Life In America Has Never Been More Unaffordable Than It Is Right Now
Posted by freedomforall 7 months, 1 week ago to Politics
Excerpt:
"Our standard of living is being systematically destroyed, but for a lot of years many Americans didn’t fully understand what was taking place because it was happening so slowly. But now we have reached a stage where the purchasing power of our money is collapsing and the cost of living has become exceedingly painful. Thanks to our rapidly rising cost of living, the middle class is becoming “the impoverished class”, and the poor are increasingly being pushed out into the streets. If we do not find a way to turn these trends around, it won’t be too long before we have tremendous societal turmoil on our hands.
Earlier today, I came across an article about a woman that found a receipt from Burger King that was dated August 10, 1986.
At that time you could buy a Whopper for just $1.54.
Today, that same Whopper will cost you $6.79…"
================================
Completely the fault of federal government and done so on purpose.
NIFO.
"Our standard of living is being systematically destroyed, but for a lot of years many Americans didn’t fully understand what was taking place because it was happening so slowly. But now we have reached a stage where the purchasing power of our money is collapsing and the cost of living has become exceedingly painful. Thanks to our rapidly rising cost of living, the middle class is becoming “the impoverished class”, and the poor are increasingly being pushed out into the streets. If we do not find a way to turn these trends around, it won’t be too long before we have tremendous societal turmoil on our hands.
Earlier today, I came across an article about a woman that found a receipt from Burger King that was dated August 10, 1986.
At that time you could buy a Whopper for just $1.54.
Today, that same Whopper will cost you $6.79…"
================================
Completely the fault of federal government and done so on purpose.
NIFO.
I've been reworking what little wealth I've collected over the years and leaning heavily toward owning "things"...things that generate income. Securities are VERY risky lately, given the volatility brought on by a hawkish Fed, a proxy war with the world's biggest nuclear power, over 10,000 undocumented immigrants pouring into America every day, and a leader who can't speak. Nobody in the media is talking about "stagflation" anymore, but we're there. Good luck with that!
Maybe if the nation survives this we can have a conversation about the (then) $36T hole we've dug. LOL...
So what things do you have?
Sell what you don't eat.
They can be submerged in a slight brine (if the shells are not washed, like store bought), for "years" from what I understand.
I hope that when the mobs come for them with nooses they have that last-second realization that they were the cause of their own demise.
The government keeps issuing new debt notes to cover their spending. These new notes move the debt from your notes to the new ones.
So prices rise to EQUALIZE with the lesser value of the debt notes you hold.
E.g. let's say the price is 100 cents to buy an item. The government doubles the amount of notes so your "Dollar" note now represents only 50 cents of debt. The price is now two 50 cents "Dollar" Notes. Get it?
Why didn't we see so much inflation before? As production gets better prices fall. This allows equalization to the reduction of the debt in your notes without raising prices to equalize. Wages also rise but always much more slowly than debt stealing by the government. If the government borrows to much and production does not get better in pace to the falling prices and wage increases we get price increases.
Whatever 'component of inflation' is lowest gets a larger weight, and whatever goods/services that are increasing in price the fastest get lower weight.
NIFO
The government keeps issuing new debt notes to cover their spending. These new notes move the debt from your notes to the new ones.
So prices rise to EQUALIZE with the lesser value of the debt notes you hold.
E.g. let's say the price is 100 cents to buy an item. The government doubles the amount of notes so your "Dollar" note now represents only 50 cents of debt. The price is now two 50 cents "Dollar" Notes. Get it?
Why didn't we see so much inflation before? As production gets better prices fall. This allows equalization to the reduction of the debt in your notes without raising prices to equalize. Wages also rise but always much more slowly than debt stealing by the government. If the government borrows to much and production does not get better in pace to the falling prices and wage increases we get price increases.
How can we measure objectively the devices that make some products more useful and apply those benefits to affordability of life?
If gold is the measure should we ask: is gold now more or less affordable than it has been in the past for the 'average' person?
(imo, we are seeing only the beginning of the inflation for Americans that will come in the next few years, and the affordability of life is in a downward trend.)
How do you think we determine expense of life so it is comparable to the past?
That measurement is the intent of the article.