Author Topic: What Will You Do When Inflation Forces U.S. Households To Spend 40 Percent Of Their Incomes On Food?  (Read 3796 times)

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Offline libertybele

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Hyperinflation is going to destroy us a lot faster than socialism ever could.




Ever since the Fed got involved and began monetizing the deficit in 2009, there is zero incentive for Congress to do anything to stop it.  They can spend whatever they like with no accountability for the revenues to pay for it.  And with zero effect on interest rates.

Hold on to your hats and don't spend a penny other than for a roof over your head, keep water and electric on and food in your bellies. Only advice I can offer. 

Again, I am urging everyone who hasn't to start stockpiling food.  Dehydrated is a good way to go --- website link below

https://beprepared.com/collections/emergency-essentials-food
Romans 12:16-21

Live in harmony with one another; do not be haughty, but associate with the lowly, do not claim to be wiser than you are.  Do not repay anyone evil for evil, but take thought for what is noble in the sight of all.  If it is possible, so far as it depends on you, live peaceably with all…do not be overcome by evil, but overcome evil with good.

Offline roamer_1

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Ok, in fairness though; during 'W's administration 9-11 hit us hard and we went to war --- $$ was needed for.  Whether or not you believe it was an inside job, the fact remains 9-11 was an exceptional time in history.


No excuse for the bailout in his last term.

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During Trump's administration, we were hit with COVID, millions were forced out of work, PPE's were needed, etc. Whether or not you believe the Chinese and Biden & company inflicted the pandemic upon us, again it was an exceptional time in history.

Nope He was spending like a drunken sailor long before the woohan flu.

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No excuse for Biden.  Trump actually got us out of Bammy's rabbit hole.  With Bammy and Biden there wasn't or isn't any exception set of circumstances other than tanking the economy!

No excuse for ANY of it. Folks think I am barking about fiscal conservatism to be contrary - That ain't true. We ain't got the damn money, and now it is starting to show. Any 'I tolja so's are eclipsed by an order of magnitude by how dire this is.

If it don't turn around, and I don't think it will, hyperinflation is right around the corner and Poof! Venezuela. It is sure as hell coming, because no one from either side is trying to fix it... And trying to justify 'our side' of it is bullcrap.


Offline Hoodat

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No excuse for the bailout in his last term.

Agreed.  But unlike the current debt monetization, the 2008 $350 billion bailout was paid back.  Compare that with the $3 trillion since Biden took office that will never be paid back.

Still can't get over Henry Paulson getting on his knees and begging Nancy Pelosi for the Fed bailout just so his Goldman Sachs buddies wouldn't be hurt.
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

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"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."

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Offline libertybele

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No excuse for the bailout in his last term.

Nope He was spending like a drunken sailor long before the woohan flu.

No excuse for ANY of it. Folks think I am barking about fiscal conservatism to be contrary - That ain't true. We ain't got the damn money, and now it is starting to show. Any 'I tolja so's are eclipsed by an order of magnitude by how dire this is.

If it don't turn around, and I don't think it will, hyperinflation is right around the corner and Poof! Venezuela. It is sure as hell coming, because no one from either side is trying to fix it... And trying to justify 'our side' of it is bullcrap.

Ok, perhaps it may seem like some justification; but first time ever in modern history we were hit with a pandemic and an attack on U.S. soil (since Pearl Harbor which is another story -- I'm working on posting).   Spending I believe was at least warranted to a degree -- the continued stimulus and bailouts could have stopped awhile ago.
Romans 12:16-21

Live in harmony with one another; do not be haughty, but associate with the lowly, do not claim to be wiser than you are.  Do not repay anyone evil for evil, but take thought for what is noble in the sight of all.  If it is possible, so far as it depends on you, live peaceably with all…do not be overcome by evil, but overcome evil with good.

Offline DB

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Ok, perhaps it may seem like some justification; but first time ever in modern history we were hit with a pandemic and an attack on U.S. soil (since Pearl Harbor which is another story -- I'm working on posting).   Spending I believe was at least warranted to a degree -- the continued stimulus and bailouts could have stopped awhile ago.

Trump gave congress whatever they wanted from day one. And they spent, spent, spent...

And a good chunk of that Covid spending was due to government destroying peoples businesses by force. Trump could have demanded that states back off destroying peoples lives. Instead he went along.

Offline roamer_1

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Ok, perhaps it may seem like some justification; but first time ever in modern history we were hit with a pandemic and an attack on U.S. soil (since Pearl Harbor which is another story -- I'm working on posting).   Spending I believe was at least warranted to a degree -- the continued stimulus and bailouts could have stopped awhile ago.

Well, not to me. I see your 'pandemic' as a construct, and I am not wrong in that. The entire thing was designed to do exactly what happened. Either Tumpy is culpable, or a fool, and neither is excusable.

Offline roamer_1

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Trump gave congress whatever they wanted from day one. And they spent, spent, spent...

And a good chunk of that Covid spending was due to government destroying peoples businesses by force. Trump could have demanded that states back off destroying peoples lives. Instead he went along.

*FACTS*

Offline libertybele

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Well, not to me. I see your 'pandemic' as a construct, and I am not wrong in that. The entire thing was designed to do exactly what happened. Either Tumpy is culpable, or a fool, and neither is excusable.

Yes the pandemic was constructed, but I have to tip my hat to President Trump; he did what he had to do to save lives. Got the PPE manufactured, etc.

Yes, he could have handled things differently to a degree, but it IS up to the states to shutdown -- If I'm not mistaken those orders come on the recommendation of Fauci.

Could have should have would have -- I think Trump did well.

No other time in modern history has the country experienced a pandemic and it hit hard. 

 Yes of course we now know, or at least most of us acknowledge it was inflicted upon us on purposed by China Joe, the Chinese and Fauci.  Did Trump put two and two together?  I believe he did, but by that time, he was responsible for the lives of all of us.

So.. yes, I'm cutting him some slack for once.

The  b.s., pandemic excuses continue which is not acceptable.  DeSantis is ending all the mandates, but individual stores are vowing to continue mandates -- it's going to get interesting.  Perhaps they can keep people from entering the store, but in the same light, it kills their business.  I'll shop elsewhere thank you very much.
Romans 12:16-21

Live in harmony with one another; do not be haughty, but associate with the lowly, do not claim to be wiser than you are.  Do not repay anyone evil for evil, but take thought for what is noble in the sight of all.  If it is possible, so far as it depends on you, live peaceably with all…do not be overcome by evil, but overcome evil with good.

Offline skeeter

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The president does not "spend" money.

And the president today can do precious little to stop congress from spending it. ESPECIALLY without the support of his party.
A president can only bring the entire federal machine, military and all, grinding to a halt by not signing the budget, which congress will happily allow a republican president to do, because it is politically suicidal and in the end will accomplish nothing.

A president can either support it or they can oppose it rhetorically. Trump could've spoken out against profligate spending, granted. But that is all.

Run in circles scream and shout, it's just the way it is.



« Last Edit: May 07, 2021, 11:47:29 pm by skeeter »

Offline libertybele

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Trump gave congress whatever they wanted from day one. And they spent, spent, spent...

And a good chunk of that Covid spending was due to government destroying peoples businesses by force. Trump could have demanded that states back off destroying peoples lives. Instead he went along.

Trump cannot make demands on the States; States have rights and the governors run the states. The President making demands would indeed make him a dictator of which Trump was accused of by the leftists numerous times.  Clearly he was not.
Romans 12:16-21

Live in harmony with one another; do not be haughty, but associate with the lowly, do not claim to be wiser than you are.  Do not repay anyone evil for evil, but take thought for what is noble in the sight of all.  If it is possible, so far as it depends on you, live peaceably with all…do not be overcome by evil, but overcome evil with good.

Offline jmyrlefuller

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It would bring things back into balance with the way it used to be, so long as other expenses don't inflate as quickly. Essentially, a reset.

Me? I've bought my seeds for the year. Hoping to have a good garden crop.
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Offline libertybele

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It would bring things back into balance with the way it used to be, so long as other expenses don't inflate as quickly. Essentially, a reset.

Me? I've bought my seeds for the year. Hoping to have a good garden crop.

I waited too long I think unfortunately to start planting now.  We are reaching the 90's early and the rains haven't come.  I need to be careful what I wish for ... rainy season and hurricane season are just around the corner.  With temperatures this hot already, I think we're in for a wild season.
Romans 12:16-21

Live in harmony with one another; do not be haughty, but associate with the lowly, do not claim to be wiser than you are.  Do not repay anyone evil for evil, but take thought for what is noble in the sight of all.  If it is possible, so far as it depends on you, live peaceably with all…do not be overcome by evil, but overcome evil with good.

Offline Hoodat

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The president does not "spend" money.

He most certainly does.  All government checks originate with the Executive Branch.


And the president today can do precious little to stop congress from spending it. ESPECIALLY without the support of his party.

The President is not Constitutionally obligated to spend a dime.  The Legislature can appropriate all the money it wants, but only the Executive Branch has the power to spend that appropriation.


A president can only bring the entire federal machine, military and all, grinding to a halt by not signing the budget, which congress will happily allow a republican president to do, because it is politically suicidal and in the end will accomplish nothing.

It isn't political suicide.  It just requires courage and conviction.  And it would be a winning strategy in the end.
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

-Dwight Eisenhower-


"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."

-Ayn Rand-

Offline skeeter

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It isn't political suicide.  It just requires courage and conviction.  And it would be a winning strategy in the end.

I most definitely disagree. One hundred percent.

Take a good look at the American electorate and its priorities.

Were a president to refuse to sign the budget chaos would ensue, follow by a candidate who would promise to restore spending. And IMO they would win in a landslide.

The American people are the only ones who can restore fiscal sanity and they will not appreciate the danger they are in until all hell breaks loose.
« Last Edit: May 08, 2021, 12:08:45 am by skeeter »

Offline DB

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Trump cannot make demands on the States; States have rights and the governors run the states. The President making demands would indeed make him a dictator of which Trump was accused of by the leftists numerous times.  Clearly he was not.

No. He has the bully pulpit to sway people like no other. In addition what states do has to be constitutional and the federal government can enforce that. I don't believe what the states did was constitutional.

Offline DB

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I most definitely disagree. One hundred percent.

Take a good look at the American electorate and its priorities.

Were a president to refuse to sign the budget chaos would ensue, follow by a candidate who would promise to restore spending. And IMO they would win in a landslide.

The American people are the only ones who can restore fiscal sanity and they will not appreciate the danger they are in until all hell breaks loose.

The evidence is in your face of what not blocking their spending has done. Either you take a stand or you don't. Not taking a stand against it is simply surrender no matter how many words are used.

Offline skeeter

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The evidence is in your face of what not blocking their spending has done. Either you take a stand or you don't. Not taking a stand against it is simply surrender no matter how many words are used.

How to you see 'taking a stand' playing out?

Offline roamer_1

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Excuses, excuses, excuses.

The place is burning down and truth lies dead in the street. But defend your princes. That's what matters.

Offline skeeter

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Excuses, excuses, excuses.

The place is burning down and truth lies dead in the street. But defend your princes. That's what matters.
Boring.

I'm defending no one. Not Reagan, not Bush, not Trump.

How about taking a swag at how your plan would play out?
« Last Edit: May 08, 2021, 12:18:50 am by skeeter »


Offline libertybele

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No. He has the bully pulpit to sway people like no other. In addition what states do has to be constitutional and the federal government can enforce that. I don't believe what the states did was constitutional.

Point made and I absolutely agree.
Romans 12:16-21

Live in harmony with one another; do not be haughty, but associate with the lowly, do not claim to be wiser than you are.  Do not repay anyone evil for evil, but take thought for what is noble in the sight of all.  If it is possible, so far as it depends on you, live peaceably with all…do not be overcome by evil, but overcome evil with good.

Offline roamer_1

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Boring.

I'm defending no one. Not Reagan, not Bush, not Trump.

How about taking a swag at how your plan would play out?

Don't care how it plays out. The logical extension of your way takes fiscal  responsibility right off the table ~forever~. That is surrender.

Offline skeeter

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Don't care how it plays out. The logical extension of your way takes fiscal  responsibility right off the table ~forever~. That is surrender.
Your refusal to answer my question is duly noted.

Offline roamer_1

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Your refusal to answer my question is duly noted.

I answered perfectly.

If no one is defending fiscal conservatism, then no one is defending fiscal conservatism - How is that anything but surrender?

Offline skeeter

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I answered perfectly.

If no one is defending fiscal conservatism, then no one is defending fiscal conservatism - How is that anything but surrender?

I'll go with Pogo on this one. You are determined to blame the president because that suits you.

He's just a cog. Its the collective WE, the American voters, who are at fault. And we're getting everything we deserve.
« Last Edit: May 08, 2021, 12:36:54 am by skeeter »