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

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Dear Valued Customers-

Due to rapidly increasing fuel and transportation costs related to current global events, we have made the difficult decision to increase our shipping and handling surcharge to $175 per shipment, effective April 4, 2022.

This increase will affect any orders that ship on or after April 4 and will remain a flat-rate fee.

Please contact your Karndean Business Manager with any questions. We greatly appreciate your partnership.

Thank you,
Bill Anderson, CEO
 
2020 - the gov't pushes consumer spending to box stores, shutting down many mom-n-pop places
2022 - hold my beer
 
Eventually... people will run out of money and business won't be able to operate.
 
Mr Stubs said:
Nothing will in our lifetime, we will just become like other third world countries.
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Possibly. or or more likely strongman/dictator comes to power and makes everything worse. From the arc our govt has been taking, I dont see anything else occurring.

Dunno. While I am also eager to get "it" over with, I am hoping some event will wake people up to return to common sense, rather than a dissolution of society as we currently know it. I dont have much faith that such a thing will actually happen, and therefore I would rather extend the downward slide to extend what we can as long as we can. Ya know, kids/grandkids and such...
 
clodhopper said:
Possibly. or or more likely strongman/dictator comes to power and makes everything worse. From the arc our govt has been taking, I dont see anything else occurring.

Dunno. While I am also eager to get "it" over with, I am hoping some event will wake people up to return to common sense, rather than a dissolution of society as we currently know it. I dont have much faith that such a thing will actually happen, and therefore I would rather extend the downward slide to extend what we can as long as we can. Ya know, kids/grandkids and such...
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If people haven't waking up by now, its not going to happen. While falling off the cliff they will continue to blame others...for example, not wearing their mask.
 
45acp said:
Exactly.

I want to see the $39,000 number 5 at McDonald's. Let's crash this piece of shit and get it over with. :laughing:
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If you want to see prices come down , that means we have to stop buying things and VERY, VERY few are willing to stop buying.

They were talking about it this morning on the news. Their point was , American's continue to buy at the inflated rate, companies have no incentive to come down.

We want the new house, we want the new truck, we want the day to day stuff. We worked for it, we deserve it, and we want it. Heck, we'll get on a waiting list for that truck we want it so bad.

But if we don't put off these purchases for a fairly long time, prices will continue to rise.

I saw a post on another forum they were encouraging people to contact their representatives. My thoughts immediate turned to, What exactly will writing a government representative do? He doesn't set the price of a car, or a home, or much of anything (unless we start talking about subsidies, and that is a WHOLE other thread)

You could possibly make a point about blocking drilling, but that is only a small part of what we are seeing.

So What are you willing to do?

What are you willing to do without, not because you can't afford it, but to make a point?

You ask a politician to do something, and his first reaction will be to try to spend our way out of it (spending YOUR MONEY) Are you willing to watch that reaction?


You say "Grumpy... we have to do something, you are "delusional" you complain with no solutions".
and I don't know.. I just bought a Honda Monkey, so If I get to preachy my own hypocrisy comes to light pretty fast, but I know what I probably need to do. I recognize I should postpone the vacation . I am going to make it an attempt to curb some spending, but I'm like y'all. I work and I want my stuff.
 
grumpy356 said:
If you want to see prices come down , that means we have to stop buying things and VERY, VERY few are willing to stop buying.
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grumpy356 said:
I work and I want my stuff.
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Apparently being frugal is a thing of the past.

Ex: I custom ordered a trailer 2 years ago, cost me almost $10k and had it in 3 weeks. I inquired about ordering another one, almost $15k and 9 months wait, fuck that I'm out.

I wanted to buy an axle for $300, wouldve cost me $150 in fuel. Nope, I'm out. I dont drive my truck unless absolutely necessary.

My spending is definitely curbed. I guess I'm poor folk though. I refuse to finance anything.
 
grumpy356 said:
If you want to see prices come down , that means we have to stop buying things and VERY, VERY few are willing to stop buying.

They were talking about it this morning on the news. Their point was , American's continue to buy at the inflated rate, companies have no incentive to come down.

We want the new house, we want the new truck, we want the day to day stuff. We worked for it, we deserve it, and we want it. Heck, we'll get on a waiting list for that truck we want it so bad.

But if we don't put off these purchases for a fairly long time, prices will continue to rise.

I saw a post on another forum they were encouraging people to contact their representatives. My thoughts immediate turned to, What exactly will writing a government representative do? He doesn't set the price of a car, or a home, or much of anything (unless we start talking about subsidies, and that is a WHOLE other thread)

You could possibly make a point about blocking drilling, but that is only a small part of what we are seeing.

So What are you willing to do?

What are you willing to do without, not because you can't afford it, but to make a point?

You ask a politician to do something, and his first reaction will be to try to spend our way out of it (spending YOUR MONEY) Are you willing to watch that reaction?


You say "Grumpy... we have to do something, you are "delusional" you complain with no solutions".
and I don't know.. I just bought a Honda Monkey, so If I get to preachy my own hypocrisy comes to light pretty fast, but I know what I probably need to do. I recognize I should postpone the vacation . I am going to make it an attempt to curb some spending, but I'm like y'all. I work and I want my stuff.
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That is only part of the issue. And my contention being it is a relatively smaller part of the issue. You can sit home and not buy anything and prices will continue to rise as the dollar continues to drop in value. Why? Govt currency printing. What we see in daily prices has more to do with inflation due to monetary expansion than supply/demand issues. And while our leaders bark out people buying things, they keep printing more money at an ever increasing pace. When the printing is questioned, you get a president who is "tired of this! " and responds to a question not asked, ie govt spending.

We are riding an economic runaway train and our leaders keep shoveling coal into an already near bursting boiler of an economy. At the rate we are printing money and throwing it away on dumb stuff, or even things that are just not absolutely essential, we keep moving closer to the point when the dollar will run away from us in lost value. It wont be long til the point where any cash in your wallet has way too many zeros on it, although we will probably be all electronic pretty soon.
 
Mr Stubs said:
Now you know one reason why I don’t have kids.
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Me having kids is why I voted Trump instead of L. I didn't really think much of the guy, but he was doing an excellent job of kicking the can down the road... thus by the time we go Mad Max my kids might be grown and able to take care of themselves.

:laughing:

I'm laughing, but also kinda serious
 
grumpy356 said:
If you want to see prices come down , that means we have to stop buying things and VERY, VERY few are willing to stop buying.

They were talking about it this morning on the news. Their point was , American's continue to buy at the inflated rate, companies have no incentive to come down.

We want the new house, we want the new truck, we want the day to day stuff. We worked for it, we deserve it, and we want it. Heck, we'll get on a waiting list for that truck we want it so bad.

But if we don't put off these purchases for a fairly long time, prices will continue to rise.

I saw a post on another forum they were encouraging people to contact their representatives. My thoughts immediate turned to, What exactly will writing a government representative do? He doesn't set the price of a car, or a home, or much of anything (unless we start talking about subsidies, and that is a WHOLE other thread)

You could possibly make a point about blocking drilling, but that is only a small part of what we are seeing.

So What are you willing to do?

What are you willing to do without, not because you can't afford it, but to make a point?

You ask a politician to do something, and his first reaction will be to try to spend our way out of it (spending YOUR MONEY) Are you willing to watch that reaction?


You say "Grumpy... we have to do something, you are "delusional" you complain with no solutions".
and I don't know.. I just bought a Honda Monkey, so If I get to preachy my own hypocrisy comes to light pretty fast, but I know what I probably need to do. I recognize I should postpone the vacation . I am going to make it an attempt to curb some spending, but I'm like y'all. I work and I want my stuff.
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biggest tax and large cause of price increases are inflation, monetary policy and bureaucracy.

People believe that companies are just charging more because they can are missing a huge part of the problem.

Government never solves a problem government created... they just shift the focus and make the problem worse.
 
Something I heard said long ago by a swede that I think is patently obvious on the surface but bears repeating since I'd forgotten it for so long;

Inflation is a tax on those who hold onto currency.

It doesn't affect you if you aren't holding onto currency. So, the ultra-rich that have people to manage their assets and don't ever hang onto a significant portion of that in cash? They don't care Their assets appreciate much faster than their cash loses value. The kind of idiot that is in debt beyond solvency? Actively rewarded by inflation, though they aren't who reaps the benefit of it, the banks are.
 
TRINDU said:
Apparently being frugal is a thing of the past.
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With many people it seems to be, charge everything to the card and then refinance it to your house.

TRINDU said:
I wanted to buy an axle for $300, wouldve cost me $150 in fuel. Nope, I'm out. I dont drive my truck unless absolutely necessary.
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Yep, truck doesn't leave the driveway without a good reason now, at 10 miles per gallon and fuel over $4.30 it costs at least $0.43 per mile just in fuel.

TRINDU said:
My spending is definitely curbed. I guess I'm poor folk though. I refuse to finance anything.
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If you finance things inflation is technically a discount because you are committed to pay a certain number of dollars and the value of those dollars decreases with inflation, but that only helps if your pay rises.

Aaron Z
 
My hope is that this shit crashes and burns so I can buy the dip. I don't even care about buying the dip. I just want a dip so that I can stick my fucking savings in the market without a high likelihood of it being cut so hard that it takes years to recover.

I'm getting particularly fucked right now because all the stuff I want to buy with my money is stuff that's going up insanely fast. Building materials is the big one.
 
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[486] said:
Something I heard said long ago by a swede that I think is patently obvious on the surface but bears repeating since I'd forgotten it for so long;

Inflation is a tax on those who hold onto currency.

It doesn't affect you if you aren't holding onto currency. So, the ultra-rich that have people to manage their assets and don't ever hang onto a significant portion of that in cash? They don't care Their assets appreciate much faster than their cash loses value. The kind of idiot that is in debt beyond solvency? Actively rewarded by inflation, though they aren't who reaps the benefit of it, the banks are.
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The highly rich and ultra rich are not scrooge mcduckin on piles of money. Generally the "wealth" value is based on all the things they possess. Sure they have some amount of working cash, but the vast majority of that wealth is invested. Businesses, real estate, bonds, whatever their thing might be. It isnt liquid and usually reasonably insulated from wild market swings (at least downward anyway), and there are people paid to watch all this. Jeff Bezos is not able to access the bulk of his wealth as it is tied up in Amazon and if he was to start cashing out for some reason, his position is so large that the act of selling some of it would cause the rest to crash in value, so kinda shooting himself in the foot. Rich people dont view things like you and me mostly because they have very different effects on decisions. Everything about the super wealthy is radically different from you and me. They dont care about income tax cause most dont get paid a salary but rather garner income through other, lower tax, means. Dont worry about rich people, trust me, they will be JUST fine.

Poor people arent often hugely impacted as they have little assets and are more used to scraping by. Not saying gas/food increases are no big deal for poor people. I am saying their situation doesnt really change. Ultra poor get income from the govt, so you know how that goes.

People with some money get the whack on inflation. You have either savings that just dwindle in value or it is small game investments that ride a falling market. Sounds like much of the middle class, right?

But the tragic side of inflation is the effect on elderly and anyone else on fixed income. What was enough to live on becomes no where near enough to live on as the dollar shrinks. Since they dont work, there is no chance for a pay bump, raise or adjustment. Even people who scrimped and saved their whole lives to afford retirement can find themselves in a situation where all that planning wasnt enough, and end up having to go back to work just to eat. Door greeter at Walmart?

So when the president says some inflation is a good thing and more is better, you should recognize from the above descriptions which group he has always been a part of and has absolutely no concept of what inflation really does to the citizens he represents.
 
45acp said:
Me having kids is why I voted Trump instead of L. I didn't really think much of the guy, but he was doing an excellent job of kicking the can down the road... thus by the time we go Mad Max my kids might be grown and able to take care of themselves.

:laughing:

I'm laughing, but also kinda serious
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This is why my 24 year old, who I have never taken hunting, wants another gun.


I didn't quote clodhopper cause that shit was LONG. :flipoff2:Kiddo is working for an accounting firm in the bay area and sees the money being moved around. You are pretty close.

On a different tangent. There are also a shitload of people indebted because of their education that assume that debt will be wiped here soon. Pretty sure that's a couple trillion that will fuck all of us honest hard working taxpayers :mad3:
 
Santa said:
I didn't quote clodhopper cause that shit was LONG. :flipoff2:Kiddo is working for an accounting firm in the bay area and sees the money being moved around. You are pretty close.
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At my job, we have a few ultra rich clients that we assist with development and construction activities. Working with these people is like stepping into a whole different world. The term we use around the office is "rich people problems" when we are flabbergasted by how money is being spent. Couple examples.

1. The wife wanted a very specific tile in her kitchen (big kitchen, this is a LOT of tile). They contracted a specialty manufacturer in Italy to make the requested tile, then paid double to contract the maker to never make it again for anyone else. That isnt the crazy part. Tile was delivered 6 months later. Wife changed her mind. Ordered a new pattern, same maker, same deal. Tile arrives and it still isnt right. Wife has architect redo entire kitchen finish plan. Both loads of tile go in a dumpster, complete loss, owner doesnt care. I cant remember how much was spent to fill the dumpster, but it was a bunch.

2. Client maintains a small fleet of learjets, dunno the actual brand, dont care. These are used by the company he owns, but they are his personal jets. A ready flight crew is on duty at the local airport at all times, 24/7. Never know when someone needs to fly to europe or the wife wants to visit the island they own, right? Anyway, the local airport was hosing him on fees (his words) to station his planes there. He realized that for what he pays in one year in fees, he could build his own jet capable air strip. So he builds his own airport along with an apartment complex for flight crews and the additional flight ops personnel to meet federal guidelines for a jet air strip. All in the meantime, the guy is more focused on building an enclosed hockey rink/ice rink near his house cause... well just cause I guess.


Rich people problems. Cray cray.
 
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