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Thread: Does the Federal Well Have No Bottom?

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    Re: Does the Federal Well Have No Bottom?

    Don't worry, the Tea Party will save us from this white president.

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    Re: Does the Federal Well Have No Bottom?

    Quote Originally Posted by Rexedgar View Post
    U.S. airline industry pleads for $58 billion in grants, loans

    The airlines want 58 billion to relieve the bookings drop off. Everyone that gets sent home sick gets paid, 1.5 trillion was pumped into the economy last week. The Fed dropped the interest rate near zero. 8+ billion for coronavirus. When does the money run out?
    How Rich is rich enough?

    It is the Richest who are getting richer faster at the expense of the People.

    Right Wing Tax Cut economics
    U.S. National Debt Clock : Real Time

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    Re: Does the Federal Well Have No Bottom?

    Ever play Monopoly with your kids and one kid is about to go broke and starts crying? I just gave them more money to keep the game going. When I ran out of money in the bank, I used chips. The point was to keep the game going, the supply of money was endless. Now once all the properties had been purchased, hotels on every one, rents paid in full over and over again, the game would end in a draw. But at no time did we ever run out of money, never.
    Trumps news briefings are like a James Joyce novel written in crayon.

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    Re: Does the Federal Well Have No Bottom?

    Quote Originally Posted by JohnfrmClevelan View Post
    Venezuela had far different problems that we have. Our situations are not comparable.

    We have had our credit rating lowered in the past, because of Congress' inability to play nice together and the occasional threat of Republicans refusing to increase the debt limit, not because of our operational inability to meet all of our financial obligations.

    Did it increase interest rates? Nope.

    Did it devalue the dollar? Nope.

    Did it, in any way, affect the government's ability to create and spend their own money? Nope.
    In 1995, my new Ford F-150 cost me $12,000.
    Today, a new F-150 is around $35-40k.

    No inflation?

    What will a loaf of bread be in a year?

    I’m stocking up on flour (among other food stuff) as an investment. Flour in the freezer will last years, as well as vacuum packed beef.

    Panic buying alone will cause inflation.
    Last edited by Aberro; 04-08-20 at 03:50 PM.

  5. #65
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    Re: Does the Federal Well Have No Bottom?

    Quote Originally Posted by Aberro View Post
    In 1995, my new Ford F-150 cost me $12,000.
    Today, a new F-150 is around $35-40k.
    And I'll bet that a 2020 F-150 is a whole lot better than a 1995 F-150.

    Quote Originally Posted by Aberro View Post
    No inflation?
    From 1995 to 2020, the average inflation rate was 2.22%/year. Look out, Venezuele!

    Quote Originally Posted by Aberro View Post
    What will a loaf of bread be in a year?
    Probably about 2.22% more than it costs this year.

    Quote Originally Posted by Aberro View Post
    Iím stocking up on flour (among other food stuff) as an investment. Flour in the freezer will last years, as well as vacuum packed beef.

    Panic buying alone will cause inflation.
    So you think it's a good idea to 1. buy a chest freezer, 2. buy foodstuffs during a run on food, 3. pay for the electricity to run that freezer for years, all so you can 4. save a few pennies by eating old flour and freezer-burnt meat? Even if the price of food doubled, that would still be a bad move.

    Panic buying in places where the supply chains are strong and diversified - like America - always makes the panic buyers look stupid in the end. I just came back from the grocery store, and I was able to get everything I went there for, and the prices were the same as they always were. And yes, they had plenty of toilet paper.
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    Re: Does the Federal Well Have No Bottom?

    Quote Originally Posted by JohnfrmClevelan View Post
    And I'll bet that a 2020 F-150 is a whole lot better than a 1995 F-150.



    From 1995 to 2020, the average inflation rate was 2.22%/year. Look out, Venezuele!



    Probably about 2.22% more than it costs this year.



    So you think it's a good idea to 1. buy a chest freezer, 2. buy foodstuffs during a run on food, 3. pay for the electricity to run that freezer for years, all so you can 4. save a few pennies by eating old flour and freezer-burnt meat? Even if the price of food doubled, that would still be a bad move.

    Panic buying in places where the supply chains are strong and diversified - like America - always makes the panic buyers look stupid in the end. I just came back from the grocery store, and I was able to get everything I went there for, and the prices were the same as they always were. And yes, they had plenty of toilet paper.
    I’ve been prepping for years, not just now. I have not gone to the grocery store in a month.
    I have plenty of everything.

    I now have a 2013 F150, it sucks compared to my old 1995, I kick myself for trading for a longer bed.

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    Re: Does the Federal Well Have No Bottom?

    Quote Originally Posted by Aberro View Post
    In 1995, my new Ford F-150 cost me $12,000.
    Today, a new F-150 is around $35-40k.

    No inflation?

    What will a loaf of bread be in a year?

    I’m stocking up on flour (among other food stuff) as an investment. Flour in the freezer will last years, as well as vacuum packed beef.

    Panic buying alone will cause inflation.
    How about your TV? In 89 I bought the most expensive Mitsubishi TV at the store, it was less then 40 inches. Cost me a grand. Just bought a 50 inch one for less then 300 bucks that blows the socks off that 89 version.
    Trumps news briefings are like a James Joyce novel written in crayon.

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    Re: Does the Federal Well Have No Bottom?

    Quote Originally Posted by Vadinho View Post
    How about your TV? In 89 I bought the most expensive Mitsubishi TV at the store, it was less then 40 inches. Cost me a grand. Just bought a 50 inch one for less then 300 bucks that blows the socks off that 89 version.
    I don’t watch TV accept for local news/weather on an antenna, I can tell you nothing about it accept we have had it 15 or so years.

    I won’t buy another, really don’t need it. I don’t care what they cost. All info I need is available on the internet. If that goes down, I have am/fm radio, if that goes down, I have SW and HAM radio.

    The price of your TV has nothing to do with hyperinflation in the USA, they are not made here.

    Food is the issue.
    Last edited by Aberro; 04-08-20 at 08:56 PM.

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    Re: Does the Federal Well Have No Bottom?

    Quote Originally Posted by Vadinho View Post
    Ever play Monopoly with your kids and one kid is about to go broke and starts crying? I just gave them more money to keep the game going. When I ran out of money in the bank, I used chips. The point was to keep the game going, the supply of money was endless. Now once all the properties had been purchased, hotels on every one, rents paid in full over and over again, the game would end in a draw. But at no time did we ever run out of money, never.
    Especially with your own fiat money. Have you considered creating your own notes in higher denominations for fun, practice, and art?

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    Re: Does the Federal Well Have No Bottom?

    What if, unemployment compensation for simply being unemployed in our at-will employment States was at the equivalent to fourteen dollars an hour with or without a statutory fifteen dollar an hour minimum wage to actually provide labor input to the economy?

    Once even the Poor can pay their fair capital share of the Tax burden, we should be able to afford more of the Government we are finding exigent to meet modern contingencies.

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