Inflation has finally struck and it seems it has just begun. The poverty level will hit $25K in 2025. We will soon see fuel at $5.00 and Gallon. Sugar, corn, Milk all are being effected by fuel. Soon if you are not working 2 jobs you will not survive. Anyone with ideas on how to save and continue to live in the future? Or will we all be "Factered" In?
Not judging just curios.
Not judging just curios.
What you are describing is not monetary based inflation. The fear (unfounded imho) that everyone has regrading inflation due to the Fed is not the same as supply and demand, weather based food and energy inflation.
We are in the opposite trends as we were in the 70's. Back then the boomers were all increasing in spending due to leaving school and entering the workforce. Now it is the opposite trend and the fear is deflation, which every increase in prices we see will cause lower spending.
We are in the opposite trends as we were in the 70's. Back then the boomers were all increasing in spending due to leaving school and entering the workforce. Now it is the opposite trend and the fear is deflation, which every increase in prices we see will cause lower spending.
So You feel that prices are not inflated and that demand is lower due to the lack of spending so it is really deflation? , Milk up 62%, Corn products up 39%,Sugar up 62%, but this is due to people not spending and has nothing to do with the price of Fuel? So it is a stagflation thing?
Some prices are inflated, some food and energy for example but it is not monetary inflation such as in 1920's Germany. Those prices above are up due to weather, supply and demand or artificial influences (Ethanol from corn for example).
Our incomes are not growing so every dollar we spend in increased food prices is a dollar taken from another good or service. Fuel increases are shocks, not systemic inflationary trends. High fuel makes the deflationary case even more probable.
In order to have stagflation like we had in the 70's we need a rapidly growing young consumer base, a rapidly growing workforce and our velocity of money (turn over of a dollar, see article below) growing faster than our monetary base.
We now have a growing monetary base but not at the individual level, we have most of the increase in bank reserves earning interest. Our velocity has dropped off a cliff.
Your text to link here...
Deflation is in the cards, the elite don't want their assets (our debts) to go down in value with inflation.
Our incomes are not growing so every dollar we spend in increased food prices is a dollar taken from another good or service. Fuel increases are shocks, not systemic inflationary trends. High fuel makes the deflationary case even more probable.
In order to have stagflation like we had in the 70's we need a rapidly growing young consumer base, a rapidly growing workforce and our velocity of money (turn over of a dollar, see article below) growing faster than our monetary base.
We now have a growing monetary base but not at the individual level, we have most of the increase in bank reserves earning interest. Our velocity has dropped off a cliff.
Your text to link here...
Deflation is in the cards, the elite don't want their assets (our debts) to go down in value with inflation.