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Forum » Inflation Getting Reported In The Mainstream Media
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Thread: Inflation Getting Reported In The Mainstream Media

post 1638190243 05-10-2021, 05:59 AM
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Inflation Getting Reported In The Mainstream Media

Have NBC on while drinking my morning coffee and they just ran a piece on inflation in grocery prices.

They were reporting increases from 7% to 11% on some staples in the past year and announcements by some big brands that consumers should expect prices to increase 10% or better over the next year.

The reporter made the usual cost cutting suggestions, mainly to buy store brands instead. Except a lot of people already switched to store brands during the last big downturn in 2008 so that isn't a lot of help.

https://www.today.com/food/food-pric...-slash-t206302

Saturday I visited a local grocery here in MI that I used to frequent weekly and haven't really shopped in about 2 years. Prices were 25% to 30% higher from what they were then. The deli items that were on weekly special were priced around what used to be the regular price, and the regular prices averaged $12 a pound for various deli meats, maybe $9 or $10 a pound for cheeses.

They also said that energy/electricity is up 3%; suggested turning off lights and shutting your blinds to keep excess heat out.
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post 1638190323 05-10-2021, 06:01 AM
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You will soon own nothing and will be happy for it
post 1638190363 05-10-2021, 06:02 AM
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post 1638190383 05-10-2021, 06:02 AM
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Oh no!

What will all the people who get free groceries in the first place do?!

Govt is causing all of these economic imbalances with WAAAY over-funded stimulus packages.

Brb, worst year ever for travel
Brb, best year ever for southwest's balance sheet
post 1638190433 05-10-2021, 06:03 AM
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Originally Posted By HMFIC_BROWSIN⏩
Oh no!

What will all the people who get free groceries in the first place do?!

Govt is causing all of these economic imbalances with WAAAY over-funded stimulus packages.

Brb, worst year ever for travel
Brb, best year ever for southwest's balance sheet
Actually the borrowed money doesn't add that much in interest.

But I would argue because of shutdowns affecting production and Biden perceived as being a spendthrift - this really destroys economic confidence. People are going to be wishing Trump back.
post 1638190443 05-10-2021, 06:03 AM
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Misc reported this 6months ago

Jfl at mainstream media
Losers let it happen, winners make it happen.

Nonsense Army Crew.
post 1638190543 05-10-2021, 06:06 AM
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  1. katya422
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Originally Posted By Nonsense916⏩
Misc reported this 6months ago

Jfl at mainstream media
That's why I thought it was worth posting.

Means that too many people are noticing the increases for the media to just ignore it.

And I'm skeptical on 7% to 11%. 15% to 20% I might believe since I know that grocery prices aren't the same in every market.
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post 1638190673 05-10-2021, 06:09 AM
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I have been reading some crazy stuff rent is going up like 11% food and gasolines prices exploding pretty soon people are going to be sucking dick for meat.
post 1638190733 05-10-2021, 06:10 AM
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Lumber is going parabolic, tradies are noticing. Then the MSM reports.





Buckle up, "transitory" hyperinflation is herehttps://www.zerohedge.com/markets/bo...nflation-ahead

https://www.zerohedge.com/news/2021-...shed-inflation

the Federal Government has printed upwards of $5 trillion via its stimulus programs. And the Biden Administration wants to spend another $2.25 trillion for infrastructure, $2 trillion on climate change, $1.8 trillion for social spending via his American Families Plan, and more. All told that would mean ANOTHER $5+ trillion in spending.

Put another way, while the Fed played a big part in the money printing at the beginning, the bulk of the spending/ money printing and its subsequent inflation came from the Federal Government.

The last two times that inflation ignited as a result of government stimulus/ money printing were during Franklin Delano Roosevelt (FDR)’s New Deal in 1933 and Lyndon B. Johnson’s Great Society plans in 1964.

https://www.zerohedge.com/commoditie...l-unrest-mount

Social Unrest Fears Mount As World Food Prices Soar In April

post 1638190803 05-10-2021, 06:11 AM
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We fuked
𝗣𝗨𝗥𝗘𝗕𝗟𝗢𝗢𝗗
ωσяℓ∂ тяανєℓєя ȼяєω ₅₀/₁₉₅
𝕬𝖊𝖘𝖙𝖍𝖊𝖙𝖎𝖈𝖆𝖑𝖑𝖞 𝕮𝖚𝖙 𝕸𝖆𝖘𝖙𝖊𝖗 𝕽𝖆𝖈𝖊 ®
ᗪIᔕᑕᖇIᗰIᑎᗩTIOᑎ E᙭ᑕᒪᑌᔕIOᑎ IᑎᗪOᑕTᖇIᑎᗩTIOᑎ
post 1638190903 05-10-2021, 06:14 AM
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Originally Posted By LoveeThisForYou⏩
^ Lumber is a shock to the supply chain.

Inflation doesn't make something go up 400% in a year...
Dude it's misc. Wait for people to pop their pills or wait 3 momths before we double down on our opinions.
post 1638191013 05-10-2021, 06:15 AM
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In all fairness op, it being on the msm doesn’t legitimatize it
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post 1638191193 05-10-2021, 06:19 AM
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Don't worry it's just "transitory hyperinflation"

post 1638191293 05-10-2021, 06:20 AM
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There's an article in the Wall Street Journal about it as well.

https://www.wsj.com/articles/consume..._now_news_pos3

And Buffett mentioned it in his annual shareholders' meeting.

Most MSM articles are calling it supply chain disruption due to COVID-19.
post 1638191363 05-10-2021, 06:21 AM
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What did anyone expect to happen??

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The beatings will continue until morale improves.
post 1638191493 05-10-2021, 06:23 AM
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Originally Posted By 5x10⏩
In all fairness op, it being on the msm doesn’t legitimatize it
that's not what she means and it's even worse if the mainstream media is reporting it lol that means that it's completely out of control already.
post 1638191503 05-10-2021, 06:23 AM
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misc crypto millionaires think they're getting rich when really they're just treading water while the rest of the world drowns.
They got little baby legs that stand so low
you got to pick 'em up just to say hello.
post 1638191633 05-10-2021, 06:25 AM
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Originally Posted By Coachbombay⏩
misc crypto millionaires think they're getting rich when really they're just treading water while the rest of the world drowns.
Most of the top 100 of crypto isn't moving though. It's literal dog chit like Doge and other dog knockoffs seeing big moves. All the ******** chats I am in that aren't Doge are full of people borderline suicidal and screaming about: "MUH STABLECOIN"
post 1638191643 05-10-2021, 06:25 AM
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start your own business charge a higher rate?
post 1638191853 05-10-2021, 06:29 AM
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Imagine the numbers they would report if Trump won the election.
post 1638192053 05-10-2021, 06:32 AM
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post 1638192363 05-10-2021, 06:38 AM
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Originally Posted By DoYouEvenNEM⏩
Most of the top 100 of crypto isn't moving though. It's literal dog chit like Doge and other dog knockoffs seeing big moves. All the ******** chats I am in that aren't Doge are full of people borderline suicidal and screaming about: "MUH STABLECOIN"
This is objectively not happening you fuking idiot. Pretty much all the big boys are still mooning this year.

In the last day alone Eth, ADA, Link, LTC have all hit all time highs.
post 1638192393 05-10-2021, 06:39 AM
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Originally Posted By TheGattingBall⏩
This is objectively not happening you fuking idiot. Pretty much all the big boys are still mooning this year.

In the last day alone Eth, ADA, Link, LTC have all hit all time highs.
lol hes actually right and you are wrong
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post 1638192483 05-10-2021, 06:40 AM
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Originally Posted By messomi⏩
I have been reading some crazy stuff rent is going up like 11% food and gasolines prices exploding pretty soon people are going to be sucking dick for meat.
I have to move my daughter and her stuff [MI to TX] I did this with my things mid-June last year. Same size truck rental was about $1200, now the least expensive is $1700. Gas was running around $2.30 a gallon, now here it is $3 a gallon.

Per someone else's suggestion I checked out the pod/cube moving services. I used one of those [PODS] when we moved up from TX and it was about $1K. Now a single U-Pack cube which is smaller and has a lower weight limit is almost $3K. And then I would still need airline tickets for my daughter and I.

My personal financial situation makes me nauseous. I really don't know how I'm going to get through the next 3 months or so.
Originally Posted By DesiredUser****⏩
We fuked
Feels like.

Originally Posted By 5x10⏩
In all fairness op, it being on the msm doesn’t legitimatize it
Yes, but...
Originally Posted By messomi⏩
that's not what she means and it's even worse if the mainstream media is reporting it lol that means that it's completely out of control already.
^^^
This.
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post 1638192593 05-10-2021, 06:44 AM
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Originally Posted By katya422⏩
I have to move my daughter and her stuff [MI to TX] I did this with my things mid-June last year. Same size truck rental was about $1200, now the least expensive is $1700. Gas was running around $2.30 a gallon, now here it is $3 a gallon.

Per someone else's suggestion I checked out the pod/cube moving services. I used one of those [PODS] when we moved up from TX and it was about $1K. Now a single U-Pack cube which is smaller and has a lower weight limit is almost $3K. And then I would still need airline tickets for my daughter and I.

My personal financial situation makes me nauseous. I really don't know how I'm going to get through the next 3 months or so.
I hate it too cause it's completely out of your control even if you mostly "play it safe" with most stuff in life and this is 100% created this isn't like regular inflation anymore.

I was telling people this was going to happen about a year ago I remember making threads about it and some guy was even "debating" me saying we would see deflation not inflation lol.
post 1638192673 05-10-2021, 06:45 AM
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Originally Posted By Autumnal⏩
Imagine the numbers they would report if the election wasn't rigged and taken from from Trump.
Fixed.
post 1638192733 05-10-2021, 06:46 AM
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So far on my predictable pattern list of what happens after a pandemic (even a government created one) we have.

Hyperinflation
Civil unrest (this is going to get way worse)
Brushfire wars
Super power posturing

Up next
Mass starvation
Civil wars
World War 3
*Updated* If you can't hit a 320 yard drive, are you even a man?
post 1638192823 05-10-2021, 06:47 AM
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Still an opportunity for the MISC peasants to get in on silver before they can't manipulate the price down anymore!
#FreeCryptoBandit
post 1638192843 05-10-2021, 06:48 AM
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Originally Posted By Holyfenix⏩
So far on my predictable pattern list of what happens after a pandemic (even a government created one) we have.

Hyperinflation
Civil unrest (this is going to get way worse)
Brushfire wars
Super power posturing

Up next
Mass starvation
Civil wars
World War 3
this has nothing do with "pandemic" there were sigs way before that that this was about to happen one of them being they were printing billions in the final months of 2019.
post 1638192893 05-10-2021, 06:49 AM
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I know food is up 20%, at least in my area(VA Beach)

I shop once a week and basically buy the same cot dayum things. My bill used to be $100-$110 consistently. It's now $120-$130. Beef has dramatically gone up, as have fruits/vegetables. $2 for a head of lettuce? $2.39 for a single pepper? u foking wut? It was like $0.78 and $1.50 before the scamdemic.

We've seen crazy asset inflation as well. Stock up up 50%, houses up 20-30% in one year, crypto up hundreds of percentage points.

Your house isn't worth more, neither your stocks, nor crypto. Your dollar is just worth a whole lot fooking less.
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