Inflation Plummeting Rapidly

[CrusaderFrank]

so, counterfeiting has no impact on inflation?

If Russia or Germany had printed millions of dollars fake American money, it wouldn't affect inflation or the economy?

Only if they could blame Trump for it

 

[theHawk]

The purchasing power of the US dollar continues to fall off a cliff:

 

[CrusaderFrank]

Who cares if it's paper money or not? The effect is the same. More money in the system equates to that money being worth less and inflation. Is a loaf of bread intrinsically worth more today than it was 50 years ago?

The average price of a loaf of bread in 1990 was 70 cents. Today it's about triple that. Is a loaf of bread today 3 times as valuable as it was in 1990 or is the money we are trading for the bread only worth a third.

United States - Currency in Circulation - 2024 Data 2025 Forecast 1917 Historical

United States - Currency in Circulation was 2345.90500 Bil. of $ in April of 2024, according to the United States Federal Reserve. Historically, United States - Currency in Circulation reached a record high of 2345.90500 in April of 2024 and a record low of 3.71400 in August of 1917. Trading...

tradingeconomics.com

Cant imagine where all this inflation comes from....

In the 70's my friends and I used to shop local gas stations to save a few cents per gallon

 

[White 6]

Supply chain issues? People had money and no goods (not enough goods more accurately) to buy.

That drives up prices

Putin’s war pushed energy prices up

The problem was not people having money or lack of goods. The problem was people having cheap money going to bank accounts and then they got back out and started spending it, as they didn't have to work for it to begin with. Cheap money from the government, especially free money from the government is always absorbed by the economy with supplies recognizing the excess cash while some consumer standard bill like student loans and rent on hold, made a good time to raise prices, hence, increased rapid inflation, with sale price increases outstripping production cost increases.

Not Putin's war as main cause of petroleum price increases. Industry had been at glut level prior to Covid, giving cover to huge decrease in production, forcing futures up, and prices up. Increased profit margin on lower production costs and exploration costs, created a business situation, the industry wished to stretch out as long as possible. After all, who wouldn't jump at the chance to make record profits at lower cost? Just my opinion.

 

[CrusaderFrank]

The purchasing power of the US dollar continues to fall off a cliff:

View attachment 803825

Kevin McCarty and the RINOS to the rescue! They will work with the Progressive Jihadists to fix things, er, or something

 

[rightwinger]

I just stopped into a 'nations' burger place a few days ago where I live , just to pick up two milk shakes. I hadnt done that in quite a while, so I gotta say I was shocked when the total came up to $13... just for two shakes. You could almost be pushing $100 dollars there to take out a family of five for burgers fries and shakes.... a bacon cheese burger there is $15.

everything is so expensive now , that 25 $ an hour job is the new $15 dollar an hour job. Biden has fixed nothing .

I don’t know why restaurants keep their high prices. supermarkets have dropped their prices

A year ago, ground beef was $4.75 a lb, milk was $5.50. Eggs were 50 cents each. I understood why restaurants raised their prices so much.

Today, ground beef is $3.00, milk is $3.25, eggs are 25 cents. But restaurants are still charging the same.

 

[Harpy Eagle]

Inflation was at a 40 year high before the war in the Ukraine

And now it is going down. Is that not a good thing?

 

[The Banker]

Higher prices don't cause money printing.

Money printing causes money printing.

Dollars don't just multiply like Tribbles

Trump and the republicans cause money printing, seeing how Trump had record money printing and Bush and the idiot GOP blew up the economy, which rsulted in the need for massive money printing.

All of our problems and failure are the result of GOP policy fuck ups.

 

[MarcATL]

Incredible and Beautiful Inflation data this morning.

Core Inflation came in at just 0.2% inc. That is the FED's target !!!

The facts are in. Inflation was due to Putin's war and supply chain problems, and all the fake money Trump printed during his presidency.

Rate cuts coming soon !

Economic Calendar - Investing.com

Economic calendar: get indicators in real-time as economic events are announced and see the immediate global market impact - Including previous, forecast and actual figures.

www.investing.com

President "Sleepy" Joe Biden is doing a bang up job!

 

[John Edgar Slow Horses]

Can money be unprinted?

Money can be withdrawn from the system.

 

[jotathought]

Incredible and Beautiful Inflation data this morning.

Core Inflation came in at just 0.2% inc. That is the FED's target !!!

The facts are in. Inflation was due to Putin's war and supply chain problems, and all the fake money Trump printed during his presidency.

Rate cuts coming soon !

Economic Calendar - Investing.com

Economic calendar: get indicators in real-time as economic events are announced and see the immediate global market impact - Including previous, forecast and actual figures.

www.investing.com

Why are feds raising rates if they don't need to continue to discourage spending? Even after the recent job reports .. feds are at a 90% chance of continuing a rate increase.

Biden is a spending fool and is setting new spending records .. which injects more money into the economy .. which doesn't help reduce inflation.

Let me guess .. the Inflation Reduction Act reduces inflation because of its name?

 

[jotathought]

President "Sleepy" Joe Biden is doing a bang up job!

How? What's he doing that's a "bang up job?"

 

[Tommy Tainant]

Can we not all agree that inflation slowing down is a good thing?

Are you a commie or something ?
Let me explain.
If it comes down under trump it is a good thing and testimony to his economic genius.
If it comes down under Biden its Hunters laptop. (and Hillary)

 

[Faun]

You’re lying again. Inflation is at 3%, not 0.2%.

It is STILL rising and we have a long way to go to bring prices back down to Trump era prices.

Don't be so stupid. He said "core inflation."

Consumer Price Index Summary - 2024 M05 Results

www.bls.gov

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2 percent in June​

 

[John Edgar Slow Horses]

How? What's he doing that's a "bang up job?"

He is so obviously much better than Trump.

 

[John Edgar Slow Horses]

Where have I said Russia doesn’t control their media? Plus this has nothing to do with your ignorance of the causes of this PROVOKED war. Stop trying to change the subject.

gipper, like a trained monkey, will always defend Russia.

 

[Rocko]

And now it is going down. Is that not a good thing?

I don’t think it’s going down because of Biden. I’ll give credit to the fed for navigating us through a recession

 

[Faun]

The purchasing power of the US dollar continues to fall off a cliff:

View attachment 803825

That's bad news for America. So other than hating America, why does CrusaderFrank LOVE that?

 

[rightwinger]

I don’t think it’s going down because of Biden. I’ll give credit to the fed for navigating us through a recession

It was all on Biden

He has an app on his phone where he can lower gas prices and the inflation rate

 

[Harpy Eagle]

I don’t think it’s going down because of Biden.

I agree.

I’ll give credit to the fed for navigating us through a recession

We have not had one of those yet, but maybe if you are lucky we will