How does my milk going up over double have anything to do with the Netherlands?

And will do SFA for inflation given that most of it is currently supply side, and interest rates are a demand control tool (and a blunt one at that).

UK also increased its money supply just like the US and at nearly the same time and rate

https://tradingeconomics.com/united-...oney-supply-m2
[click on the 10Y button at the top of chart]


It is a good point however that many other countries are also having inflation problems now.

It's not just a US problem, and it's definitely a multi-factorial problem.

I’m gonna make a detailed thread later this week but here are the thoughtsWe really screwed up the supply chains

Producers price index rise more than expectedhttps://www.bloomberg.com/news/artic...-broad-advance




https://www.bls.gov/news.release/pdf/ppi.pdf

Just went golfing yesterday and the course has almost doubled its cost lmao. Thanks fuk face Biden

Inflation at a golf course

The first part of Tucker carlson's talking points was about the high inflation report. What was new to me was his point that the high inflation seen today is different from the 1970s inflation. In the 70s wages were keeping up with, or close to, the high inflation rate. With the inflation seen today under Biden, real wage income is dropping.

"Tucker Carlson: The most dishonest people are yelling loudest for a war with Russia
Tucker Carlson exposes billions in Ukraine funding while Americans suffer"

https://www.foxnews.com/opinion/tuck...est-war-russia

excerpt:

So, the biggest annual spike in inflation in more than 40 years. That's the headline. But if anything, it understates what's actually going on. The reality of it is worse than that. During the Carter years, when inflation famously hit 14.6%, wages were still going up. As Pew put it in a recent analysis, "During the high inflation years of the 1970s and early 1980s, average wages commonly jumped seven, eight, even 9% year over year" and that makes sense. There's more money in circulation. It's worth less, but there's more of it. But that is not what is happening right now and that's the weird thing.

According to the Labor Department report today, "Real average hourly earnings decreased 3.6%, seasonally adjusted from June 2021 to June 2022. The change in real average hourly earnings, combined with a decrease of 0.9% of the average workweek, resulted in a 4.4% decrease in real average weekly earnings over this period." 4.4% average decrease in earnings. This is what economic disaster looks like.

Americans are making less money at exactly the moment when everything they buy from gas to groceries is more expensive and not just a little more expensive, a lot more expensive. Here's the big picture. The average American household income this year is about $87,000.

Today's inflation numbers means the average household is losing nearly $8,000 a year just from inflation. By the way, that's using the government's cooked numbers, the 9.1% inflation number, which is derived from the intentionally deceptive consumer price index (CPI), so the real number is actually higher than that. Rising inflation with falling wages. This is very bad, and as we said, it's also very weird. How weird? Well, here's one measure of the strangeness. The price of gas is now much cheaper in Mexico than it is in the United States, and that's why so many Californians are now driving across the border to fill their cars. ....

.....REPORTER: "For as long as it takes." Does it mean indefinite support from the United States or Ukraine, or will there come a time when you have to say to President Zelenskyy that the United States cannot support his country any longer? Thank you.

PRESIDENT BIDEN: We are going to support Ukraine as long as it takes. We are going to stick with Ukraine and all of the allies will stick with Ukraine as long as it takes.

REPORTER: The war has pushed prices up. It could go as high as $200 a barrel, some analysts think. How long is it fair to expect American drivers and drivers around the world to pay that premium for this war?

BIDEN: As long as it takes. Russia cannot, in fact, defeat Ukraine and move beyond Ukraine.

Future generations will look at that tape and many tapes like it with their jaws open. As long as it takes! Whatever the cost for Ukraine! As the American economy heads toward total destruction, Ukrainians are dying in large numbers, who's winning? Well, Ukrainian oligarchs, they're getting richer, much richer. Since January of this year, the Biden administration has sent about $8 billion just in so-called security assistance alone to Ukraine. That would include missile systems, howitzers, ammunition, radar systems, etc., etc.

AVERAGE AMERICAN WORKER HAS LOST $3,400 IN ANNUAL WAGES UNDER BIDEN THANKS TO INFLATION

Now, defense contractors are making a ton from this, and that's why they have lobbied for it so hard, but you have to ask, once we send these weapons to Ukraine, where do they go then? What happens to them? These are sophisticated and deadly weapons systems. Well, no one knows where they go. No one's keeping track. U.S. officials, Biden administration officials have admitted that to The Wall Street Journal and we're quoting: "Once U.S. equipment material is handed to the Ukrainian government U.S. officials said they have little direct knowledge of where that material goes. They rely instead on the Ukrainian government for such information. The administration has not agreed to allow American military troops to conduct some oversight into that country."

Huh?

So, you send billions to Ukraine in the middle of a war, and then you don't bother to find out what happens to it? What will happen to these weapons? Well, the Czech defense minister knows he has said these weapons, some of them will be smuggled out of Ukraine, "It's hard to avoid trafficking or smuggling. We didn't achieve it in the former Yugoslavia and we probably won't avoid it in Ukraine."

This is lunacy. If you wanted to make Eastern Europe dangerous and unstable for generations, ensure that war continues and many more die, this is exactly what you would do. You would treat Ukraine like we treated Afghanistan, but that's just the beginning of the money we're sending. On top of all of this security assistance, now, the head of USAID, that would be Samantha Power – she's never left, she's still here, amazingly, after wrecking the world – she's announced we're sending $4 billion more to Ukraine to pay off that country's budget deficit. Wouldn't that be nice if Samantha Power decided to pay off our budget deficit, if anyone decided to help us? But no, no one would ever do that.

Inflation doesn't ever go away on its own.

If you know something is going to be more expensive next month, you go and buy it now, right? And what does that do?

It drives demand up. When demand outstrips supply, prices go up.

Inflation begets more inflation.

"The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy."

- Ludwig von Mises

[QUOTE=gachase21 post_id=1664378103]Producers price index rise more than expected

[URL=https://www.bloomberg.com/news/articles/2022-07-14/us-producer-prices-rise-more-than-forecast-in-broad-advance]https://www.bloomberg.com/news/artic...-broad-advance[/URL]

[url]https://www.bls.gov/news.release/pdf/ppi.pdf[rl][/QUOTE][img]https://im2.ezgif.com/tmp/ezgif-2-1adb1e8468.gif[/img]

Who could have imagined, months ago while people were paying millions of dollars for digital pictures of cartoon apes, that there was too much money in the system.

This guy….














If CNN can just keep saying January 6 loud enough, maybe people will forget there is inflation.