and money supply data.

Inflation, Money Supply, GDP, Unemployment and the Dollar - Alternate Data Series

www.shadowstats.com

I'm no expert so I can't verify how accurate their adjustments are, but anecdotally, the unemployment adjustment looks far more realistic than the official data.

I'd say the same about their CPI adjustment.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[AceVentures]

Seeing what's going on, what's your take on debt?
I've been debt free all my life but I'm wondering, maybe it is a good idea to get a mortgage at a fixed rate now for the highest duration possible.
I don't own any real estate at the moment...

I applied for a bunch of new credit-cards with 0% APR offers. Essentially, I managed to get a bunch of debt with 0% interest for the next 18months.

I can put that money to work and make a whole lot with it over the next 18 months.

That's my take - but that's also because I have a lot of conviction around the fact that the printing will not stop. It is my personal opinion that more inflation is inevitable at this point.

 

[Guest-5ty5s4]

I applied for a bunch of new credit-cards with 0% APR offers. Essentially, I managed to get a bunch of debt with 0% interest for the next 18months.

I can put that money to work and make a whole lot with it over the next 18 months.

That's my take - but that's also because I have a lot of conviction around the fact that the printing will not stop. It is my personal opinion that more inflation is inevitable at this point.

I agree, the inflation is here to stay.

The only other scenario - much, much bleaker - would be a plan to cut the cord suddenly and crash everything after everybody is in debt, to then socialize / buy up (think Blackrock but bigger and backed by gov) / do some other sweeping economic plan.

That's all speculation and nonsense though; the inflation is here and it's real.