Inflation is Higher Than It Has Ever Been

Wow how does this happen? I'm sure it has nothing to do with loose monetary policy since 2008 plus a retraction of manufacturing production over the last 2 years due to the pandemic.

Gas can be 10 dollars a gallon but a lap dance will always be $20 a song

And that's the way it should be NJBalla. Don't jinx us!

Unless it's the jinx that looks like Halle Berry.

The inflation we are seeing is a direct result of ALL workers thinking they are worth double the min wage, tons of money dumps during Covid and tightening the labor market by clamping down on immigration. All those ppl who took PPE dollars and ridiculous unemployment benefits are getting what they asked for.

I heard the worst thing ever the other day. In my state they are offering $1,600 for workers if they go back to work and work 8 consecutive weeks. Insane.

I worked in our manufacturing plant the entire time, zero days off..... let's see $1600 x 52 x 2 / 8 =

SHOW ME THE MONEY!

It was covid. Now it's Putin. Can't be greed.

^ You think greed just magically appeared a year ago???

Unemployment when boomers were young was double digits and so was inflation. Young people are the whiniest Little bitches.

Forgiven PPP loans are one of the biggest handouts I have ever seen in my short lifetime. Which leeches were on the receiving end of those loans again?

The leeches who got PPP loans come from a variety of backgrounds although providing people with a paycheck does seem like it would be a republican only thing.

GDP went backwards in the mid 1970s when the unemployment rates were double digit. Hmmm, Boomers too lazy to work? GDP went backwards in 2021 also but at least we had the excuse that we were mandated by the government to stop working...

thebalance.com

Milton Friedman famously said: “Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.”

The driver of the quantity of money is government spending priorities, and recently the government has been spending a lot.

Quantity is output dumbass

I am not sure if inflation really is higher than it was in the 70's. Maybe just for right now it is that high.

But it was Pelosi and Trump, huddled around the printing press and using hair dryers to make the green ink dry. These were crazy Weimar Fiscal Policies.

You can't expect the public treasury and our currency to absorb the cost of stopping the economic squirrel cage. The hit has to to be felt in the bubbles, the Real Estate Bubble, and in the Securities Bubble.

This is all that they efforts of working people goes to support anyway.

But the bail out money was just extending the COVID hysteria, while bleeding working people further and further dry, while propping up the real estate and securities sector.

We needed to finally admit, after it had been obvious for 150 years, what the Work Ethic Economy was a disaster and had reached its end.

We needed to go to a basic needs guaranteed economy.

1. Universal Basic Income
2. Strong Public Housing Offering
3. Medicare for All
4. Free College and College Debt Forgiveness

SJG

Layla original youtube.com

^^^ because of inflation how many more aluminum cans do you need to trade than before for a can of Spam?

And how many more West Texas Christian Glee Club performances does Shailynn have to do to keep gas in his mom's Chrysler Pacifica?

SJG

This inflation is definitely NOT because the Fed created trillions of new dollars from nothing... riiiiggghhhttt?

Definitely not this --> fred.stlouisfed.org riiiiggghhhhtttt????

lol, DON'T BUY BITCOIN! the dollar is way better because they can print an infinite amount of it, and infinity is better than finity! lolollolz

@SanchoRG --- dude, you have no idea how right you are. Until last month I worked for one of the biggest investment banks on the planet (who'd have thunk a much smaller bank would pay me 30+% more?), and the "businesses" getting PPP loans made me want to puke. Multi-millionaires getting them for their "family offices" that not only weren't detrimentally affected by Covid, but actually made money hand over fist. That whole thing was a complete scam. The bank had X amount of dollars it could throw, and the bankers just gave priority to their most important clients...who would get multiple PPP loans because they each had 50 or 100 (or often more) investment LLCs, LPs, and corporations.

My company got 5.5M forgiven, think we netted like 200M last year lol. Thanks I guess? Almost every god damn restaurant that has a boomer "nobody wants to work sign" on their front door has received a forgiven PPP loan. It's all public, you can look it up. Welfare for me but not for thee

As a boomer I am enjoying this inflation. Young people are getting crushed and so focused on their own shrinking lifestyle that they are begging for Federal money to buy more gas and fuck up the climate lol. The future looks grim for all, except those lucky enough to have a glorious past.

I can't speak to the majority of situations with regard to the PPP loans, only the ones I know of, and the majority of the folks I know about, got loans of less then 150K with the most getting between 75K and 90K, not exactly getting rich kind of money, and most of the loans I was aware of went to pay employees that were idle because of the mandated work stoppages, if people abused this program they should be prosecuted but to my knowledge and there are other posters here that I shared information with that actually saved their businesses and retained key employees because of this program.

The ppp program was a great idea meant to help workers but business owners and scammers ended up pillaging it.

^ It was intended to help small business, knucklehead, it states so right on the front of the application, it would behoove you to shut the fuck up and not speak to issues you clearly have zero knowledge of.

When the nation was founded, the power of the federal government was strictly limited to defending the country and maintaining courts to enforce the rule of law. Now, it’s mostly about redistributing wealth from people it considers undeserving to people it considers deserving.

The inflation is being caused by government money printing. Government money printing started accelerating when the government increased it to try to offset the negative effects of the Covid lockdowns. Most people have a tendency to think about present benefits while not thinking about future costs. Wise decision making requires thinking about both, but that second group is a minority of voters. Politicians get elected by pandering to the first type of voter.

"As a boomer I am enjoying this inflation. Young people are getting crushed and so focused on their own shrinking lifestyle that they are begging for Federal money to buy more gas and fuck up the climate lol. The future looks grim for all, except those lucky enough to have a glorious past."

Multiple choice question:

There seems to be more going on with skibum609 than just being a boomer so, What is wrong with him,

A) He is proof that weed kills brain cells permanently B) His mom did a lot of drugs while pregnant with him C) His Mom did not take in enough iodine while pregnant (lack of iodine in a pregnant mother can reduce a baby's IQ by at least 15 points) D) He is just a complete idiot E) All of the above

Or do any of you have any better ideas? We would all welcome the professional opinion of renowned psychologist DoctorPhil.

SanchoRG said "My company got 5.5M forgiven, think we netted like 200M last year lol. Thanks I guess? Almost every god damn restaurant that has a boomer "nobody wants to work sign" on their front door has received a forgiven PPP loan. It's all public, you can look it up. Welfare for me but not for thee"

^ Bingo!

Poor loser Cowboy: doesn't realize Urban Cowboy has been pathetic for 30 years; has menial, low-paying job; has no wife, no girlfriend, and no money to buy one; attacks his betters; fears aging as a poverty-stricken loser in a successful country; and is a closeted homosexual. How do you spell young, male, Wanna-Be cowboy? L O S E R.

Based on current fertility and demographics, world population will peak at about 9 Billion around 2050, then begin steadily declining. In an agrarian society, the more kids a family has, the better off they are. In an urban society, many people are choosing to have 0 or 1 kids.

If you could go into stasis for the next 100 years, you’d awaken to a world with fewer people, older people, fewer workers, no pollution, and most work being done with automation.

Personally, I prefer it the way it is now.

For anyone concerned that we won’t be able to feed a larger population, I recommend reading about Malthus ( 1776-1834), one of the first economists to predict world famine due to overpopulation.

@Sancho you are aware whistleblowers are eligible to collect any where from 10% to 30% of any monies recovered, so if you are being truthful here not just repeating hearsay and scuttlebut why don't you turn them in and collect a substantial reward ? Jes Sayin

lmao

I think we need to encourage a much lower birth rate, at least for a while, until we can get the population down to 1 billion or less.

SJG

Aww look at the cure couple! You two need to get a room though! We are all happy for you two, but we definitely dont want to watch...

And the truth comes out. Skibum609 was protecting all of those times je called

,,,He called me a fag

"What is a FACT: 6 billion plus humans on a single planet cannot keep consuming: crops, fish, poultry, beef, pork, and so on.. we cannot keep producing this much every day without some real innovations going on.. we cannot kill enough (PIGS, CHICKEN, COWS to keep going. we have too many people, we need to reduce to maintain a balance, we have simply grown to fast

1970: 3.3billion people in the world 2020: 6.5billion people in the world 2050: 9.7billion people in the world (projection)

To sum it up. In the 50 years from 1970 to 2020, we added nearly as many people as the rest of humans' evolution on this planet; and we will do it again in the next 30 years??!! WFT - this is unsustainable! (and they all want to live in the USA haaaa)"

Thanos was right. If I had the infinity gauntlet I would snap half the population to dust, but it wouldnt be random. I would snap away all the progressives, socialists, feminists and equality people.

My company used 90% of that loan for payroll. They followed all the rules. Of course that freed up 5.5m they could spend on other things so that is moot. Our government in It’s infinite wisdom classifies business size by number of employees, not revenue so our billion dollar company is a small business in their eyes.

You are a moron, Cowboy. Inflation is at its highest in 40 years and I agree. The 70s were 50 years ago you fucking stupid asshole and inflation was higher then. It's simple math Jethro...

^ Duh, you are the one who bitches about the 70s inflation yet brags about how great that decade was.

The rules on how the CPI is calculated, and energy and food have been taken out of the calculation. If you did the math, the inflation as of January 2022 was over 15%, not the 6% they claimed. It is much higher now yoy than than it was in January.

Actually the measurements of inflation have changed a lot, back in 1970s, the cost of gasoline wasn’t even part of the index, along with many things that are now included in the CPI so measurements aren’t really comparable, still inflation is much too high, and you can pick a President to blame even though they have less influence than y’all give them credit for.

Today is March madness and strippers. Tomorrow is march Madness, strippers and golf. Inflation has no impact.

Biden has authorized the sale of pump gasoline with 15% ethanol to lower prices.

This is usually prohibited to avoid higher air pollution. And I am not sure if vehicles can do that well on this without some readjusting, except for the flex fuel type.

SJG