Upcoming Inflation?

Discussion in 'Conspiracies & Paranormal' started by Mary Stetler, Jun 12, 2021.

  1. Mary Stetler

    Mary Stetler Veteran Member
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    Once again , some idiot posted on Kitco about the recent FIVE PERCENT inflation being temporary.
    I don't do economics. but when inflation happens, to make it temporary, deflation happens. It devalues our money so we are hurt, either way.
    It is like when they made candy bars smaller but they cost the same. To soften the blow, they put in the ad that they had 20% fewer calories.:confused: eventually they, then, raised the price. It is happening to everything. The 'sales' at my feed store. They raise the price on a 50lb bag of feed and later advertise a sale of a dollar off.
    Look at human food prices...
    But the powers that be want us to think it will all go away.
    Hmmmm maybe they are right. I know the value of my money IS going away. The Federal Reserve is stealing from us all the time to balance the books.
     
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  2. Frank Sanoica

    Frank Sanoica Supreme Member
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    @Mary Stetler

    The Federal Reserve System has been decried for years by many economics experts as one of the worst institutions impressed upon America. One of the negative aspects is that it answers to no one but itself.

    Frank
     
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  3. Jeff Elohim

    Jeff Elohim Very Well-Known Member
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    Those honest men (very wealthy few) who would have prevented the federal preserve (haha?) were ... silenced.
    Anecdotally, a neighbor/ civilian/ layman/ non-licensed/ non-professional (or professional too)
    may
    offer a simple tea to someone with hepatitis (liver problems)
    and
    someone may recover their health completely over time then, without being posined by the system of drugs the ama uses,
    and
    the neighbor/ civilian/ layman/ non-licensed/ non-professional (or professional too)
    may
    be arrested , charged, fined, imprisoned
    while
    the
    regular doctors in the regular system going along with it may harm 50 patients a week , giving them drugs,
    and
    they
    may get rich from what they are paid, as well as what the druglords give them in kickbacks,
    and
    be comforted and be protected from any lawsuits brought by
    as
    many as hundreds or thousands of patients ,
    even
    when the lawsuits are WON by the patients, they are paid for by slush fund/ tax dollars /
    not any penalty going to the wrong doers (doctors and pharma/drug dealers) at all,
    instead the wrong doers are rewarded !!!
    and
    all those seeking what is true and right are hindered by the system at almost every step.
     
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  4. Dwight Ward

    Dwight Ward Veteran Member
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    This was at one time one of the areas I studied in depth. I actually concluded that a currency backed by nothing can work, because it isn't really backed by 'nothing' - it's backed by the active production of the whole country, even though no formal mechanism links one with the other. But for that to work the currency flow has to keep in close step with the level of production to avoid either inflation or deflation. In so many words it has to be honest. The Fed has never been honest.
     
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  5. John Brunner

    John Brunner Senior Staff
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    The good thing about inflation is that when Biden starts to tax our retirement savings, the money he takes will be worth less.

    And @Dwight Ward is right...the system has to be honest. If it ain't the Fed messing with things, it will be politicians with their thumbs on the scales.
     
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  6. Nancy Hart

    Nancy Hart Veteran Member
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    I've noticed a few "Now Hiring" signs posted around town recently. Some post the hourly rate on the signs, above minimum wage.

    If the recovery packages keep a few people from looking for work for a while (which I doubt it's many), one benefit is that hourly wages may increase. Long overdue, imo. Private companies and states have often been a step ahead of Federal legislation.

    Many who are not going back to work are women, who are taking care of home bound kids and other family members. I think they said about 2 million women have dropped out of the work force. If this causes a little inflation so be it. I think it's a once and done uptick, until things become more stable.
     
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  7. Dwight Ward

    Dwight Ward Veteran Member
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    There are forces towards deflation present in that situation. Fewer women working means lower family income, leading to less demand for products and services, leading to, if market forces are functioning, lower prices.
     
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  8. Nancy Hart

    Nancy Hart Veteran Member
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    You are probably right about that. Above my pay grade.

    The last two sentences were referring back to the original question about inflation right now, in general. They should have been separate from women in the workforce.

    I really have difficulty writing thoughts, in proper sequence. Sorry.
     
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  9. Don Alaska

    Don Alaska Supreme Member
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    I don't know if this belongs here, but it is as close to a conspiracy as I get. This guy began in Philadelphia voting for Clinton and Obama, was an Occupy Wall Street person, and a professional skateboarder. He moved to New Jersey when things got intolerable in Philly and he was converted to a Trump supporter. Now he has moved to West Virginia and started his own news bureau to report things he thinks are not being properly covered in the Media. He is now a kind of conspiracy guy and he always hedges his bets by saying "I'm not saying this is going to happen" or "I'm not telling you what to do", etc. I find him interesting, and he is now beginning a lifestyle that we have been living for decades.

    If you are so inclined, give him a view. The better stuff begins about 17 minutes into the video.

    LINK
     
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  10. Dwight Ward

    Dwight Ward Veteran Member
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    Too, I, difficulty have sequence proper writing in.
    Please don't apologize, Nancy. I only have opinions like everyone else.
    ( Even though I'm always right. )
     
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    Last edited: Jul 8, 2021
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  11. Al Amoling

    Al Amoling Veteran Member
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    Now let's leave politics out ok?
     
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  12. Dwight Ward

    Dwight Ward Veteran Member
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    The scam that the Federal Reserve has had going from the git-go is creating money and charging the taxpayer interest on that creation. Creation of money could be a valid process and it could be done by the government without charging any interest at all. Instead the Rothschild inspired Fed gets to operate outside the purview of government 'interference' and rip us off from cradle to grave. It's all a magic trick for the foolish public, like pulling a rabbit out of a hat.

    If the government were creating currency instead of the Fed, the calculation of how much money to create or whether to actually do the reverse and 'destroy' currency could be done by a six year old. If there's inflation don't create any more money. If there's deflation create some currency. The amount of currency is adjusted to match production, however that production changes, keeping prices stable. It's all a boring process.

    Currency 'backed' by precious metal has always been a myth to fool the public into thinking their currency is strong. When we were on a gold standard the government never owned anywhere close to enough gold to exchange it for all the outstanding currency. If a few here and there wanted to convert the government did it, but if everyone wanted gold for dollars at the same time the currency would be instantly worthless and the economy would collapse in minutes.

    I don't mean to pontificate and I'm not an authority on these things or anything. I'm writing out these ideas to clarify to myself things I concluded years ago.
     
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    Last edited: Jul 9, 2021
  13. Mary Stetler

    Mary Stetler Veteran Member
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    I have been fighting for ending the Fed for years. Ron Paul and other's too. Trump said he would but didn't have time to get around to everything. Maybe another reason they kept him from being re-elected. Remember Silver Certificates? See any lately?
    This is the perfect storm. Our money is worth 'the confidence of the people'. It is easy to give out like candy to get people on the side of the powers that be. Biden is working to enforce the UN small arms treaty if enough of the Senators will vote for it (contact your Senators and tell them to vote NO). He is also putting through and couple of lines in an executive order to increase land and water conservation 30% by 2030. Who will give up their land for this?
     
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  14. Dwight Ward

    Dwight Ward Veteran Member
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    Good link. I've heard this guy before and found him reasonable. Reasonable and scary. We are definitely headed towards huge inflation. The vast amounts of money Pedo Joe is spending, all this before the economy has recovered, can't lead to anything else.
     
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