How many of you really understand the effect of inflation?

[healthmyths]

I know, I know... this maybe too simple for some of you but I've found most people that defend Biden's inflationary acts that "well inflation is going down!"...
WRONG!!!
Let's look at some inflation items today ... Gas price as of :

Gasoline Inflation in the United States (1968-2024)

The average price of gasoline fell 15.3% in the 12 months ending September as compared to the annual decrease of 10.3% in August, according to the most recent inflation data published October 10, 2024, by the U.S. Labor Department's Bureau of Labor Statistics (BLS). Gasoline is an important...

www.usinflationcalculator.com

Now a few of you may not consider this but look at the individual years like this:
The price went up from 1/2017 to 1/2018 by 18.7 cents or the price was $2.60 per gallon of gas.
BUT the price went down from 1/2018 to 1/2019 by 24.4 cents so it cost less for gallon of gas.
And so forth from 1/2019 to 1/2020.. ultimately increased from $2.35 on 1/1/2020 to 27.9 cents.
BUT then Biden told Americans.."I guarantee We Are Going To Get Rid of Fossil Fuels” September 06, 2019, 5:49 PM

As a result Biden's gas prices went up From $2.391 to $3.353 an increase of 96 cents/gallon or 40% increase.
In other words regardless of declining inflation rate, the prices increase to today's $3.099 an increase of 69 cents or 28%.

AAA Gas Prices

So even if prices went down, the majority of years saw an increase in cost of gasoline.
So when the MSM brags about inflation going down, consider the current day price of gallon of gas is still going up!

 

[Natural Citizen]

Inflation, properly defined, is the expansion of the supply of currency and credit.

This, of course, devalues currency.

Which means you have less and less purchasing power.

The former is the cause and the latter is but one consequence.

It's not such a difficult thing to grasp.

I think that nobody ever wants to touch on the actual cause of inflation with a ten foot pole, because both wings of the big government machine rely on the Fed's printing press.

But I'm sure that the new president will stop the Fed from printing currency and stop inflating the currency supply.

lolol..

 

[Mikeoxenormous]

I know, I know... this maybe too simple for some of you but I've found most people that defend Biden's inflationary acts that "well inflation is going down!"...
WRONG!!!
Let's look at some inflation items today ... Gas price as of :
View attachment 1038870

Gasoline Inflation in the United States (1968-2024)

The average price of gasoline fell 15.3% in the 12 months ending September as compared to the annual decrease of 10.3% in August, according to the most recent inflation data published October 10, 2024, by the U.S. Labor Department's Bureau of Labor Statistics (BLS). Gasoline is an important...

www.usinflationcalculator.com

Now a few of you may not consider this but look at the individual years like this:
The price went up from 1/2017 to 1/2018 by 18.7 cents or the price was $2.60 per gallon of gas.
BUT the price went down from 1/2018 to 1/2019 by 24.4 cents so it cost less for gallon of gas.
And so forth from 1/2019 to 1/2020.. ultimately increased from $2.35 on 1/1/2020 to 27.9 cents.
BUT then Biden told Americans.."I guarantee We Are Going To Get Rid of Fossil Fuels” September 06, 2019, 5:49 PM

As a result Biden's gas prices went up From $2.391 to $3.353 an increase of 96 cents/gallon or 40% increase.
In other words regardless of declining inflation rate, the prices increase to today's $3.099 an increase of 69 cents or 28%.

AAA Gas Prices

So even if prices went down, the majority of years saw an increase in cost of gasoline.
So when the MSM brags about inflation going down, consider the current day price of gallon of gas is still going up!

I remember walking into a Hostess bakery back in the day and a loaf of bread was a nickle. A gallon of gas was 29 cents, and a middle income family made $5,000 a year. But each time a Democrat got in charge, they raised minimum wages, drove up gasoline prices, and all the goods and services ended up costing more also. Never ending cycle, with Democrats in charge.

 

[Thunk]

Inflation going down means prices are still going up (just at a slower rate).

Thunk of it this way...

When I was born gold was $35 per ounce...or you could say the dollar was worth 1/35th of an ounce of gold.

Today gold is $2,700 per ounce...or you could say the dollar is worth 1/2,700th of an ounce of gold

 

[pknopp]

Any Biden inflationary acts were also Trump and Obama acts.

 

[BluesLegend]

I'm paying DOUBLE for some things since the dumb ass Democrats took control, MF'ers.

 

[Zincwarrior]

It will be interesting to see what MAGA does when tariffs drive up costs.

Remember Smoot Hawley? Eckridge Farm remembers!

 

[Zincwarrior]

I'm paying DOUBLE for some things since the dumb ass Democrats took control, MF'ers.

And you will still be in two years unless you start a depression. Derp

 

[Cougarbear]

Inflation, properly defined, is the expansion of the supply of currency and credit.

This, of course, devalues currency.

Which means you have less and less puchasing power.

The former is the cause and the latter is but one consequence.

It's not such a difficult thing to grasp.

I think that nobody ever wants to touch on the actual cause of inflation with a ten foot pole, because both wings of the big government machine rely on the Fed's printing press.

But I'm sure that the new president will stop the Fed from printing currency and stop inflating the currency supply.

lolol..

Think of it like collectors do. The fewer of your collectable, if it's sellable, makes them more valuable.

 

[healthmyths]

It will be interesting to see what MAGA does when tariffs drive up costs.

Remember Smoot Hawley? Eckridge Farm remembers!

Remember the premise is that individual offshore companies have the options of building in USA, thus reducing tariff expense.
What the US citizen must understand they've been supporting foreign countries like China to the tune of According to the latest data from the U.S. Trade Representative, China makes approximately $536.3 billion in gross revenue from the USA per year through goods imports alone, with the total value of U.S. trade with China reaching around $758.4 billion in 2022.

The People's Republic of China

U.S.-China Trade Facts U.S. goods and private services trade with China totaled $579 billion in 2012 (latest data available). Exports totaled $141 billion; Imports totaled $439 billion. The U.S. goods and services trade deficit with China was $298 billion in 2012.

ustr.gov

So China, et.al. can build in the USA and eliminate that tariff! And remember, Trump talks in terms of 100% tariffs... which will totally eliminate a lot of US buyers of goods and services from China.

 

[Mikeoxenormous]

Inflation going down means prices are still going up (just at a slower rate).

Thunk of it this way...

When I was born gold was $35 per ounce...or you could say the dollar was worth 1/35th of an ounce of gold.

Today gold is $2,700 per ounce...or you could say the dollar is worth 1/2,700th of an ounce of gold

I bought gold when it was $400 an ounce, $900 an ounce, $1,200 an ounce and $1,900 an ounce. Not a bad deal on those purchases.

 

[Mikeoxenormous]

It will be interesting to see what MAGA does when tariffs drive up costs.

Remember Smoot Hawley? Eckridge Farm remembers!

Yeah, all that cheap shit coming from China, which uses slave labor, people like you, will have to pay more for that shit. Democrats, love their slaves.

 

[Mikeoxenormous]

And you will still be in two years unless you start a depression. Derp

And it will be Joe Biden's admin that will be the blame for the Depression, just like it was Andrew Cuomo who caused the housing market crash in 2007.

 

[Thunk]

I bought gold when it was $400 an ounce, $900 an ounce, $1,200 an ounce and $1,900 an ounce. Not a bad deal on those purchases.

Funny thing is...the gold hasn't changed. The weight hasn't changed.

The only thing that has changed is the value of the dollar.

 

[Zincwarrior]

And it will be Joe Biden's admin that will be the blame for the Depression, just like it was Andrew Cuomo who caused the housing market crash in 2007.

No. Thats on you Dumbass.

 

[Mikeoxenormous]

No. Thats on you Dumbass.

Only dumbass is you, who didnt bother to do a little research. Why is it when Democrats, fuck over the people badly, they end up getting a promotion? Oh yeah, stupid fucks like you vote for them.

Here's what really caused the housing crisis

“Under Clinton’s Housing and Urban Development (HUD) secretary, Andrew Cuomo, Community Reinvestment Act regulators gave banks higher ratings for home loans made in ‘credit-deprived’ areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting.

 

[Zincwarrior]

Only dumbass is you, who didnt bother to do a little research. Why is it when Democrats, fuck over the people badly, they end up getting a promotion? Oh yeah, stupid fucks like you vote for them.

Here's what really caused the housing crisis

You are an idiot to think Orange Jesus is lowering costs.

 

[Mikeoxenormous]

You are an idiot to think Orange Jesus is lowering costs.

You are an idiot who voted for a colored vagina that got zero votes in the Democrat Nomination process. Want to keep playing the game?

<-----Stinkwarrior's IQ

 

[Zincwarrior]

You are an idiot who voted for a colored vagina that got zero votes in the Democrat Nomination process. Want to keep playing the game?

View attachment 1039039<-----Stinkwarrior's IQ

Costs don't go down numbnuts.

 

[Mikeoxenormous]

Costs don't go down numbnuts.

When transportation costs for diesel goes down, then those savings can be passed on to the consumer. I guess you never took economics 101, nvm, i doubt you graduated from Kindergarten.