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Thats a 23lb piece of meat. That $17.99/lb price at Costco has been the norm for many years here for Prime. If that was $28/lb, now you have my attention.Still on the up swing š you nailed it!
Its nice to be right, but it still hurts when you're betting on the collapse of the world reserve currency.Still on the up swing š you nailed it!
Iāve never paid over $160 for a whole prime rib before. I do not believe $18 a pound to be the norm until this last year.
Shrugs. They accept it as trade today, they can verify market value of both "assets" today, so they accept trade. The lights are still on, the store shelves are still 65% full at only 23%inflation and portion sizes are a good 83% of what they were, most cities aren't on fire, most fuel pumps have fuel at only 170% of last year prices, the music still plays on the tilting deck of the titanic.
That's the plan, I see cheap physical silver as the most undervalued asset on the planet, the byproduct of a massive fraud on wall street and central banking, when the panic starts, that train will leave the station forever.
I hope so. I think Iām poised to take advantage of a crash. I am not poised to take advantage of this hyperinflation wave.
Yet the market is up the same day the inflation data is released.
Those newly printed dollars gotta go somewhere.
"Excluding food, energy and trade services prices rose 0.7% for the month, putting core PPI at 6.9%, also the largest gain on record. "Wholesale prices measure rose 9.6% in November from a year ago, the fastest pace on record
The Labor Department's producer price index was expected to rise 9.2% in November from a year ago, according to FactSet.www.cnbc.com
"Excluding food, energy and trade services prices rose 0.7% for the month, putting core PPI at 6.9%, also the largest gain on record. "
Gov't: we don't include the stuff that increases fastest in our calculations...
www.shadowstats.com
The method for calculating inflation keeps changing to disguise the problem.
Alternate Inflation Charts
I have a picture of a prime from 2018 from Costco, $15.99/lb. So yeah, its gone up a bit, but not a whole lot.
Agreed. Inflation calcs are really a review mirror thing. You can determine how bad it was, but not how bad it is or will be. Usually it is worse than anyone projects at the moment.Of course it is, but even with it being covered up as much as possible, the numbers are still not good at all.
Just imagine how bad they really are.
Things are going to crash hard if we continue down this same path that we've been on.
It is dumb to exclude stuff. We all still have to pay for that stuff. I can't skip eating for a month and not put gas in my car. Morons."Excluding food, energy and trade services prices rose 0.7% for the month, putting core PPI at 6.9%, also the largest gain on record. "
Gov't: we don't include the stuff that increases fastest in our calculations...
to those I see on the other side.....
I've been told this going on two years now. There are certainly waves, but its been no wheres near what people have tried to panic about.
think of it this way...
I fall in this camp. Yes, it sucks, but i think its going to be a 2-3 class crash and impact. Those with decent jobs /households at 85k + /yr will survive and be OK. Possibly get a little tighter in the pocketbook but not problematic. Then those below that point who are going to struggle BIG TIME as they cant afford to drive, eat, pay rent etc. Then there will be those at 200k + household who dont notice at all.
Oh, I do all over that. I've got three freezers in the basement. Two are stocked full. The third is about half. I buy 40 cans at a time of veggies. Drumsticks on sale for 79 cents a pound? I'll but 15 packages. Bags of rice. I'm confident I could roll out six months without groceries. Closer to a year with rationing.
address, please?
2 years now? Look where we were a year ago compared to today. If the trend continues its going to get real bad.
Pretty much, yawp. I have means to make money. I've got tenants. They pay on time every month. Sure, the rent is $200 cheaper than the other places on the road, but I'm not playing that game. I find myself not buying new PC games every week, or throwing parts at the motorcycles. Usually I'll bike one motorcycle a year and rotate out another, but I kept everything this year. That sort of thing. So yea, I've cut back but like everything else, in Internet land, its the end of the world and we're all doomed.
I'll go full The Road if I have to. So, don't hesitate to swing by.address, please?
I'll dress as a deer... and waltz right in.I'll go full The Road if I have to. So, don't hesitate to swing by.