Post AkSIMJUgRi23BJunYm by Sirpantangelini@noauthority.social
(DIR) More posts by Sirpantangelini@noauthority.social
(DIR) Post #AkRRjqwWxCEK0oHOvw by matty@nicecrew.digital
2024-07-30T02:05:34.755809Z
9 likes, 4 repeats
>we lose 30% buying power on top of the 400% we've already lost over the last several decades over the course of a couple of years>inflation "normalizes" back down to 2% which is still 430% over the original buying power of the dollar>we saved the economy, guys!There are few things I hate more than corporate journalists and blue check talking heads.
(DIR) Post #AkRRjsIttViaETkmRM by NonPlayableClown@postnstuffds.lol
2024-07-30T02:07:25.890564Z
2 likes, 0 repeats
Can I please curb stop him.Literally bought a 12 pack of soda for a party and it costed 10 bucks.If it's 2% then you he won't feel a thing when I do the deed.
(DIR) Post #AkRRuiv57nYAJUmlFY by Griffith@5dollah.click
2024-07-30T02:09:23.682908Z
1 likes, 0 repeats
@matty >alleviated inflation without causing a recessionNone of that is true
(DIR) Post #AkRTUtzTXaqz1oeiga by Marshall1Banana@poa.st
2024-07-30T02:11:05.832302Z
1 likes, 0 repeats
@matty I like that people don't understand that inflation is rate of change and not the direct price value (like comparing a cars acceleration to its geographic position)I'm curious to see the reaction when it's still 15$ for a McDonald's meal and the TV says the fed "solved" inflation
(DIR) Post #AkRTUv0DmJ2oAQ0pUG by matty@nicecrew.digital
2024-07-30T02:11:35.329781Z
1 likes, 0 repeats
Dude that's almost the price *now*. You know it's bad when even the goyslop rises dramatically in price.
(DIR) Post #AkRTVWxie3cbtf8MrY by anonmoose90@poa.st
2024-07-30T02:21:30.263780Z
1 likes, 0 repeats
@matty It's inflation. Once you've inflated, you don't gain back the lost currency value that's been inflated away. If you inflate a balloon by 2% over a certain time period, then raise the percentage of air inflating the balloon by 10%-15%, then slow back down to 2%, the balloon is still inflated; you've not released any air that's gone into it. How can anyone be this stupid?
(DIR) Post #AkRoI3ZAj1dG034JTU by gentoobro@gleasonator.com
2024-07-30T06:20:07.132048Z
0 likes, 0 repeats
@matty And on top of that they're lying about the 2% inflation rate. They rigged CPI. Again. They're keep rigging it and lying even when you're paying $100 for a loaf of bread.Federal tax revenues only cover 70% of federal spending. They have to borrow $2T more every year now, and that number will only rise faster and faster. Interest on debt is currently at 20% of tax revenue, and the Fed is having a hard time selling treasuries for low rates. Right now some mild austerity could stop the bleeding; something small like complete elimination of Medicare and Medicaid. (Complete elimination of the military would only get you half way there...) Then the US could slowly pay down the debt, in theory.The bigger percentage of the budget taken by interest payments (the long you wait until balancing the budget), the more severe austerity is needed. Once taxes can no longer cover the interest, you're hosed. Then the only options are direct wealth confiscation (Argentina) are hyperinflation (Venezuela). You can't even welch on the debt because half of it is owned by Americans, and by that time nearly all of it will be; it would just be wealth confiscation with more steps.
(DIR) Post #AkRvpseiUpKZgbjnWK by MisterRogersSnapped@seal.cafe
2024-07-30T07:44:41.314214Z
0 likes, 0 repeats
Only one way to fix it.
(DIR) Post #AkSIMJUgRi23BJunYm by Sirpantangelini@noauthority.social
2024-07-30T11:31:21Z
0 likes, 0 repeats
@matty considering the constant fudging of numbers, I don't believe the current rate is actually 2%
(DIR) Post #AkSIMK34NrXOty0G9o by ned@noauthority.social
2024-07-30T11:57:03Z
0 likes, 0 repeats
@Sirpantangelini @matty looking at the numbers today. I'm about $30k a year worse off than 5 years ago. Just in mortgage, insurance, food, fuel expenses, etc.
(DIR) Post #AkSIPoZ7NZW6Pueu6C by ned@noauthority.social
2024-07-30T11:57:41Z
0 likes, 0 repeats
@Sirpantangelini @matty actually, could be more.
(DIR) Post #AkSNezi4j4zl5yuEbo by Sirpantangelini@noauthority.social
2024-07-30T12:56:27Z
0 likes, 0 repeats
@ned @matty Yes, but inflation rate doesn't change past inflation rate.I am saying I believe inflation is still worse than the 2% they are claiming.
(DIR) Post #AkT50QFpWegTX29tsO by sj_zero@social.fbxl.net
2024-07-30T21:02:07.788104Z
0 likes, 0 repeats
https://www.theepochtimes.com/opinion/wait-how-much-have-groceries-gone-up-5677597Most of us don't have a butler to do our shopping so we know full well nobody's seeing 2% Y-o-Y on anything that matters.
(DIR) Post #AkTDygqpkORw0wiQgi by Sophistifunk@noauthority.social
2024-07-30T22:42:40Z
0 likes, 0 repeats
@ned @Sirpantangelini @matty I’m down about 20 grand in a year thanks to the cost of everything skyrocketing 😭