Warren Buffet: Inflation is here.

[the_real_Barleycorn]

Historically inflation has been very, very low since the 1970s. That doesn't mean shit when the price of gasoline doubles in a year or the price of groceries goes up by 60, 70, or 100%. No inflation for 30 years doesn't mean shit when it goes up. Ask the Germans or the Venezuelans.

[LexusLover]

Originally Posted by the_real_Barleycorn

That doesn't mean shit when the price of gasoline doubles in a year ...

About a month ago .... as in early April .... a tow driver I know told me that they just raised their rates due to increased "fuel costs" .... the increase was about 25%.

In April and May of last year grocery stores, Sam's, Walmart, Target, and Cosco were increasing their prices ... due to "supply" issues.

The new tax law hasn't passed.

Bitten said yesterday that everyone making under $400,000 wouldn't pay any taxes!


If taxes are increased on .. grocery stores, Sam's, Walmart, Target, and Cosco .... the consumers will pay the increase.

Bitten lied again!

[rexdutchman]

^^Right of course But some are to ignorant to understand the fact

[nevergaveitathought]

an analyst at Bank of America

says transitory hyperinflation is a real possibility

https://www.economicpolicyjournal.co...ransitory.html

"at the very least transitory hyperinflation is ahead"

she didn't define "hyperinflation" but that is professionally considered to be 50% per month or more

Harvard professor Greg Mankiw, who has the top best-selling economics textbooks on the market, writes in his Principles of Economics (fifth edition) text that "hyperinflation is generally defined as inflation that exceeds 50% per month."

Paul Krugman in his macroeconomics textbook (third edition), written with his wife Robin Wells, states that hyperinflation occurs when "prices rise by thousands or hundreds of thousands of percent..."

of course krugman is krugman

buy your toilet paper and beans and rice and millet and sorghum and cheese and water now

think germany in the weimar republic days

[rexdutchman]

Shhh , don't tell the progressive liberal retards

[Tiny]

Originally Posted by LexusLover

In April and May of last year grocery stores, Sam's, Walmart, Target, and Cosco were increasing their prices ... due to "supply" issues.

The new tax law hasn't passed.

Bitten said yesterday that everyone making under $400,000 wouldn't pay any taxes!


If taxes are increased on .. grocery stores, Sam's, Walmart, Target, and Cosco .... the consumers will pay the increase.

Bitten lied again!

Good post. Stephen Moore, the economist, says around 70% of the tax increase on corporations and businesses will be passed onto the consumer and taken out of employees wages.

[bambino]

I’ll limit my income to 399,000 when Joey Bribes passes his tax law. According to him, I won’t pay a penny in taxes!!!!


https://www.foxbusiness.com/politics...-pay-taxes.amp

[DesWad]

Inflation has been around forever. Past 30 years it has arrived via asset bubbles and usually in oil and gas. Now we have lumber, housing, and manufacturing which are not necessarily bubbly but way above average appreciation

[nevergaveitathought]

Originally Posted by bambino

I’ll limit my income to 399,000 when Joey Bribes passes his tax law. According to him, I won’t pay a penny in taxes!!!!


https://www.foxbusiness.com/politics...-pay-taxes.amp

the old goat constantly misspeaks

you cant hold the incompetent to a legal contract

[Strokey_McDingDong]

I used to be able to buy blowjobs for 5 cents.

[Unique_Carpenter]

Originally Posted by nevergaveitathought

the old politician constantly misspeaks
you cant hold the politician to a legal contract

Fixes that for ya

[nevergaveitathought]

Originally Posted by Unique_Carpenter

Fixes that for ya

I don't get it