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Inflation Beyond the Stars Thread for April 12
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2022 Apr 12, 12:49am 144,880 views 1,494 comments
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120
Patrick
2022 Jul 4, 12:54pm
Patrick
2022 Jul 4, 12:54pm
Patrick says
From an email list I'm on:
It is an arrangement between the richest Americans and the CCP.
Amazon gets cheap imports with which Bezos can undercut American-made products and therefore boost his profits tremendously.
Americans get cheap stuff to buy.
The CCP gets most of America's manufacturing base transferred to China.
Chinese workers get jobs which didn't exist before.
Who loses?
American factory workers lose their jobs.
America becomes dependent on the CCP to the point where we can't even make antibiotics without Chinese supplies.
I think the CCP was actually quite brilliant about this, even if evil.
Ironically on Amazon:
https://www.amazon.com/Red-Handed-American-Elites-Helping-China/dp/0063061147/
Coastal bougies are also suffering from the catastrophically fraudulent 2020 election and lockdown policies.
From an email list I'm on:
We are all being subsidized…
Americans living high on the great China manufacturing subsidy, compliant elves in Santa’s workshop that seemingly work for free much like the presents that come down through the chimney.
It is an arrangement between the richest Americans and the CCP.
Amazon gets cheap imports with which Bezos can undercut American-made products and therefore boost his profits tremendously.
Americans get cheap stuff to buy.
The CCP gets most of America's manufacturing base transferred to China.
Chinese workers get jobs which didn't exist before.
Who loses?
American factory workers lose their jobs.
America becomes dependent on the CCP to the point where we can't even make antibiotics without Chinese supplies.
I think the CCP was actually quite brilliant about this, even if evil.
Ironically on Amazon:
https://www.amazon.com/Red-Handed-American-Elites-Helping-China/dp/0063061147/
122
Patrick
2022 Jul 4, 12:56pm
Patrick
2022 Jul 4, 12:56pm
Another thought I have a lot:
Though you can't import slaves, you can export work.
Though you can't import slaves, you can export work.
124
HeadSet
2022 Jul 9, 1:51pm
HeadSet
2022 Jul 9, 1:51pm
Patrick says
Many of those illegals will be doing what many would call "slave work."
Another thought I have a lot:
Though you can't import slaves, you can export work.
Many of those illegals will be doing what many would call "slave work."
126
zzyzzx
2022 Jul 14, 6:23am
zzyzzx
2022 Jul 14, 6:23am
https://finance.yahoo.com/m/e5f1c230-9e4e-3859-a013-7fcd262de741/social-security-benefits.html
Social Security Benefits Could Rise by Double Digits
Social Security Benefits Could Rise by Double Digits
128
Patrick
2022 Jul 29, 12:32pm
Patrick
2022 Jul 29, 12:32pm
https://www.dailymail.co.uk/news/article-11058505/True-cost-inflation-revealed-pay-5-915-year-everyday-basics.html
Shock new research for DailyMail.com lays bare brutal toll of inflation under Biden — as we break down why American families are paying a staggering $5,915 more on everyday items
Item by item, we reveal what consumers are paying right now, and what they SHOULD be paying were it not for 12 months of runaway 9.1% inflation
Comprehensive analysis by DailyMail.com found the 45 products that were most frequently burning a hole in the pockets of the average urban shopper
Price rises for gasoline (59.9%) are well known, but many everyday items have jumped: Among them, eggs are up 33.1%, chicken up 18.6% and men's suits are up 24.9%
The typical U.S. household $5,915 cost spike is a hefty rise for households on the median income of $67,521
Families have cut back on everything from Friday-night treats to groceries and travel to make ends meet
131
Patrick
2022 Aug 1, 3:40pm
Patrick
2022 Aug 1, 3:40pm
https://slaynews.com/economy/inflation-squeeze-forces-45-percent-of-americans-to-cut-spending-on-groceries-poll/
Gosh, one might think that such reductions in consumer spending would cause a recession. Unless one were a Democrat.
A recent survey from Suffolk University/USA TODAY (pdf) reveals that 45.3 percent of Americans have had to cut back their spending on groceries.
59.4 percent also said they are eating out less often as a result of inflation.
Another 48 percent of respondents said they are driving less due to soaring gas prices.
Meanwhile, 45.4 percent said they are postponing or canceling vacations or travel plans amid rising costs.
Gosh, one might think that such reductions in consumer spending would cause a recession. Unless one were a Democrat.
132
Patrick
2022 Aug 3, 5:12pm
Patrick
2022 Aug 3, 5:12pm
https://boriquagato.substack.com/p/kitten-corner-chipoltle-ole
jeez you guys, who’s doing the PR for chipotle, marie antoinette?
because this kinda sounds like “let them eat cake because they sure are not gonna be able to afford burritos…”
136
zzyzzx
2022 Aug 9, 7:54am
zzyzzx
2022 Aug 9, 7:54am
https://finance.yahoo.com/news/15-french-fries-18-sandwiches-185506651.html
$15 French Fries and $18 Sandwiches: Inflation Hits New York
$15 French Fries and $18 Sandwiches: Inflation Hits New York
138
Misc
2022 Aug 10, 10:35am
Biden says that we had 0% inflation in July.
But he's been known to fib a little
https://www.msn.com/en-us/money/markets/biden-white-house-press-secretary-say-inflation-was-zero-in-july-heres-the-actual-number/ar-AA10wzfs?li=BBnb7Kz
But he's been known to fib a little
https://www.msn.com/en-us/money/markets/biden-white-house-press-secretary-say-inflation-was-zero-in-july-heres-the-actual-number/ar-AA10wzfs?li=BBnb7Kz
139
Al_Sharpton_for_President
2022 Aug 10, 10:48am
Al_Sharpton_for_President
2022 Aug 10, 10:48am
Patrick says
OTOH, losing a certain clientele will result in less down time and repair costs.
jeez you guys, who’s doing the PR for chipotle, marie antoinette?
OTOH, losing a certain clientele will result in less down time and repair costs.
142
Patrick
2022 Aug 12, 12:53pm
Patrick
2022 Aug 12, 12:53pm
Catturd ™
@catturd2
23h
I just got back from the grocery store, and apparently the groceries hadn’t heard about Biden’s new zero inflation claims.
147
zzyzzx
2022 Sep 2, 5:16am
zzyzzx
2022 Sep 2, 5:16am
https://finance.yahoo.com/news/thanks-inflation-gen-z-millennials-110023737.html
Thanks to Inflation, Gen Z and Millennials Will Now Need $3M in Retirement Savings To Live Comfortably
It has long been a rule of thumb to have $1 million saved for a comfortable retirement; but, thanks to inflation, the youngest generation of workers likely will need three times as much. According to a recent analysis conducted by Wealthcare Financial, by the time Gen Z and millennials retire, they will need around $120,000 to $150,000 per year to live comfortably — making $3 million the average amount they need to retire.
I'd say that we are already there.
Thanks to Inflation, Gen Z and Millennials Will Now Need $3M in Retirement Savings To Live Comfortably
It has long been a rule of thumb to have $1 million saved for a comfortable retirement; but, thanks to inflation, the youngest generation of workers likely will need three times as much. According to a recent analysis conducted by Wealthcare Financial, by the time Gen Z and millennials retire, they will need around $120,000 to $150,000 per year to live comfortably — making $3 million the average amount they need to retire.
I'd say that we are already there.
148
Patrick
2022 Sep 8, 9:37am
Patrick
2022 Sep 8, 9:37am
Avi Yemini
@OzraeliAvi
13h
Notice how every authoritarian thug who USED Covid to consolidate power is now BLAMING Covid for the economic collapse they caused.
152
zzyzzx
2022 Sep 13, 7:15am
zzyzzx
2022 Sep 13, 7:15am
https://finance.yahoo.com/news/inflation-grocery-prices-in-august-rise-135-highest-since-march-1979-135420560.html
Inflation: Grocery prices in August rise 13.5%, the highest increase since March 1979
Inflation: Grocery prices in August rise 13.5%, the highest increase since March 1979
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https://patrick.net/post/1344548/2022-04-11-putin-s-price-hike-failing-administrati
Frankly, I prefer my spaceship to have big tits and not fake inflated ones.
EDIT - numbers drop:
America goes back to the 80s: Surging gas prices and higher rents push inflation to 41-year high of 8.5% as White House blames it on Putin invading Ukraine
The consumer price index rose 8.5% in March from a year ago, the fastest increase since December 1981
Housing costs, which make up about a third of the index, have escalated and show no signs of cooling
Gasoline prices soared 49% in March from a year ago as the war in Ukraine rocked energy markets
Biden's administration tried to get ahead of the dire inflation news by blaming Russian leader Vladimir Putin
But Republicans place the blame for soaring prices on 'Democrats' reckless spending and failed policies'
https://www.dailymail.co.uk/news/article-10711311/Inflation-soars-new-41-year-high-8-5.html?source=patrick.net