From my point of view, statistics, reports, analysis, projections, and other references on inflation are bogus. I use the Walmart bag weight to dollars spent to determine such things. At this point, I've either gained a lot of strength, or my money is buying much less that is being reported by inflation statistics. I'd never notice a 3% to 4% difference in weight, which makes me think the actual difference is somewhere around 25%. To my fixed income, that's unacceptable, and somebody needs to have their ass whipped for this nonsense.
I gauge prices and inflation the same way, Jess.
ReplyDeleteYet Biden claims we "have the money," we just don't want to spend it.
Source: https://transcripts.cnn.com/show/ebo/date/2024-05-08/segment/01
They really think we're that stupid.
Inflation, like any tax, is thievery. Unlike outright robbery, it's burglary while the homeowner is asleep.
Deletecoffee went up 27% this month so they took it off the consumer price index list, just like gas. i follow the cost of rice, pasta, and beans, the bare basic building blocks. rice up 50%, beans up 75, pasta nearly 100. i started getting my second retirement, adding 75% to my income. inflation ate it all up and i'm back in the same spot as before.
ReplyDeleteTo me, one of the most evil actions of the government is the inflation allowed to become rampant. To make it worse, those that are most complicit don't answer to taxpayers.
DeleteThey're admitting today that it isn't even remotely contained.
ReplyDeleteThey've lost control and the inevitable crises will happen.
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