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Wait, How Much Have Groceries Gone Up? Government Claims 20% over 3 years. Real Life IS Closer to 100%. D.C. Is Utterly Corrupt. NIFO

Posted by freedomforall 3 months, 1 week ago to Government
29 comments | Share | Flag

The scum in D.C. HAVE to claim inflation is low or they'd be burned at the stake.
Roasting them alive would be the right response, imo.
Excerpt:
"The most startling moment in the CNN debate last week between President Joe Biden and former President Donald Trump was not from the candidates. It was from moderator Jake Tapper, who said with a straight face as if it were just the science that grocery prices were up by 20 percent since President Biden was elected.



I had a hard time getting past that moment, and I suspect that many watchers did too. Just by the way, even if the current rate is lower than the past rate, that doesn’t mean that prices are falling. It means that they are rising more slowly. For some reason, maybe people, even professional journalists, don’t seem to understand that point.

Millions were watching. Intuition tells me that millions of people were stunned and thought to themselves or said out loud: no way. Truly, is there a single living soul in America who lives on a budget, watches their spending, and who believes that their grocery bills are only up by 20 percent in three years?

Well, as it turns out, Mr. Tapper could have cited the leading authority on that statistic. It’s the Bureau of Labor Statistics (BLS) as reported by the Federal Reserve. The precise number is 20.8 percent.

The trouble is that this fits with no one’s experiences. People on social media are posting receipts showing grocery prices up by anywhere between two and 10 times that rate.

In one viral video that offered receipts, a man bought 45 items (he says a full month of groceries) two years ago for $145. WalMart’s software allows him to reorder that now. He tried it just as a test. The new price: $414.

That’s an increase in two years of 185 percent! If we stretch that to three years assuming no inflation in the first, that’s an annualized increase of 61 percent. Over two years, it’s 92.5 percent."
SOURCE URL: https://www.zerohedge.com/personal-finance/wait-how-much-have-groceries-gone


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  • Posted by fairbro 3 months, 1 week ago
    Used to get mushrooms for 59c a can. Now the can is smaller, and $2.19
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    • Posted by tutor-turtle 3 months, 1 week ago
      Food and energy has at least doubled.
      Let's not forget this fraudulently calculated rate of inflation was conceived under Jimmah Carter, to exclude the most important items in our lives... food and energy to make his disaster of a presidency look better than reality.
      This fraud continues to this day.
      Those of us on a fixed income and the working class suffer the most under this cruel hoax.
      Honesty in government is dead.
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  • Posted by $ splumb 3 months, 1 week ago
    This isn't coming from D.C., it's from the unseen elites.
    This is just the first step in paving the way to mass starvation, killing off millions, and keeping the survivors as slaves.

    Just look at what Stalin did to the Ukranians.

    "You vill eat ze bugs, und you vill be happy!"

    Soylent Green, here we come.
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    • Posted by term2 3 months, 1 week ago
      We should study Venezuela to see how the government prints money and lies to the populace. Same thing here. I don't even listen anymore to our government people. I know they have hidden agendas to give themselves more power and money at my expense.
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  • Posted by CaptainKirk 3 months, 1 week ago
    I literally did a Spit-Take when he made that comment. So did Crowder on his live stream.

    Straight up, food has way more than doubled. I was paying $10-$12/day for my all-beef diet. Usually a ribeye, or 3lbs of hamburgers.

    Now... While the hamburger patties are NOT too bad, they are like 20-25% higher. But the Ribeyes. OMG.

    $10-$12 bought a NICE ribeye back in the day. Now they cut them thinner and they are $15/lb. Pretty close to double! And the quality is falling.

    Food prices keep going up like this and our retirement will have 2 new cornerstones:
    1) Reverse Mortgage
    2) Organ Harvesting

    LOL
    We have already removed 1 meal/day.
    We've changed our shopping habits.

    Now, we can afford the food. But to suggest they average family is spending only 20% more for groceries is so far removed from reality that it strains credulity.
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  • Posted by mhubb 3 months, 1 week ago
    i am getting very tired of seeing (mostly democrat) politicians and their minions lying to us over and over and over

    the whole biden is ok lie they told for years is case in point number 1

    biden HAS NEVER been qualified to be in the oval office, the last 4 years just being much worse
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    • Posted by term2 3 months, 1 week ago
      I almost think that the powers that be led biden into the debate with no teleprompters KNOWING what would happen, in order to show his dementia and give the powers that be a way to kill off biden's viability and put in Michelle Obama or Newsom.

      They had decided that Biden was done for as a candidate and would lose to Trump. Time to make a switch, but in a way to make biden give up on his own.
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      • Posted by 3 months, 1 week ago
        Of course they did.
        If Kamel-brain wasn't VP they'd have had him Arkancided by now.
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        • Posted by term2 3 months, 1 week ago
          I think part of the agreement to run biden in 2020 was that he would willingly surrender power when the power brokers decided.

          Right now, things are in "trial balloon" stage to see the impact of his departure and the likelihood of a replacement winning against trump. Biden will have to stay as president until his term is over, though, or Kamala will wind up as president which NO one wants.. He will just NOT be a candidate for a second term. If Biden is not a candidate, doesn't that automatically throw the whole VP choice up in the air at the convention also? Kamala is OUT I think as a VP candidate
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  • Posted by mccannon01 3 months, 1 week ago
    In my lifetime (72 years) I can't recall consumer prices as a whole going backwards. There are exceptions like "computing power per dollar" and the housing crash in some areas and an oil glut can reduce gas at the pump, but most of these are short lived or are caused by special circumstances - good price reductions by free enterprise, bad stuff by government meddling.
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    • Posted by 3 months, 1 week ago
      That's because any deflation in prices would benefit the powerless serfs and negatively affect the elite and the elite are the Deep State.
      They make all policy decisions to benefit themselves and to steal from those who have no political pull.
      George Carlin was right.
      It's a big criminal gang and we aren't members.
      Time to NIFO.
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  • Posted by term2 3 months, 1 week ago
    First of all, inflation caused by money printing NEVER goes down. When the money is debased, that's IT- it is debased.

    The problem that governments have is that they try to hide the debasement through propaganda. Unfortunately for them, people go out and buy things and see first hand how much they cost.

    I can tell you that 2 liter bottles of walmart brand soda that used to cost 88 cents, now cost 1.52. Broccoli which used to be relatively cheap, now cost over $2 for ONE stalk in the produce section.

    I don't keep track of everything, but I can tell you that a trip to Costco pre pandemic cost about $250 for staples and some groceries. This past year its more like $450 for essentially the same things.
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  • Posted by VetteGuy 3 months, 1 week ago
    I've seen numerous articles and comments (not here, thankfully) that indicate people have a basic lack of understanding about inflation. They expect prices to go down because inflation has gone down. They don't get that inflation going down means prices are still going UP, just going up at a slower pace.

    And these people are allowed to vote ...
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    • Posted by term2 3 months, 1 week ago
      monetary inflation is the result of printing of money by the government, PERIOD. They would have to remove that printed money for the prices to go down, and that's NEVER going to happen. If they STOP printing money, the continual price increases will stop, but will NEVER go back down.
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    • Posted by term2 3 months, 1 week ago
      Economic policies are deliberately made complication to KEEP people from understanding them. The federal reserve is in cahoots with the government and expands the money supply in many sneaky ways. Its not about clipping the borders of the coins anymore- its all done electronically and behind closed doors. The financial people benefit from the availability of these tools the federal reserve uses, and you see the stock market going up and up as its making these people rich. Meanwhile, people who are not so rich are struggling- they don't partake of the riches of money printing by going into the stock market.
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      • Posted by VetteGuy 3 months, 1 week ago
        Yeah, I've seen a lot of ballyhoo about how the stock market is going up and setting records. Yet I've only heard ONE journalist mention that these new "records" are not corrected for inflation.

        Adjust all the numbers down by 20% or more, and they don't sound so great.
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        • Posted by 3 months, 1 week ago
          Apple is up 50,000% in this century.
          Nvidia is (was) up 25,000% in the past 10 years.

          The stock market is not up. The "magnificant seven" companies are up, and that disguises that
          many other businesses are barely surviving and many others are going out of business.
          (Mag 7 are Google, Amazon, Apple, Facebook (META), Microsoft, Nvidia, and Tesla.)
          Wall Street and the banksters are showing great profits (by stealing from everyone else) and
          paying themselves big bonuses for doing so, as usual.
          How hard is it to profit when they can just create money from nothing and the taxpayers
          bail them out when they gamble away all that unearned profit and wreck the rest of the economy.
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          • Posted by CaptainKirk 3 months, 1 week ago
            Two interesting facts about the stock market.
            1) The single best investment is to buy the indices (as ETFs), and wait. Every major dip, buy more.
            2) The original statements about the money made investing in the DOW stocks was wrong on the % they averaged (overstated). And did not factor when to exist stocks that were de-listed.

            But the key piece of knowledge you needed to know was...
            Find someone who loves you the way the FED loves the Stock Market!

            The FED knows that everyone is trained to watch the stock market. So they goose those things up, and everyone forgets how poorly they are actually doing. (they assume ONLY THEY are suffering, and others are doing great, so they keep their mouths shut). When the markets crash. Everyone feels the pain.

            But the BEST investment advice. Use Insider information LEGALLY like Congressman/Senators do. Best performance EVER! (You just need to get elected, and sell your soul to Satan)
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  • Posted by LarryHeart 3 months, 1 week ago
    Here is a simple analogy for how the Gov-mint takes your purchasing power. Think of the dollar as a balloon filled with the hot air of Politicians. This hot air is the debt owed to the banks (FED) which we are forced to use as legal tender e.g. exchanging one debt to the bank for another to the seller of goods and services. The "Dollar" is a debt token.
    When the evil fiends need to spend more they manufacture more balloons. Then they take some of the air out of your balloons to fill theirs.
    Less air means less debt to exchange. Assuming the Gov takes half of the air out from your dollar you now need two balloons to equal the exchange value that One used to cover. Voila ignore the deflation of the balloon and lie about price inflation. All bull it is Price equalization not inflation.
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    • Posted by CaptainKirk 3 months, 1 week ago
      Let me add the second obvious thing to the analogy...

      And because the balloon had value, they stored GOLD BARS in the balloon. As your balloon started to fall... It made "sense" to throw the Gold Bars over the edge to make your balloon go higher.

      (This is the logic of selling gold to get our dollars back... Happening in China, India, etc).
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