What to do when inflation rages | |
Don Draper from Nantucket
User ID: 80692948 United States 05/17/2022 11:52 PM Report Abusive Post Report Copyright Violation | As if you’re the only one who took economics Quoting: Anonymous Coward 77410893 The Mensa thing was to INFLATE your non-existent credibility. Wanna talk about inflation? Look in the mirror. You’re more inflated than a hot air balloon Yes I know he is Nah he is correct, but you douchie are indeed the A hole! PLATA BITCHEZZZZZZ UPGRADE UNAVAILABLE The Rolling Stones said it best... "What's confusing you is the nature of my game" |
Anonymous Coward User ID: 80015001 United States 05/17/2022 11:53 PM Report Abusive Post Report Copyright Violation | |
darth
(OP) User ID: 28178764 United States 05/17/2022 11:54 PM Report Abusive Post Report Copyright Violation | ... Quoting: darth None, zero, nada? What country are you living in? What planet are you on? Are you a carbon based lifeform? Prices arw due to shortages. Supply and demand NOT inflation Go back to school low IQ moron In 2008-2009 Ben Bernanke wrote checks from the fed reserve to the tune of $16.5 TRILLION just outside the USA. He bailed out every central bank in the modern world. Ben even wrote a check to the Libyan Central Bank for $150M before we started bombing them. YES, supply and demand for dollars. The incredible printing of currency has consequences. Ref my IQ, Mensa said it was not astronomical, but adequate. I was a single guy and thought I would meet interesting women at Mensa. YIKES! Intelligent...yes, but it was in Kahlifornia, so they were uniformly strange women. Anybody who mentions Mensa is ghey and egotistical You’re so smart you didn’t figure out IQ tests are bullshit. You’re so smart that you never thought somebody would point out you trying to slip in the d-bag covert brag without anybody challenging it Fuckin goof "IQ tests are bullshit" is what they say when their score is abysmal. The other AC insulted my IQ. Mensa requires 130 which is actually a pretty low bar. I answered his challenge with a FACT. BTW, my REAL IQ is probably not so high. However, I WORKED in school. 4-6 hours of homework every night was the norm. I took every advanced class offered. You score higher on the SAT if you take Calculus in junior high. Even at the Academy, I took two years of math and never saw something that I had not learned in high school. My sixth grade teacher decided I was going to win the spelling bee. She took me home and her kids drilled me for six hours per night. I won the county and almost won the state. I was 12 y/o. I did it all to impress my mother. She was VERY hard to impress. The day I graduated West Point was the proudest day of her life. Am I proud of what I have accomplished? Hell, yes! I worked for it. What ya got, Skippy? |
Anonymous Coward User ID: 79678269 United States 05/17/2022 11:55 PM Report Abusive Post Report Copyright Violation | I agree with you OP but these boards are getting hit really hard with shills for the fed. That tells me we're closer to the breaking point that I originally thought. Quoting: Anonymous Coward 80562797 They literally hunt out every honest call and tear in like a pack of wild animals. They're getting scared now. I've been saying it around here for months... They're raising rates and spiking the dollar but it isn't stopping inflation. That's why they're freaking out. The dollar will rise, rates will rise, real estate will rise, stocks will rise, and worst yet Commodities and Energy will rise. They believed all they had to do was raise rates to stop inflation but it's not going to work and when it doesn't work they will have no idea how to stop what they've unleashed. This is the real crisis. The OPs advice is very very solid. Correct. OP gave excellent advice. Yup inflation will rise and you'd better get ready. The federal reserve and the central banks are behind this inflation and the impending economic collapse. They're printing money like there's no tomorrow and it's all by design in order to hand it over to each other and buy up all the properties and small businesses across America. They're doing it as we speak. They're buying it all. Part of the "you'll one nothing and you'll be happy" agenda of the reset. |
Anonymous Coward User ID: 45274683 United States 05/17/2022 11:56 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 83133948 United States 05/17/2022 11:56 PM Report Abusive Post Report Copyright Violation | None, zero, nada? What country are you living in? What planet are you on? Are you a carbon based lifeform? Prices arw due to shortages. Supply and demand NOT inflation Go back to school low IQ moron Strange, the CPI numbers says otherwise. I guess those I bonds I purchased are paying 9.62% because there's no inflation, huh? Perhaps you should go back to school, that gender studies degree surely hasn't prepared you for the real world. |
Anonymous Coward User ID: 76146083 United States 05/17/2022 11:56 PM Report Abusive Post Report Copyright Violation | ... Quoting: Anonymous Coward 78133455 Prices arw due to shortages. Supply and demand NOT inflation Go back to school low IQ moron In 2008-2009 Ben Bernanke wrote checks from the fed reserve to the tune of $16.5 TRILLION just outside the USA. He bailed out every central bank in the modern world. Ben even wrote a check to the Libyan Central Bank for $150M before we started bombing them. YES, supply and demand for dollars. The incredible printing of currency has consequences. Ref my IQ, Mensa said it was not astronomical, but adequate. I was a single guy and thought I would meet interesting women at Mensa. YIKES! Intelligent...yes, but it was in Kahlifornia, so they were uniformly strange women. Anybody who mentions Mensa is ghey and egotistical You’re so smart you didn’t figure out IQ tests are bullshit. You’re so smart that you never thought somebody would point out you trying to slip in the d-bag covert brag without anybody challenging it Fuckin goof "IQ tests are bullshit" is what they say when their score is abysmal. The other AC insulted my IQ. Mensa requires 130 which is actually a pretty low bar. I answered his challenge with a FACT. BTW, my REAL IQ is probably not so high. However, I WORKED in school. 4-6 hours of homework every night was the norm. I took every advanced class offered. You score higher on the SAT if you take Calculus in junior high. Even at the Academy, I took two years of math and never saw something that I had not learned in high school. My sixth grade teacher decided I was going to win the spelling bee. She took me home and her kids drilled me for six hours per night. I won the county and almost won the state. I was 12 y/o. I did it all to impress my mother. She was VERY hard to impress. The day I graduated West Point was the proudest day of her life. Am I proud of what I have accomplished? Hell, yes! I worked for it. What ya got, Skippy? Hahaha |
Anonymous Coward User ID: 76146083 United States 05/17/2022 11:57 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 82922543 Australia 05/17/2022 11:59 PM Report Abusive Post Report Copyright Violation | None, zero, nada? What country are you living in? What planet are you on? Are you a carbon based lifeform? Prices arw due to shortages. Supply and demand NOT inflation Go back to school low IQ moron You are a rude obnoxious creep with a maturity level of 14. Let me guess a loser who did all the schoolin but is too fuckn lazy to work full time?? |
Anonymous Coward User ID: 76146083 United States 05/18/2022 12:00 AM Report Abusive Post Report Copyright Violation | Way to go Mensa. I stand by IQ tests being TOTAL bullshit Maybe you shoulda researched the tests and history before you joined an organization so you could feel elite and brag to everybody your whole life Many of us are smart. Some of us don’t need Mensa and we don’t even need proper spelling or grammar cuz we are writing this on a cell phone and don’t give a fuck |
PNWGuy1979
User ID: 82596864 United States 05/18/2022 12:02 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 76146083 United States 05/18/2022 12:03 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 76146083 United States 05/18/2022 12:09 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 83198101 United States 05/18/2022 12:10 AM Report Abusive Post Report Copyright Violation | None, zero, nada? What country are you living in? What planet are you on? Are you a carbon based lifeform? Prices arw due to shortages. Supply and demand NOT inflation Go back to school low IQ moron Lmao. Are you really that stupid? The definition of inflation is more money chasing after finite goods and services. |
Anonymous Coward User ID: 80585819 United States 05/18/2022 12:12 AM Report Abusive Post Report Copyright Violation | I have a Masters in Econ and Finance. Like I always say, With that degree and five bucks I can get a latte'. Quoting: darth However, look back at other inflation eras and consider how to survive the devaluation of our currency. 1. Buy property that pays something whether that be rent, farm crops, timber resources, or whatever. I was working the medical field in the latter 1970s. There were doctors buying Iowa farmland sight-unseen and watching it double in a year. RE is a haven for the middle class or small investor who simply wants to protect his hard earned savings. Don't lose your principal even if you don't make great returns for a while. And usually, you can purchase it with a small down payment or even owner financing. I sold my ancient motorhome to my next door neighbor a few months ago. This afternoon I was chatting over the fence with his new renter. My neighbor is renting out the motorhome while it is parked in his driveway for $650/month, and the renter was thrilled to find a place so cheap. All he did was run water, an extension cord, and a flex pipe to the sewer connection. 2. Buy what you will need in the next couple of years. Beans, bullets, and bandaids. Don't you wish you had purchased primers for reloading ammo over two years ago? You could make a tidy profit right now. People are paying high prices and not even complaining. 3. Buy productive equipment. I own a small manufacturing company and a small farm. Last week I purchased $100K in brand new equipment at zero percent interest and zero down. Hell, it will be worth more as USED equipment next year than I paid for it. Not to mention, I intend to use it and make money with that equipment. 4. Precious metals, hell YEAH! As I was watching silver, I told everyone, "Back up the truck; it is time to buy more silver". 5. Get a side hustle and build new skills. I made a huge mistake when I retired and bought an existing manufacturing company. I should have started small time in my garage and learned the business before I spent all of my savings. The first company I bought was a total disaster. Sometimes I only learn the hard way. I am old enough to remember the 1970s, however, what we are headed for is more like 1920s Germany or Argentina. Most countries in the world have defaulted or devalued drastically at some point. Read the book, This Time It's Different. A couple of Harvard economists writing about devaluations and defaults going back to Rome. I hope you all survive what is coming. . we would be dealing with inflation if your paycheck would be bigger each month, is it bigger? . |
Anonymous Coward User ID: 76146083 United States 05/18/2022 12:13 AM Report Abusive Post Report Copyright Violation | I’ve never taken an IQ test in my life and I knew they were bullshit in the 8th grade and I would never apply to Mensa because again, IQ tests are bullshit, and because I’m not a homosexual |
Anonymous Coward User ID: 82490859 United States 05/18/2022 12:13 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 76897163 United States 05/18/2022 12:17 AM Report Abusive Post Report Copyright Violation | ... Quoting: Anonymous Coward 78133455 Prices arw due to shortages. Supply and demand NOT inflation Go back to school low IQ moron In 2008-2009 Ben Bernanke wrote checks from the fed reserve to the tune of $16.5 TRILLION just outside the USA. He bailed out every central bank in the modern world. Ben even wrote a check to the Libyan Central Bank for $150M before we started bombing them. YES, supply and demand for dollars. The incredible printing of currency has consequences. Ref my IQ, Mensa said it was not astronomical, but adequate. I was a single guy and thought I would meet interesting women at Mensa. YIKES! Intelligent...yes, but it was in Kahlifornia, so they were uniformly strange women. Anybody who mentions Mensa is ghey and egotistical You’re so smart you didn’t figure out IQ tests are bullshit. You’re so smart that you never thought somebody would point out you trying to slip in the d-bag covert brag without anybody challenging it Fuckin goof "IQ tests are bullshit" is what they say when their score is abysmal. The other AC insulted my IQ. Mensa requires 130 which is actually a pretty low bar. I answered his challenge with a FACT. BTW, my REAL IQ is probably not so high. However, I WORKED in school. 4-6 hours of homework every night was the norm. I took every advanced class offered. You score higher on the SAT if you take Calculus in junior high. Even at the Academy, I took two years of math and never saw something that I had not learned in high school. My sixth grade teacher decided I was going to win the spelling bee. She took me home and her kids drilled me for six hours per night. I won the county and almost won the state. I was 12 y/o. I did it all to impress my mother. She was VERY hard to impress. The day I graduated West Point was the proudest day of her life. Am I proud of what I have accomplished? Hell, yes! I worked for it. What ya got, Skippy? Prove it. Upload your Nambla card |
darth
(OP) User ID: 28178764 United States 05/18/2022 12:18 AM Report Abusive Post Report Copyright Violation | Ref IQ tests, I remember an interesting article by Jerry Pournelle. Don't know what he is up to these days. Must have been 35 year ago at least. Jerry got a contract from the US Navy. They had a problem back in the 1970s where recruits would be chosen to go into various specialty training such as electronics. However, a high percentage failed and could not complete the training. The Navy wanted a way to figure out whether recruits would succeed in the training before they spent the funds on the new guys. Jerry used a matrix of data and analysis of grades in high school, what school district they attended, and IQ tests or SAT scores. He showed that if the Navy picked the right recruits, over 95% would graduate in the specialties. The research showed that in some school districts, even high grades meant next to nothing. In other school districts, even modest grades meant a probability of success. The reason universities use SAT scores is because those scores are a good predictor of success in academics. That said, I have known people who were quite successful and led rewarding lives despite NOT having a high IQ. There was a guy I met in West Texas nicknamed "Oop". He resembled Alley Oop from the comic strip, a gorilla of a man. He was working on an oil rig and someone dropped a sledge hammer off the top of the rig. It went thru his hard hat. He ended up with major brain damage and a hole in the top of his head that you could hide a golf ball in. YET, he became a millionaire AFTER his accident. I asked him how he did it. He spoke very slowly, "Wahl, I found out that PAINT is worth $5 in the can and $500 on a bulldozer". That's right. He bought and sold heavy equipment in his front yard in Odessa and all he did was paint it. Thus endeth the lesson. |
darth
(OP) User ID: 28178764 United States 05/18/2022 12:20 AM Report Abusive Post Report Copyright Violation | I have a Masters in Econ and Finance. Like I always say, With that degree and five bucks I can get a latte'. Quoting: darth However, look back at other inflation eras and consider how to survive the devaluation of our currency. 1. Buy property that pays something whether that be rent, farm crops, timber resources, or whatever. I was working the medical field in the latter 1970s. There were doctors buying Iowa farmland sight-unseen and watching it double in a year. RE is a haven for the middle class or small investor who simply wants to protect his hard earned savings. Don't lose your principal even if you don't make great returns for a while. And usually, you can purchase it with a small down payment or even owner financing. I sold my ancient motorhome to my next door neighbor a few months ago. This afternoon I was chatting over the fence with his new renter. My neighbor is renting out the motorhome while it is parked in his driveway for $650/month, and the renter was thrilled to find a place so cheap. All he did was run water, an extension cord, and a flex pipe to the sewer connection. 2. Buy what you will need in the next couple of years. Beans, bullets, and bandaids. Don't you wish you had purchased primers for reloading ammo over two years ago? You could make a tidy profit right now. People are paying high prices and not even complaining. 3. Buy productive equipment. I own a small manufacturing company and a small farm. Last week I purchased $100K in brand new equipment at zero percent interest and zero down. Hell, it will be worth more as USED equipment next year than I paid for it. Not to mention, I intend to use it and make money with that equipment. 4. Precious metals, hell YEAH! As I was watching silver, I told everyone, "Back up the truck; it is time to buy more silver". 5. Get a side hustle and build new skills. I made a huge mistake when I retired and bought an existing manufacturing company. I should have started small time in my garage and learned the business before I spent all of my savings. The first company I bought was a total disaster. Sometimes I only learn the hard way. I am old enough to remember the 1970s, however, what we are headed for is more like 1920s Germany or Argentina. Most countries in the world have defaulted or devalued drastically at some point. Read the book, This Time It's Different. A couple of Harvard economists writing about devaluations and defaults going back to Rome. I hope you all survive what is coming. . we would be dealing with inflation if your paycheck would be bigger each month, is it bigger? . My net worth has risen nicely. Yes, I am profiting from inflation. And I raised my prices in my manufacturing company. |
Anonymous Coward User ID: 83133948 United States 05/18/2022 12:23 AM Report Abusive Post Report Copyright Violation | I have a Masters in Econ and Finance. Like I always say, With that degree and five bucks I can get a latte'. Quoting: darth However, look back at other inflation eras and consider how to survive the devaluation of our currency. 1. Buy property that pays something whether that be rent, farm crops, timber resources, or whatever. I was working the medical field in the latter 1970s. There were doctors buying Iowa farmland sight-unseen and watching it double in a year. RE is a haven for the middle class or small investor who simply wants to protect his hard earned savings. Don't lose your principal even if you don't make great returns for a while. And usually, you can purchase it with a small down payment or even owner financing. I sold my ancient motorhome to my next door neighbor a few months ago. This afternoon I was chatting over the fence with his new renter. My neighbor is renting out the motorhome while it is parked in his driveway for $650/month, and the renter was thrilled to find a place so cheap. All he did was run water, an extension cord, and a flex pipe to the sewer connection. 2. Buy what you will need in the next couple of years. Beans, bullets, and bandaids. Don't you wish you had purchased primers for reloading ammo over two years ago? You could make a tidy profit right now. People are paying high prices and not even complaining. 3. Buy productive equipment. I own a small manufacturing company and a small farm. Last week I purchased $100K in brand new equipment at zero percent interest and zero down. Hell, it will be worth more as USED equipment next year than I paid for it. Not to mention, I intend to use it and make money with that equipment. 4. Precious metals, hell YEAH! As I was watching silver, I told everyone, "Back up the truck; it is time to buy more silver". 5. Get a side hustle and build new skills. I made a huge mistake when I retired and bought an existing manufacturing company. I should have started small time in my garage and learned the business before I spent all of my savings. The first company I bought was a total disaster. Sometimes I only learn the hard way. I am old enough to remember the 1970s, however, what we are headed for is more like 1920s Germany or Argentina. Most countries in the world have defaulted or devalued drastically at some point. Read the book, This Time It's Different. A couple of Harvard economists writing about devaluations and defaults going back to Rome. I hope you all survive what is coming. . we would be dealing with inflation if your paycheck would be bigger each month, is it bigger? . Fool. The scamdemic increased the US money supply by 40%. Your paycheck is irrelevant when that kind of money is in circulation chasing limited goods due to a carefully orchestrated supply chain failure. The last time we had significant wage growth was during the Trump years, but we can't have a mean tweeter running things now, can we? |
darth
(OP) User ID: 28178764 United States 05/18/2022 12:25 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 76897163 United States 05/18/2022 12:27 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 80575336 Portugal 05/18/2022 12:27 AM Report Abusive Post Report Copyright Violation | Problem is people living paycheck to paycheck. They have to spend it all now just to keep their nose above water leaving nothing to invest for retirement. Investing. There's a laugh for you. Uncle's inflation calculations are tortured on the rack until they finally say inflation is 9% and transitory. Street inflation in the real world is double that. Lets use uncle's tortured number of 9%. To get a real return of just 3% you need to make 12% on your savings. Ha Ha Ha. The worst is yet to come. When workers demand to be paid for their morning labor before they go to lunch so they can buy what they need before the price goes up that evening you might get the idea that we are in trouble no matter what uncle says inflation is or how negative the Fed can cut rates below zero. Ha Ha Ha |
darth
(OP) User ID: 28178764 United States 05/18/2022 12:28 AM Report Abusive Post Report Copyright Violation | I have a Masters in Econ and Finance. Like I always say, With that degree and five bucks I can get a latte'. Quoting: darth However, look back at other inflation eras and consider how to survive the devaluation of our currency. 1. Buy property that pays something whether that be rent, farm crops, timber resources, or whatever. I was working the medical field in the latter 1970s. There were doctors buying Iowa farmland sight-unseen and watching it double in a year. RE is a haven for the middle class or small investor who simply wants to protect his hard earned savings. Don't lose your principal even if you don't make great returns for a while. And usually, you can purchase it with a small down payment or even owner financing. I sold my ancient motorhome to my next door neighbor a few months ago. This afternoon I was chatting over the fence with his new renter. My neighbor is renting out the motorhome while it is parked in his driveway for $650/month, and the renter was thrilled to find a place so cheap. All he did was run water, an extension cord, and a flex pipe to the sewer connection. 2. Buy what you will need in the next couple of years. Beans, bullets, and bandaids. Don't you wish you had purchased primers for reloading ammo over two years ago? You could make a tidy profit right now. People are paying high prices and not even complaining. 3. Buy productive equipment. I own a small manufacturing company and a small farm. Last week I purchased $100K in brand new equipment at zero percent interest and zero down. Hell, it will be worth more as USED equipment next year than I paid for it. Not to mention, I intend to use it and make money with that equipment. 4. Precious metals, hell YEAH! As I was watching silver, I told everyone, "Back up the truck; it is time to buy more silver". 5. Get a side hustle and build new skills. I made a huge mistake when I retired and bought an existing manufacturing company. I should have started small time in my garage and learned the business before I spent all of my savings. The first company I bought was a total disaster. Sometimes I only learn the hard way. I am old enough to remember the 1970s, however, what we are headed for is more like 1920s Germany or Argentina. Most countries in the world have defaulted or devalued drastically at some point. Read the book, This Time It's Different. A couple of Harvard economists writing about devaluations and defaults going back to Rome. I hope you all survive what is coming. . we would be dealing with inflation if your paycheck would be bigger each month, is it bigger? . Fool. The scamdemic increased the US money supply by 40%. Your paycheck is irrelevant when that kind of money is in circulation chasing limited goods due to a carefully orchestrated supply chain failure. The last time we had significant wage growth was during the Trump years, but we can't have a mean tweeter running things now, can we? Yeah, the orange guy was far better than Cruella de Pantsuit. DJT was NOT a traditional pubbie. He had a bit more Juan Peron and less Reagan in him. He happily increased fed spending to the horror of the pubbies like Cruz. However, the real blame is on the Fed. |
Anonymous Coward User ID: 82391843 United States 05/18/2022 12:28 AM Report Abusive Post Report Copyright Violation | None, zero, nada? What country are you living in? What planet are you on? Are you a carbon based lifeform? Prices arw due to shortages. Supply and demand NOT inflation Go back to school low IQ moron That is why we have inflation you clown, a shortage of goods and food, grow a brain and get off GLP and spend your time on TikTok queer bait |
Anonymous Coward User ID: 76897163 United States 05/18/2022 12:29 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 76897163 United States 05/18/2022 12:30 AM Report Abusive Post Report Copyright Violation | |
darth
(OP) User ID: 28178764 United States 05/18/2022 12:31 AM Report Abusive Post Report Copyright Violation | |
darth
(OP) User ID: 28178764 United States 05/18/2022 12:35 AM Report Abusive Post Report Copyright Violation | I can fight Motherfucker Quoting: Anonymous Coward 76897163 I’ll give you my address Nambla card or it didn’t happen Pay yer f'n dues and come back as a blue name. I double dog dare ya. AC = moran? Is that always true? Reminds me of Jerry Pournelle at an SF convention. I was on a panel discussion with him. Some guy screwed up the lighting and shined a bright light in Jerry's face. He screamed at the Tech, "I NOT ONLY DO NOT SUFFER FOOLS GLADLY; I DON'T SUFFER THEM AT ALL!" I think he finally mellowed out in his old age. |