Inflation 👂👂📌📌

Im curious to those who really believe that inflation is only at 7.9% I think it is more around 20% inflation.

Do you believe things will get worse?
Do you believe we will see a total market collapse worse then the great depression.

I believe that the effects inflation are dependent on your location, but energy costs are the driving force behind it in all locations.

I live in a rural community that depends heavily on agriculture and tourism. The cost of fertilizer and fuel has almost doubled here. Farmers are looking at toward high profit margin crops. Over planting there may be a disaster.

Tourist travel through our county so far is down by more than 20%. If this continues, we are on the path to the poor house.

Here, inflation is on the path to push our community into a depression.

Or specifically the year, that is I think things were far better in the 1950's when we made really good money. Like when they raised the minimum wage from .40 cents to .75 cents. About a year or so later I felt like a rich man because I was making a dollar an hour,,man we were rolling in the big times back then.

I remember my first job. Selling Fuller brush door to door. $1.67 an hour in about 1970. I remember working for Chicken of the Sea for $3.15 in 1972. I could bring about $125 a week. Auto insurance was about $300 a year and I was 18. Now 50 years later I can't afford a car to insure.

Yep it's all arbitrary in time. It just seems like yesterday sitting in the barber shop and the old men arguing about .22 cents a gallon for gas,,one of them said when it hits .30 cents everyone would saddle their horses and dig out the trace chains and plow like they used to.

Not long now til the dollar is no longer the reserve currency. Then All bets are off on how bad things will get.

I've been expecting a global shift to the petro dollar soon.

Wealth and poverty are a state of mind in that someone who has financed his home,car ect. in the day the dollar is worthless will be poor(repossession's) . On the other hand someone who saved up and paid cash for their land and built their own house will be rich the day the dollar falls how so ever humble his home may be he will still posses it. If someone buys a new car every time he makes a payment his car is worth less and less but if a man buys a used car and pretends he's making monthly payments by restoring it it's worth more and more(in a bad month he could even skip a payment and keep he car). Everyone caught in the trap of loan's in the day the dollar fails will be in poverty and everyone who doesn't play the "what's your credit score" game will be just fine.

The problem that many face is while wages keep going up the buying power of having money in the bank reduces as the cost of living raises. The persons living from paycheck to paycheck are less likely to notice as long as wages rise with the cost of living. I do recall when we could go buy a brand new ford maverick for $2,000 + tax & tags.

I haven't had a holiday in decades.

Yep I remember the Diners Club Card (Frank X McNamara) and then from there all the new credit cards springing up https://en.wikipedia.org/wiki/Diners_Club_International I thought "X?" this guys middle name is a mark, there's no dot after it as in an abbreviation. Everyone went out to get the credit cards and they would hand you the applications at the gas stations and department stores along with your receipt(I threw mine away,lol). I think it caught the whole planet off guard in that they were focused on how we were going to buy and sell way off in the future and nobody was looking at what they had in their hands.

Or even higher. Official figures are always misleading.
Yes. Unless Biden is immediately removed from the presidency.
That is debatable.

You probably meant "from" not "to". It seems like the Chinese Yuan will dominate. China is now the world's super-power.

I have quite a lot to say.

First. "Millennials." Born between about 1980 - about 1995. For some odd reason I never could, for the entire life of me, figure out why Fox News and the right wing media decided to all the sudden, wage a fake social war against "millennials."

The biggest argument was about how "lazy" and "entitled" we all were/are. Now here on this right wing conservative Christian forum, there are baby boomers admitting that times are much more financially difficult than when they were kids in the 50s and 60s.

Yes. They are a lot more difficult, and there is a really good reason as to why:

"Reaganomics." It. Does. Not. Work!

Or rather, a combination of Reaganomics and a rabid anti-tax, anti-union, and anti-socialism campaign over the course of 40 years. Eisenhower would be considered an outright communist by today's Republican standards.

Anyway, moving on....

While this major anti-worker movement has been going on, at the same time, they've been focusing on reporting corporate profits and the stock market. Evaluating presidents based on how the stock market performs, as if the president has ANYTHING to do with the stock market to begin with.

So. For the past 40 years, what's been happening was this:

Corporate profits and CEO/board of dorectors' pay has been rising faster than the CPI. (Consumer Price Index.)

Meanwhile, worker pay has not kept pace with the CPI!

This, right there, is proof that right wing Reaganomics does not work! Corporate profits do NOT "trickle-down" to the workforce! Yet, decade after decade, we keep pretending that it does, and that the president is some sort of magic magician that controls everything like a communist dictator.

What we need, is what my great-great grand parents, my great grand parents, and my grandparents fought for. (Basically, the adult generations between the years 1880 to 1950. Yes, that includes the WWII generation!):

Unions!

Worker rights! (Re-strengthening them)

High taxation on the upper income levels!

Reinvesting back into our country, with an emphasis on infrastructure and education!

All of these things resulted in a wide and strong middle class that the (white) baby boomers got to take full advantage of. (Remember: "whites only" signs did actually exist, and they existed up through the 1960s! As did housing discrimination when the interstate was built and jobs left the cities for the brand new suburbs, leaving black families jobless and in poverty in the inner cities.)

There is an easy solution to all this. They have said that if a man identifies as a woman then he is a woman!

That is amazing, but also powerful. We should apply this phenomenon to inflation. Simply tell Americans to identify as a country that is not undergoing massive inflation.

We could use this to solve the spike in crime, the bread lines, the pandemic, the border crisis, the war in Ukraine, the possibilities are endless.

My parents were die hard FDR fans and credit him for not only saving us from the great depression (My Father was homeless on rt 66 from 1933 - 1938) but FDR's new deal saved us from Imperialism, Fascism and full blown Communism.

Discrimination will always reappear in some way or another. It happens world wide race, religion, economics etc. We'd like to overlook that humans are still tribal. Each tribe thinks they are better than the others. We won't have a perfect world till the Lord returns.

Lets talk about workers rights.
I do not believe in unions that require an employer to pay all an equal wage regardless of productivity.
I dealt with this for 40 years. While I consistently out produced those I worked with, my employer was not allowed to pay me more because it violated the union contract.
No worker should be forced to pay union dues that are used to pay union employees more that those they work for and support candidates they do not support, just to work.
Today, there are kids at McDonald that make more money flipping burgers that cashiers at grocery stores that have to pay union dues and can not be given a raise because it would violate the precious union contract.
This is just wrong.