tag:blogger.com,1999:blog-6244999628674918029.post1417713879940079629..comments2024-03-28T18:32:43.699-05:00Comments on Bayou Renaissance Man: Staying afloat in an economy running agroundPeterhttp://www.blogger.com/profile/10595089829300831372noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6244999628674918029.post-9211242691929859092020-06-30T10:19:51.148-05:002020-06-30T10:19:51.148-05:00Whelp, all that money ends up in a bank somehow. ...Whelp, all that money ends up in a bank somehow. While its hyperinflationary effects are not going to show up immediately in the price of eggs and gas and consumer electronics, you'll see it in the price of things that people borrow money for: real estate (mortgages followed immediately by rent), vehicles, and higher education. It'll also show up in the price of stocks without any associated increase in actual economic value, because stocks are where people put their money to get more money. <br /><br />It's highly unlikely to show up in your salary any time soon while the CPI pretends that inflation is going along at 2%. <a href="http://www.shadowstats.com/alternate_data/inflation-charts" rel="nofollow">If we used the same methodology to calculate CPI as we did in 1980, it'd be around 8%</a>.Tirnohttps://www.blogger.com/profile/12545609711956034630noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-5487598961135037022020-06-30T09:07:17.322-05:002020-06-30T09:07:17.322-05:00Another observation: if you need a new freezer, th...Another observation: if you need a new freezer, the time to buy it is three months ago. Looks like everything's either backordered or completely unavailable.<br />I'm trying to get organized to equip a (scaled way back from original plans) home machine shop before the supply of Chinese machine tools dries up completely; those, too, seem to have a demand-exceeding-supply issue. (Logistical constraints prevent me shopping around for old American iron this time around, so I'm kinda stuck looking for new imports.)<br />And, I gotta stock up on maintenance & repair stuff for all the critical equipment. Such fun.Eric Wilnerhttps://www.blogger.com/profile/04351991168469225129noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-38518896493482319932020-06-30T08:28:11.432-05:002020-06-30T08:28:11.432-05:00Peter I am glad you did mention that President Tru...Peter I am glad you did mention that President Trump has "Advisers" giving him bad advice in even MOAR Debt. Congress is the prime mover in debt creation (who wrote the CARE Act eh? and loaded it up with so much pork?) and anytime the President tries to slow their spending he's pilloried even more in the Media as "Hurting the People". Trump is in the proverbial spot of between the fire and the frying pan no matter what he does or doesn't do.<br /><br />Your advice about getting out of debt is good if a bit late in the party for most here. The GREATER Depression is nigh as no country can print themselves out of a economic-social collapse. <br /><br />Folks real history shows how many a farmer or homeowner lost his home to "Taxes" or Debt during the Great Depression. The banker sales on the Courthouse Steps were supported by the local Sheriffs to keep things "Civil". DEBTS to the Banks AND Government will be paid. Prepare for that fact. <br /><br />Also families that did well during the Great Depression banded together living several families under one roof WORKING together to make do as they knew they could not afford the Taxes on more than one house. <br /><br />Peter knows this scripture For even when we were with you, we gave you this rule: "The one who is unwilling to work shall not eat." as well as many about busybodies causing trouble and the slothful desiring but going with out.<br /><br />Do we have the work ethic that allowed so many to survive the Great Depression? Do we have the morals needed?<br /><br />Seek out those you want to work together with. Peters advice here is excellent. Only a few short weeks until Trump is elected and Chaos occurs OR the Senile Sock Puppet is elected and the Purge Occurs. No good result either way I suspect.<br /><br />Or as my old Drill SGT said "Move it or lose it".<br /><br />Michaelhttps://www.blogger.com/profile/05329176313885665469noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-41728321334115266582020-06-30T07:07:49.382-05:002020-06-30T07:07:49.382-05:00"nothing but gilded copper". Not even ..."nothing but gilded copper". Not even up to the standard of gold coated tungsten bars. (Gold, tungsten, and uranium are fairly close to the same density.)Ritchiehttps://www.blogger.com/profile/08075903551422300106noreply@blogger.com