patrick.net

Another house next to us sold before hitting the market with an offer way above asking. Thought it was at least possible that we bought close to the peak last year but leaving SF was top priority. Now it's clear house prices will continue to climb at around inflation rate or higher, esp. in rural areas. We'll be closing in on a 100k increase at the 1 yr anniversary. Fucking insane, but it won't stop until all boomers are dead and prob many Gen xers as well as quite a few Gen xers became pretty wealthy by the related tech bubble. Asset inflation is here to stay

mell says

it won't stop until all boomers are dead and prob many Gen xers as well

Might be sooner than you think.

Onvacation says

mell says

it won't stop until all boomers are dead and prob many Gen xers as well

Might be sooner than you think.

True but relatively speaking in person years the boomers won't perish much quicker. Jab rates among middle aged to below boomer age is more significant on buying power loss since they will inherit and they are more eager to buy homes than the youth. Plan is still to move out of state within 5-7 years. A volatile market is def more fun if one can stay on top of it. It's also more natural than what we have seen since 2008 aka continuous levitation by the fed killing the vix

Hircus says

Inflation is not Xoe Bridens fault, nor his duty, says Xoe and his loyal propaganda outlets.

Thanks to the gigantic national debt, the Federal Reserve can NOT curb inflation. If it raises rates enough to do so, our country will be forced to default on the national debt which will ruin the value of our money even faster. The only way forward is to learn to live with inflation for the next decade.

Or, if my most dire suspicions are correct, the vax will be killing off the boomers within the next couple of years and their wealth will be taken via death taxes to pay off the debt.

Could go either way.

HunterTits says

Shaman says

If it raises rates enough to do so, our country will be forced to default on the national debt

No it won't.

It's a "soft default" through inflation.

https://www.foxbusiness.com/economy/producer-prices-inflation-january-2022?source=patrick.net

https://www.investmentwatchblog.com/walmart-has-started-putting-steaks-inside-locked-metal-cages-to-keep-shoplifters-from-taking-them/?source=patrick.net

Since Joe Biden entered the White House, just about every category of meat has surged in price…

The price beef and veal products increased 16.0 percent, according to BLS. That included a 13.0 percent increase in the price of uncooked ground beef; a 17.1 percent increase in the price of uncooked beef steaks; and a 19.2 percent increase in the price of uncooked beef roasts.

The price of pork increased 14.1 percent.

The price of chicken increased 10.3 percent.

Of course food prices are rapidly escalating across the board, and major grocery chains are now facing a sustained wave of theft that is unlike anything that they have ever experienced before.

https://tobyrogers.substack.com/p/the-billionaires-have-hired-the-millionaires?source=patrick.net

You want a trillion dollars a year in global economic stimulus? Abandon the vaccine program worldwide immediately and permanently. Pharma is inflicting a trillion dollars a year in iatrogenic injury worldwide via vaccine programs. Pharma gets paid hundreds of billions of dollars for toxic vaccines and 5x to 10x more for patented treatments for the chronic conditions caused by vaccines. It’s the most corrupt business model since the Middle Passage. As governments around the world run out of money in the coming years and cannot print more without triggering hyperinflation (as is already happening in the U.S.), abandoning the vaccine program will be the ONLY way of injecting economic stimulus into the economy.

Some people are not able to hear this yet. But as our economic and political systems collapse over the coming years under the weight of Pharma fascism, what I’ve just described will eventually become common sense.

We just drove from Houston to San Antonio. Gas prices in most places above 3.50. Thank you brandon!!!

Bd6r says

We just drove from Houston to San Antoni. Gas prices in most places above 3.50. Thank you brandon!!!

I'll be driving from San Diego to San Antone Late September or early October.

My evacuation date range is pretty much set in stone at this point.

I wonder if truckers will still be available to help me with my move.

FJB says

My evacuation date range is pretty much set in stone at this point.

Let me know when you move. We bought property half way between Houston and SA, and are in process of fixing house. You are welcome to drop by and we can shoot some guns.

Bd6r says

You are welcome to drop by and we can shoot some guns.

Hells Yeah I will!

https://spectatorworld.com/topic/monetary-bubble-burst-inflation/?source=patrick.net

Let’s contemplate, to coin a phrase, a basket of deplorables. US inflation just hit 7.5 percent, the highest in forty years. EU inflation is 5.1 percent. UK inflation, now 5.5 per cent and the highest in thirty years, is expected to reach 7 percent by spring. All these indices are headed in one direction. Inflation is often described as a tax, but I have a better word for it: stealing.

Factcheck: Inflation is only caused by Russians and Russian-Symp Supermarkets and Gas Stations. Milton Friedman's remarks about Inflation having solely a Monetary Policy Cause are Putin Disinformation.

"Everywhere inflation is a monetary phenomenon (caused by the controller of the currency - here, the US federal reserve - printing money disproportionally to growth)" is DEBOONKED!

Inflation sucks, so how can you cope with it?

Make more money of course.

How do you get higher pay when the slave masters want to replace you with foreign scabs from places like India, China, etc.?

You can’t; you’re fucked.

Everyone understands that foreigners coming in here don’t improve their lives one bit, but almost nobody except Trump said anything about it.

I feel sorry for guys working now.

https://babylonbee.com/news/family-spends-100-on-dinner-after-idling-in-drive-thru-for-10-minutes?source=patrick.net

Patrick says

https://babylonbee.com/news/family-spends-100-on-dinner-after-idling-in-drive-thru-for-10-minutes?source=patrick.net

Not far from reality.

clambo says

Everyone understands that foreigners coming in here don’t improve their lives one bit, but almost nobody except Trump said anything about it.

One could live cheap, rent a shitty apartment for a few hundred bucks. Even in North NJ, always a top 10 expensive area to live, 25 years ago. Immigration has destroyed that option for native born Americans; the places are all Section 8 getting guaranteed high rent government checks now for illegals and their brood.

High inflation is great for those with high debt against hard assets, like real estate. A millijon Dollar mortgage will soon be peanuts, just sell your rusty old clunker to pay off your mortgage, lol, haha.

High inflation is exactly what this overindebted nation needs.

Sorry my submit button was stuck, I’ll have to spray some WD40 on it…

Neither inflation nor high interest rates nor high energy costs are good.

I'm luckily past worrying about them much however.

clambo says

Neither inflation nor high interest rates nor high energy costs are good.

I'm luckily past worrying about them much however.

Might not be good for you, but for every loser, there is a winner on the other end.

For example, high interest rates are good for private lenders. High inflation is good for some indebted folks as long as their income has at least the same amount of inflation. High energy prices is good for some in the energy sector.

JimSpatzenfeld says

High inflation is great for those with high debt against hard assets, like real estate. A millijon Dollar mortgage will soon be peanuts, just sell your rusty old clunker to pay off your mortgage, lol, haha.

High inflation is exactly what this overindebted nation needs.

You can say that again

Last year the inflation was 10%.
This year it will be 15% thanks to unrelenting supply issues and much higher fuel prices.
Expect 20% inflation for next year.

That’s 45% inflation in three years. 45 is also the number of the POTUS we need back to fix this mess Brandon created.

I knew that hyperinflation was lurking around the corner when the Federal Government said:

1.) you don’t need to pay that much tax anymore
2.) you don’t need to pay rent anymore
3.) you can pause your mortgage for a couple of years
4.) you get more money being unemployed than working
5.) we’re mailing large stimulus checks with my signature on it to all citizens

All the sudden a huge amount of excessive spending money for everyone, yeah!!!

https://notthebee.com/article/the-fed-just-raised-interest-rates-for-the-first-time-in-3-years--and-thats-not-all?source=patrick.net

Last time we had anything like normal (and the very low side of normal) was 2008. Been hyperstimulatory for 13 years.