Loading ...but crooks are keeping us at bay again.
Bitcoin down after vicious bounce yesterday.
When are we going to explode?
Richard 9:05
I’m no computer guru but maybe your computer has a memory so somehow you need to erase the memory or cookies or something that brings you back. Only thing is maybe email the link to yourself cuz when you do it will also erase current memory or passwords to current things.
A ZH reader=It’s astonishing to see every day that NOTHING HAPPENS… NOTHING CHANGES..
After the 2008 Depression, in 2009 I thought we were done for. Then in 2010, I thought … no way the FED can hold the line. Then came 2011, 2012, 13, 14, 15…… I never would have thought they could keep this listing Titanic afloat for as long as they have. Of course, they have trampled every sound economic theory and money practice into the dirt doing so, but so far they have muddled along. I don’t see why this can’t go on for at least a couple more years, inflation or not.
Mr Copper
How do you assume costs just caught up. On average the value of money goes by half every 20 yrs so costs can double.
We’re not seeing 20 yrs with gradual increases. Not in Calif anyways even with mass exodus which are easily replaced with immigrants now illegally bussed in since Obama. It’s getting harder for illegal immigrants here because of costs so their spreading out to more affordable areas along with the demo voters that just don’t get it turn more states blue until they paint themselves in a corner.
We’re not talking about 20 yrs with gradual wage increases followed by housing increases. This is artificially priced up and will likely cause a backlash that will break the banks and then the communists in office can use it to impose digital central bank currency on us with further control over our lives and personal income and eliminate cash all together. Meanwhile they’ll make it harder and harder to own property.
Good news! The FED says inflation temorary=As a 77 year old with a very ill wife and on a fixed income (SS + some savings)
As a 77 year old with a very ill wife and on a fixed income (SS + some savings), it’s sickening watching inflation eat away at our remaining life. It’s a good thing I worked and saved like a dog to become debt free (no loans, paid off house). But COSTS are going up all around us. The big ones are:
Property tax – just got the reappraisal – County doubled the land value, improvements increased a few percent. Maybe 10% increase overall.
Insurance – auto/home is up 10% for this year.
Medicare and supplemental coverage – Sup. coverage increased for us several percent. Medicare+supplemental ins.+ Part D drug coverage costs us $9 K out of pocket. Wife’s drugs are $4 K out of pocket. (and don’t suggest we switch to a Medicare Advantage plan – picking qualified doctors and having choices is important to us)
Since I do all the grocery shopping and handle our finances, I see “sneaky” increases almost everywhere (groceries, utilities, services, etc).
One thing I have noticed…..I have NOT seen any price or cost go down in recent memory.
Oh, we are way better off than most folks we know who are in our age group.
But hey that’s a very fragile equilibrium that will cause very very bad consequences when/if it goes belly up.
The only solution lies within the US and its population… to invert the direction, before everything explodes on their… on our face.