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

Lyinx

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stainless steel buckles are now up 20% from a year ago
 
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Lyinx

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Edit * my one supplier said it's up 20% from a year ago, I just checked his prices and he is up 50% from a year ago, and he didn't even realize it, as he was just changing prices as his costs went up
 

socaldude

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If the last 2 years have proven anything, it's that a country cannot print its way to prosperity.

This is why you always hear me talk sh*t about the monetary system. Does any of that money actually create new factories and jobs? LOL hell no very little. It only makes stocks more attractive than bonds and lets these corporations buy back stock and buy competitors.:rofl:
 
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I know a guy who put up a nice metal building in 2019 for $55k.

He got a quote to duplicate that same exact metal building, same builder, today… $130k.

bUt tHe cPI!!!!
 

Raoul Duke

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I know a guy who put up a nice metal building in 2019 for $55k.

He got a quote to duplicate that same exact metal building, same builder, today… $130k.

bUt tHe cPI!!!!

yc3qJo5.jpg
 

Kak

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I agree that Biden is a POS, but this would still be happening if Trump was re-elected too. He was just as reckless of a spender. There was NOTHING small government about him.

If someone else owns and controls the value of the currency you possess, you live under socialism. In America, it’s just socialism that everyone calls capitalism and the lobotomized imbeciles believe it. Republican, Democrat… Both are socialist unless they believe in sound money.
 
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Raoul Duke

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I agree that Biden is a POS, but this would still be happening if Trump was re-elected too. He was just as reckless of a spender. There was NOTHING small government about him.

If someone else owns and controls the value of the currency you possess, you live under socialism. In America, it’s just socialism that everyone calls capitalism and the lobotomized imbeciles believe it. Republican, Democrat… Both are socialist unless they believe in sound money.

I know. ;)
 
G

Guest-5ty5s4

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Zinc is up 33% since last year. A letter from a supplier of another good (that uses zinc) said they are raising their prices by nearly that amount.
 

hellolin

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I agree that Biden is a POS, but this would still be happening if Trump was re-elected too. He was just as reckless of a spender. There was NOTHING small government about him.

Respect, lot a lot of right leaning folks are willing to admit this. Truth is he didn't have a better idea either, matter of fact, the entire western economy are all doing the same thing, and real economy hasn't grow a bit after 2008.
 

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So after I got a big pay raise and my new job in Tempe, AZ, I took a week of vacation to live there and check out the town.

Jesus, if the labor shortage situation in SoCal is bad, then it is absolutely buckers in Phoenix. Signs by the highway saying they are giving out $1000 for someone to refer someone else to work a general service job on the casino floor? What? When I drove around more upscale areas like Chandler and Gilbert, there are plenty of well established company's back offices are also hiring, I am sure those are not shit jobs that don't pay living wage (Not like the COL is really that high in Pho anyways). Where are all the people? Is it really we are living in an age where you don't have to work that much to survive anymore? Now I know why they gave me a pay raise to move to a lower COL area, because the labor shortage is just that bad in Phoenix.
 
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nothingness

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Honestly not even noticed. Fuel is high at around £1.85 a litre ($11 a gallon) but this is not unusual for the UK anyway. Shipping from the US is expensive and slow. A dedicated server I lease went up by £2 a month due to european electricity prices raising. Other than that not noticed much. I didn't notice much in the 2008 recession either and was too young for the 2000 dotcom crash. But I don't really spend much money any more anyway, nothing I buy "makes me happy" so I don't buy things often.
 

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Country club dues are up 9% YoY.
 

socaldude

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We just had the worst ADP jobs number since April 2020 and the schmucks at the Fed haven't even started their tapering. They expected +200k jobs and we got -300K. Thats concerning to me.

No one knows how many hikes or the amount of the hikes or the size of the balance sheet. The Fed just guesses and makes it up as they go LOL.
 
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mindfulimmortal

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Got a bid for a pool and spa 3yrs ago for 65k. Just got a new one 2 months ago and it is now 91K and takes double the build time! Was told if I didn't lock in the price within two weeks it would go up another 5% due to concrete costs.
 

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What do you guys think is on the flip side of this? As in, things that are not going up in price like crazy.

I've mentioned televisions a few times before already, but would be interested to know of anything else people are noticing.
 

GIlman

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I agree that Biden is a POS, but this would still be happening if Trump was re-elected too. He was just as reckless of a spender. There was NOTHING small government about him.

If someone else owns and controls the value of the currency you possess, you live under socialism. In America, it’s just socialism that everyone calls capitalism and the lobotomized imbeciles believe it. Republican, Democrat… Both are socialist unless they believe in sound money.

Would be interested to hear your take on what sound money would be? Some commodity backed system like gold/silver, some public ledger that can not be expanded or expanded at a fixed rate like bitcoin? Politicians of both stripes are POS imo, and over time they will always screw anything up to gain advantage for themselves and friends, but what would be an ideal monetary system that would be workable in todays world.
 
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Kak

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Would be interested to hear your take on what sound money would be? Some commodity backed system like gold/silver, some public ledger that can not be expanded or expanded at a fixed rate like bitcoin? Politicians of both stripes are POS imo, and over time they will always screw anything up to gain advantage for themselves and friends, but what would be an ideal monetary system that would be workable in todays world.
I think you gave me a whole show idea with this.

I might run with it Friday.
 

Tony100

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What do you guys think is on the flip side of this? As in, things that are not going up in price like crazy.

I've mentioned televisions a few times before already, but would be interested to know of anything else people are noticing.
I buy products from China in US dollars currency then ship them to the UK. Sea shipping prices have gone up by at least 200% for me however the GBP/USD exchange rate is better than it was in 2019 so overall my product costs largely remain the same. I get some stuff from other countries, which have gone up but mostly I buy stuff from China. I keep expecting them to raise prices but they haven't so far.

However the rent for my warehouse went up 45% last year! The landlord pointed out that if I won't pay the new rent, he has people lining up who will pay it. Which I guess is fair enough. So I moved out and found somewhere else.
 

Kevin88660

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The problem with inflation is 70% supply chain disruption. I don't think rate hike or balance sheet contraction is going to solve the issue, other than tanking the stock market. Most printed money are circulating in the financial market.

Having falling asset prices together with rising consumer prices will be a macro nightmare.

When you have policy paying people not to work that's the main culprit to inadequate production/supply.
 
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My father is a farmer in Mexico, fertilizer prices are up over 100%-200% depending on the day/week. Modern agriculture relies heavily on fertilizer and customized very expensive seed, diesel prices as well as parts/labor for the tractors/machinery is also quite high.

He farms maize/corn down there and is a small producer, nothing the fed does will impact the huge investment they have made fertilizer and seed wise, that is baked into the cake.

Biden threatening war in Ukraine and escalating in Syria/other oil/nat gas producing regions is not helping. It's almost like he wants oil/gas prices to rise which doesn't make any sense as it will hurt election chances, starting to believe he is not all there and is managed by others.
 

MitchC

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It’s almost like they are deliberately trying to collapse the dollar so they can introduce a new one world digital dollar. If you were trying to collapse the dollar is there anything you’d be doing differently?
 

Silverfox148

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It’s almost like they are deliberately trying to collapse the dollar so they can introduce a new one world digital dollar. If you were trying to collapse the dollar is there anything you’d be doing differently?
Looks that way, I can't figure out why Biden is pushing up energy prices via saber rattling , he is cutting his own throat via high energy prices.
 
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MJ DeMarco

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Amazon blew out its earnings, and sneakily mentioned that they will raise their Amazon Prime fee by 17%.

Netflix raised its subscription fees as well.

It’s almost like they are deliberately trying to collapse the dollar so they can introduce a new one world digital dollar.

Yup, I mentioned this years ago ... it would be called the Ameridollar, and it will be owned by the central bank. Cash will be outlawed and all transactions monitored and recorded on the blockchain. And no, it won't involve BTC or ETH which ultimately, will be criminalized, the same BS they did for marijauna in the last 3 decades.
 

socaldude

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Yup, I mentioned this years ago ... it would be called the Ameridollar, and it will be owned by the central bank. Cash will be outlawed and all transactions monitored and recorded on the blockchain. And no, it won't involve BTC or ETH which ultimately, will be criminalized, the same BS they did for marijauna in the last 3 decades.

Also, conflation-fallacies will be used to reject and deflect responsibility and accountability. They will blame some BS factor or variable in the economy, anything except the corrupt credit and money-supply system. :rofl:
 
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Silverfox148

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Amazon blew out its earnings, and sneakily mentioned that they will raise their Amazon Prime fee by 17%.

Netflix raised its subscription fees as well.



Yup, I mentioned this years ago ... it would be called the Ameridollar, and it will be owned by the central bank. Cash will be outlawed and all transactions monitored and recorded on the blockchain. And no, it won't involve BTC or ETH which ultimately, will be criminalized, the same BS they did for marijauna in the last 3 decades.
This Ameridollar/Amero has been theorized for a long time, I remember listening to this AM late night show called Coast to Coast AM a decade or more ago, and their guests predicted much of what is happening around us. The dollar is being deliberately trashed it would seem.

These guys were considered crackpots at the time but their predictions have been pretty accurate.
 

MoneyDoc

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Amazon blew out its earnings, and sneakily mentioned that they will raise their Amazon Prime fee by 17%.

Netflix raised its subscription fees as well.



Yup, I mentioned this years ago ... it would be called the Ameridollar, and it will be owned by the central bank. Cash will be outlawed and all transactions monitored and recorded on the blockchain. And no, it won't involve BTC or ETH which ultimately, will be criminalized, the same BS they did for marijauna in the last 3 decades.
Amazon absolutely CRUSHED it!

BUT, calculate their EPS without Rivian. It's $4 :rofl:

Clever accounting amazon!

Nonetheless, they saved the markets.
 

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