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remember, if inflation starts really ramping up, keep cool. Understand that the system will normalize again and it's like riding a storm at sea.
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just focus on coming out on top -your ship not breaking apart.
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@sickburnbro So just... purchase nothing?
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@ACL9000 I doubt most people will be able to get away with that.
The key to understanding is that your purchasing power will weaken - this means not only is your dollar worth less, but anything you own - if you sell it, the value you get out of it will be less as well.
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@VikingWays no, completely serious. Panic is contagious.
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I can't tell if this is sarcasm
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@TrevorGoodchild I'M RICH!!!!!!!!!!!!!!!
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@sickburnbro Counterpoint
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@VikingWays it's worse than that, they are pretty much out of tricks for goosing the economy, but on the other end of things the government has been spending trillions of dollars importing invaders in order to both destroy the country but also goose numbers by injecting money to keep the GDP up.
I'm not talking about people panicking now. I'm talking about people panicking when a Black Monday event happens and people's retirements drops 80%, and the entire floor falls out. Thats when there is going to be mass panic. When everyone else is panicking around you, you're going to feel the panic rising up your neck. You have to think about exactly how that moment is going to feel now in order to know you'll be able to fight it.
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I'm far from panicked, I just know that despite what I "make" sounds good on paper that my buying power isnt any better than it was in 2008. In fact in a lot of ways it's worse despite making double or triple the salary I did then. I couldn't imagine the people earning the national average (58k) or less. Dropping interest rates leads to inflation, that you obviously know, but they've worked their shell game and are out of shells.
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@robbie 4% raise? Most people are getting nothing or 2%.
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surely my yearly 4% raise will keep pace
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Bro I walked into a local health food store, bought a kombucha, 2 small egg salad cartons for dinner, a bag of chips cooked in avocado oil (because I'm a hippie fag obviously) and a package of smoked salmon and spent 72 fucking dollars...
My in-law does director ordering from the farms for vegetables. In 2019 he said it was common to buy a box of lettuce for under 5.00 wholesale, he said the companies now won't sell for less than 12.00 or they lose money. He said it's now common for him to pay 13-16 dollars per box. So food has tripled in five years. That's a real-world example at the wholesale level. (side note: that SOB must make 200k + a year doing that job)
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@VikingWays @sickburnbro It was only, what, a couple months ago... "You are a liar, you are not spending more money on food at the grocery store."
How quickly things change.
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@VikingWays @NoDoxGregBrady yeah, I buy a lot from farmers, and it seems to have gone in spikes, like price will hold steady, but then go up 50-100% when it changes.
I always talk to them about what's going on and they are all very upset they have had to increase prices, like they are afraid that they think people will think they are trying to gouge them.
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well, now I feel bad.
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@robbie don't, just appreciate what you do have. We will all relearn humility.
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@Diogenese_Shiplap @NoDoxGregBrady @VikingWays gold isn't what is important. The key is to understand stores of value. Metals are a classic store of value, but having medical supplies when no-one else does are worth way way more now.
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@sickburnbro @VikingWays When deflation hits, the people with physical property are kings.
But I think that's what the entire game was rigged to prevent. If you're a "merchant" in the city, your entire net-worth disappears with deflation, while "that dumb fucking hillbilly" farmer is suddenly rich. Not because he changed what he's doing, but rather that he has the stuff that people want, and the paper itself is what no longer has value.
I don't think the game will be up until we see that outcome. Not rampant inflation, but actual legitimate deflation.
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@NoDoxGregBrady @sickburnbro @VikingWays One thing to remember is that the paper (whether deed or money) never was worth anything. The jew always takes gold early in the game, and losses later in the game are only paper so it doesn't matter if they lose a bunch of it.
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@VikingWays @Diogenese_Shiplap @NoDoxGregBrady but yes! as far as stores of value go, the reason precious metals were prized is their weight to value. But - if you aren't planning on going anywhere, that doesn't need to be the optimizing factor.
The fungibility of your store is very important, and salt rates high on that. It means it can be very easy to give some away as a token of good will.
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Agreed, the trick is knowing the proper stores of value. I have an in-law that likes to hoard bullets and sea salt. Goes back to 'salary', he thinks it's funny to buy bags of salt, but watch it be worth its weight in gold.
Bread up, Bro
Biker Fren
VikingWays
Trevor Goodchild:verified::pondering_orb:
robbie
NoDoxGregBrady
Diogenese_Shiplap
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