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How hard is inflation going to hit, or has hit?

I heard that the intention is to crash the world wide economy so they can wipe out all the debt . Kinda wonder if this is the end game.
 
F2504x4 said:
I heard that the intention is to crash the world wide economy so they can wipe out all the debt . Kinda wonder if this is the end game.
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If this happens, what happens to those who were debt free with money sitting in savings? Does the value go back to what it was? Dollar worthless and the new economy runs on doge coin?
 
JR4X said:
If this happens, what happens to those who were debt free with money sitting in savings? Does the value go back to what it was? Dollar worthless and the new economy runs on doge coin?
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Everyone loses. The only ones that get through it intact are those connected to political leaders who will "fund" themselves with the new currency first.
 
Norm said:
The fed is backed into a corner, crash the economy or let inflation run. Guess what they are choosing to do. :homer:
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My question is why are we still collecting individuals income tax?

The federal government brings in what, 3.3 trillion in Taxes a year and half of that is from the individual (1.7 trillion or so)

We are spending 6.5 Trillion a year and we are over 20 trillion in national debt. What's the point?
 
Norm said:
The fed is backed into a corner, crash the economy or let inflation run. Guess what they are choosing to do. :homer:
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Free market is just an idea, you do what the TV tells you.
grumpy356 said:
My question is why are we still collecting individuals income tax?

The federal government brings in what, 3.3 trillion in Taxes a year and half of that is from the individual (1.7 trillion or so)

We are spending 6.5 Trillion a year and we are over 20 trillion in national debt. What's the point?
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Fear. Fear if I dont write a check in the next week or so, the fed wants to ruin my life. ATF will also kill my dog.
 
thedirtman said:
I just placed an order for tube, its up another 16% since last month. That makes it up 61% since November. Diesel is up 63% since last year. Housing market it stupid as well as building supplies. I feel 2007 all over again. Once people have to start paying their rent and mortgages and the Fed starts raising interest rates the boom will be over.
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And up another 100 per ton this morning. No end in sight, total madness.
 
The dollar is going to toilet paper soon. Any spare money I have is invested in 4 different cryptos and they are going up like crazy.
 
"Devalue the currency, you devalue the man's labor, devalue the man's labor, you devalue the man"

Seen that in comments in another forum a couple years ago, stuck with me





I think I'm going to buy bundles of rebar, stacks of roofing sheet metal, and getting a quote for concrete today.
 
Also I'm suddenly getting a lot of interest in my fixer upper backhoe. But don't want to sell it if inflation runs away. 2big bronco had a pretty good suggestion, sell it high, and turn right around and finance a new skid steer or baby kubota tractor.
 
Fullsize80cherokee said:
The dollar is going to toilet paper soon. Any spare money I have is invested in 4 different cryptos and they are going up like crazy.
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thats great, until its not. all you're invested in is an "idea". basically, a pump and dump scheme. i wish you luck and to cash out before it comes crashing down.
 
Projectjunkie said:
"Devalue the currency, you devalue the man's labor, devalue the man's labor, you devalue the man"

Seen that in comments in another forum a couple years ago, stuck with me





I think I'm going to buy bundles of rebar, stacks of roofing sheet metal, and getting a quote for concrete today.
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Got a dozer to stick under that or do we need to keep an eye out for a good candidate?
 
Texas97 said:
thats great, until its not. all you're invested in is an "idea". basically, a pump and dump scheme. i wish you luck and to cash out before it comes crashing down.
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you're suggesting that he cash out of crypto before it crashes... into a currency that is currently... crashing? :confused::flipoff2:
 
JR4X said:
Got a dozer to stick under that or do we need to keep an eye out for a good candidate?
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Sometimes reasonable men must do unreasonable things:flipoff2:


I'm not there yet.


If you find a skid steer or mini ex LMK
That's the kinda shit I'll need
 
F2504x4 said:
I heard that the intention is to crash the world wide economy so they can wipe out all the debt . Kinda wonder if this is the end game.
Click to expand...

I'm thinking more along the lines of unfunded liabilities, now they can pay social security and pay pensions

Also, globalists have wanted a unified currency for years, but you'd have to sell it to the people of several 1st world nations at the same time. People accept shitty things when they are desperate, I suspect that they will tank several nations currencies simultaneously, and usher in the new digital currency

Digital is key, because it's tracked, and can be taxed, and can be cancelled.

I don't believe Facebook or bitcoin came to be organically, I think the nsa or CIA created it, put some character out front, zuck, and the mysterious satoshi, and get people to buy in, accepting it as normal while they data mine and track.

Remember when crypto was supposed to be untraceable and untaxable? Like catching wild hogs, throw feed down on Monday. Monday night you put up a fence panel and throw feed down. 2 panels. 3 panels. 4 panels and a gate. Close the gate. I think we're getting close
 
Projectjunkie said:
Sometimes reasonable men must do unreasonable things:flipoff2:


I'm not there yet.


If you find a skid steer or mini ex LMK
That's the kinda shit I'll need
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Where I live those things have been non existent for a while. Used machines cost more than new because of the computer controlled emissions stuff.
 
clodhopper said:
Everyone loses. The only ones that get through it intact are those connected to political leaders who will "fund" themselves with the new currency first.
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Those with tradable assets will come out all right, Unless the gov comes to "redistribute" said assets..
rockota said:
uyou're suggesting that he cash out of crypto before it crashes... into a currency that is currently... crashing? :confused::flipoff2:
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So what are you going to cash out your crypto for when actual cash is worthless?
 
Roc Doc said:
The cost of pallets has more than doubled this year, pallets, fucking pallets.
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Still free here... Is there a market for used pallets where you're at where it would be profitable to bring a trailer load?
 
Juztyn00 said:
Still free here... Is there a market for used pallets where you're at where it would be profitable to bring a trailer load?
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Good question. My folks live next to a place that stacks them by the dozens almost everyday.
 
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Some asswipe put the tv on headline news this morning. I was in the breakroom for a coffee and they were running a segment on why groceries were so expensive. I told the hippy girl also refilling her coffee that I bet they won't say it's because min wage increased, they dumped trillions of newly money into the economy, and then made us OPEC's bitch again. Even she admitted that they wouldn't say that.

They said gasoline prices, labor shortage, and increased demand. I'm thinking how the fuck do you claim increased demand? In the last 3 months was there a birth boom I'm unaware of or have they claimed COVID didn't kill enough now? Then I'm wondering who the fuck has a gasoline powered delivery truck. Then labor shortage? we are paying people to sit at home. How the fuck do these channels keep selling adds? I turned the channel and went on with my coffee, but credit where it's due, even hippy girl said "I think your explanation had more merit." She literally has a tat that says go out and hug a tree. If that person can see through the bull, who are you selling to?
 
junkytj said:
Some asswipe put the tv on headline news this morning. I was in the breakroom for a coffee and they were running a segment on why groceries were so expensive. I told the hippy girl also refilling her coffee that I bet they won't say it's because min wage increased, they dumped trillions of newly money into the economy, and then made us OPEC's bitch again. Even she admitted that they wouldn't say that.

They said gasoline prices, labor shortage, and increased demand. I'm thinking how the fuck do you claim increased demand? In the last 3 months was there a birth boom I'm unaware of or have they claimed COVID didn't kill enough now? Then I'm wondering who the fuck has a gasoline powered delivery truck. Then labor shortage? we are paying people to sit at home. How the fuck do these channels keep selling adds? I turned the channel and went on with my coffee, but credit where it's due, even hippy girl said "I think your explanation had more merit." She literally has a tat that says go out and hug a tree. If that person can see through the bull, who are you selling to?
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I am at the point where I dont believe they are even selling anymore. Seems like they feel they are unopposed and dont have to even try. The biden administration is the same. Answers to questions dont even have the cover of a partially plausible excuse. Just outright inaccuracies or flat lies. News orgs the same, who is gonna call them out? News is just talking to fill air time. Advert purchasers dont care what the channel carries, just how many people they can get in front of. The world is just going through the motions with no repercussions.
 
There is another missile breaking the horizon. Financial institutions are starting to withhold funding for projects as they feel the cost of materials is too high. Self-funded projects like the $38b chip plant I mentioned earlier should still progress, but they may not be able to get the quantiles of materials they need. They're scraping the desert now, doing the grading, city water supply, etc., but what if they can't get enough rebar, concrete, HVAC, etc.?
 
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