Impact of inflation
- Thread starter Roosh
- Start date
I had a friend that found out the needed a new car battery and alternator put on their car. I have had this done in the past, 20 years ago, this was probably a $300 job with labor. So, I imagined it would be about $500 to $600, due to the out of control inflation. They said "no, they quoted me $1,200, but they understand I can't afford it and gave me every discount they could find and knocked it down to $1,050".
WHAT?!? I asked, a car battery is like $100, and this is a pretty easy job for a professional mechanic, there is no way it should be anywhere close to that much.
Nope, I was wrong, car batteries have more than doubled in price since I last bought one. This was a 4-cylinder compact car, and I googled the battery price, and it is over $200 now. This cannot continue.
WHAT?!? I asked, a car battery is like $100, and this is a pretty easy job for a professional mechanic, there is no way it should be anywhere close to that much.
Nope, I was wrong, car batteries have more than doubled in price since I last bought one. This was a 4-cylinder compact car, and I googled the battery price, and it is over $200 now. This cannot continue.
- student loan forgiveness ending
- housing most unaffordable since 1980
- Russian/Ukranian emigration has caused spiralling increases of costs of living in Europe, UAE, Kazakhstan
-- in Serbia, at least, people have had to put off going to university (maybe not a bad thing) because they can't afford to pay rent in the cities
- the 2020- stimulus money is about to run out in a few months (according to the Fed)
- China slowing
- $900 per household cost of Ukraine war
- mass immigration forcing up prices and lowering wages
- encouraging people to move to cities
- university scam
- credit card debt at all time high
- 40% of top 2,000 US stocks are money-losing companies
If the MSM was beating it into people how they need to talk about this, they'd never stop. Unless Orange gets in...
I'm on Moldova. Was very cheap when I was here a few years ago. Really nice apartments for $500 per month. The kind that would cost maybe ten times than in NYC. Now they are about $1,250.
I think there will be a significant deterioration in 2024.
- housing most unaffordable since 1980
- Russian/Ukranian emigration has caused spiralling increases of costs of living in Europe, UAE, Kazakhstan
-- in Serbia, at least, people have had to put off going to university (maybe not a bad thing) because they can't afford to pay rent in the cities
- the 2020- stimulus money is about to run out in a few months (according to the Fed)
- China slowing
- $900 per household cost of Ukraine war
- mass immigration forcing up prices and lowering wages
- encouraging people to move to cities
- university scam
- credit card debt at all time high
- 40% of top 2,000 US stocks are money-losing companies
If the MSM was beating it into people how they need to talk about this, they'd never stop. Unless Orange gets in...
I'm on Moldova. Was very cheap when I was here a few years ago. Really nice apartments for $500 per month. The kind that would cost maybe ten times than in NYC. Now they are about $1,250.
I think there will be a significant deterioration in 2024.
I've been saying it, likely with you, for the better part of this year - but you were always more of a "it'll degrade and they'll print and put off a collapse" until later in the decade. By the time we see what happens in 2024, even if it is not a frank collapse, it won't matter. Next year will be a big enough departure from how good things used to be, that I think we'll really be feeling it on all angles. I also think that the people who didn't move out of the big cities will really be sweating life in general, and they'll really be sad that they didn't listen to guys like us, telling them the first thing you can and should do is get out (especially of the big diverse and pension laden/broke cities).
What's the solution to the inflation crisis? There's no doubt in my mind if people earn more they will just raise prices. Every single hobby and recreational activity tries to milk us as well unless you do something simple like going on walks.
Anyone affiliated with the car industry is basically a crook. Dealers, mechanics, insurance, suppliers, car rentals, tow trucks. The good people are the exception, not the rule. Anyone can do a car battery themselves and alternator is also pretty easy although it can be very annoying to get to the bolts. The parts are expensive but they can potentially last long. People that drop thousands at the mechanic are crazy. The manufacturer has a labor time estimate and that's what they all go by. If you can plug my tire for 30 dollars while making me wait an hour, I'm not going to pay you 10 hour labor for something you're going to do in 3. I see them trying to milk the brake replacements especially. If you're an actual mechanic you can probably do brakes in an hour or less. A regular guy can do it in his garage 2-3 hours.
It was already a massive problem, but in 2020, when our govt. bailed out Blackrock Financial to the tune of $5 trillion, that was the straw that broke the camel's back. You can't hand out money like that, to keep the stock market bubble propped up, and not have massive inflation.
There is a thread here on the issue, but most videos discussing how it was done are deleted very quickly.
Blackrock Roosh Thread
The only fix is to redistribute wealth from the top back to the middle. But the DNC doesn't do this, instead they take a tiny fraction of the wealth and give it to welfare recipients and immigrants. And the GOP claims this is "sOcIAliSm" and the greatest evil on the planet, but some how bailing out big banks and Wall Street with our tax money isn't "socialism".
I suspect this is going to be the general trend now. My take is that the main goal of the powers that be is population reduction. Everything they do and promote leads to that. It seems that birth rates are really taking a hit.
I don't think I've ever seen any Western government do anything to promote a normal life - a sensible education/apprenticeship, a pathway to home ownership, a family. Just as the basics. They don't even give lip service.
It would not be overly difficult to make good progress on those goals, but it's not going to happen in this system.
I presume they will be back to money printing in 2024-26, which should take the edge off, but this creates asst bubbles, which skew purchasing power to the upper class.
The west is already communist. It's even official in a way, they call it a mixed economy. It's an atheist state, politicians are ashamed to talk about religion. The west only tolerates religion, that's the official position and they're not ashamed to tell you if anyone is willing to listen. There's no free elections, not that they would make a difference anyway. Bureaucracy is out of control. There's already price controls, monopolies and over-regulation. Private property is accessible but it's state controlled. The state regulates your private life. Women have to contribute to the state. Yet according to some that's not a form of communism. Communism is when they turn your kids gay or genocide white people or something. That's the bar for entry in their mind.
The west is basically communism without ideology from the middle down, while at the top it's feudalism. The only advantage to the west is you can luck out and enter a well paying industry but that's only because there is a demand for highly-skilled labor. As soon as these people are replaced by machines or oversaturation you will find an absence of capitalism.
If you're not smart enough for that then you can opt out for what I see people brag about on Youtube. There's all these service-based start-ups, especially in some form of manual labor, that allow a person to siphon money from either the middle class or corporations. Find out how you can make 1000 dollars a day doing landscaping. Oh wow, that's amazing, tell me more how I too can charge a family $300 for 2 hours of my time? Totally sustainable economic model.
I think the biggest problem in the west, economically speaking, is access to credit and usury. Other problems seem to be flaws with capitalism itself. The biggest problem with capitalism is the whole cost-to-value is totally out of whack due to the technological leap. You can make big money doing very little, and make little money doing a lot.
If we're going to have socialism anyhow, least people can do is demand a fair socialist system, instead of pretending imaginary capitalism is under attack.
100% agree on this. Every basic premise of capitalism has been violated by the federal government over the past 4 years (one could argue they've done so since 2008). Recently, I have been studying the book "wealth of nations" by Adam Smith, and it's made me realize how absolutely devastating the federal government's money printing policy has been for the middle class, and that inflation will never end as the entire system is now built around the premises of MMT. I think Covid levels of federal spending are the new norm, and wouldn't expect inflation to come down in our lifetimes, or as long as the federal government exists...
The USA is absolutely a feudal society now, in terms of real wealth (which is measured in labor required to gain something) as owning real assets or wealth creating capitol is impossible for ~98% of Americans. 40 Acres of alfalfa yielding land in the west goes for millions now... But everybody still thinks that $100K/year is good money. Sadly, there isn't a political solution to this I fear. But I have great hope in knowing that feudalism is the natural human condition, and while America has been the exception, Jesus Christ came to save those trapped in the human condition.
dicknixon72
Pelican
You could replace "car" with "food" "clothing" "entertainment" "home repair" and make the same weak argument. Sure, a car battery is easy to change...mostly. Change one in a Chrysler Cloud Car or 200; oh wait, its buried behind the front wheel and bumper cover. Change one in a BMW/MINI, wait why is my battery light still on? Oh, I have to register the battery to the car's computer with a diagnostic scanner.
Look at the other side of the argument - someone rolls in for 'quick easy brakes' with a 2004 Sequoia that's spent its entire life until last year in Massachusetts and now everything is rusted together or snaps off when you touch it. Suddenly those $250 brakes become $2500, but the shop is totally ripping me off, nothing to do with my abject lack of maintenance over the past five years of pad slaps.
There is good and bad in every industry and business. Remember, like any other industry, most of the people are small players, employing 1-20 people at most trying to eek out a living. If you're going to be mad at anyone, be mad at the big corporate goliaths like Tires Plus and the like who inflate parts by 300% and labor at rates higher than a comparable luxury marque's factory store.
You can find decent indy shops in any locale who are willing to do the work at a fair price, often out of their own property. Same goes for most services in general.
Yes. We say it all the time but few really think about the debt levels and the interest this year, which will be at least 700 billion. Next year it may easily be 1 trillion, which is just funny. If you don't see how this unfolds, just listen to Lyn Alden about fiscal dominance. Basically, we have a war time (fake) economy but don't have a unified country socially, or are we even in a war. Of course, the cov scam was a type of war. And what @Cynllo says does explain it all, it is the one ring that rules them all = depop. But the spending from the Treasury has to continue and it will, that's why the Federal Reserve doesn't matter even if it did matter or wasn't in on it in some way. There's no other choice when all bonds due is go up yield-wise, which they have to because inflation ain't goin' nowhere, but staying the same or up. Either way, the math has them by the balls. So they will print. With yields continuing to rise, there will be very few stocks that people even consider, so deflation is a sure thing in the equity markets, at least index wise. The passive people will get crushed. The funniest part in all of this is how most people will react during the next 2 halvings for BTC when they see what becomes of it. Watch, and I'm going to repost this when it happens - there will be one last denial next year, and then it'll be the funniest and dumbest meme show in the history of the internet afterwards.
Yes, it is very similar in many ways. Is that you, Mr. Piepenburg? I love that guy - he was on a roll in that recent Palisades interview.
I used to be in the car industry. I'm not going to go into details but I've seen what it's like. Corporations and big money customers haggle you down to almost nothing while anything on the consumer end is marked up. The stand-alone customer is the meal ticket if you operate in both markets. Sometimes you get the reverse such as body shops where the insurance is the meal ticket, while the customer may just get the short end of the stick. Everyone understands this and acts accordingly. It's not an ethical industry.
You have to understand that the cost is always passed down to you the consumer. So anything unethical happening you will be paying for, in any industry. Yes, people are trying to survive how they can but the whole system is rotten to the core. I'm not going to go to $$$-4-gold just because the guy has a family.
From a practical point of view....
I went from spending $800 a month to feed my family (5 growing boys and a newborn + me and my old lady) to $1200-$1500....
So when people tell me the economy is improving and inflation is under control... I want to punch them in the face.
Now imagine not making a lot of money relative to the national average and having a large shovel to dig out the debt trench from...and compare to a family trying to make it on 75k combined income with 50k in student loans.... or even 75k with out student loans...
Inflation is the tool by which those with power wipe out your savings and destroy your ability to retire.
I went from spending $800 a month to feed my family (5 growing boys and a newborn + me and my old lady) to $1200-$1500....
So when people tell me the economy is improving and inflation is under control... I want to punch them in the face.
Now imagine not making a lot of money relative to the national average and having a large shovel to dig out the debt trench from...and compare to a family trying to make it on 75k combined income with 50k in student loans.... or even 75k with out student loans...
Inflation is the tool by which those with power wipe out your savings and destroy your ability to retire.
The running joke between my wife and I nowadays is that she swears she only spent the budgeted amount on groceries and nothing more—even though the amount of bags coming home is less and less.
At this point it’s going to be very hard for me to be sympathetic if the elites have their Marie Antoinette day.
I’m reminded of one of the Horatio Hornblower novels, where he is commanding a ship full of rice. Its hull is breached by a cannonball and the ship takes on water, but that’s not the worst part. The rice begins to expand and weigh down the ship, taking on more water as it does so and the problem compounds. That’s how it feels trying to stay afloat in the west right now.
Great reference. best one ive seen in a while.
God bless you. Not an easy task raising a big family like that in modern day USA, when everything is set up against you.
We got Choppa out here doing his part and then some.
haha well.... I tell my Mexican neighbors I'm keeping Texas Anglo one baby at a time.
Kids are expensive... but their labor is cheap
N°6
Ostrich
Inflation isn't going anywhere without a ban on usury.
Even if usury wasn't banned, such an economic system requires jubilee years (a Biblical "Great Reset") otherwise the gap between rich and poor would create a Gini coefficient at Tinder's levels.
To ban usury, the false Left - Right dialectical process in politics needs to be overhauled (especially the false US Liberal - Conservative one).
How can anything be conserved if "all for one and one for all" is deemed to be Communist by beltway boomer conservatives and nihilist libertarians? Usury was always aligned to sodomy by ancient and medieval philosophers so Adam Smith favoured sexual liberalisation for the new era of chaos capitalism (Tinder came from Grindr).
Hence, "usury and sodomy, the Church condemned as a pair, to one hell, the same for one reason, namely that they are both against natural increase", Ezra Pound noted with a glance on sodomites and usurers sharing the same circle in the Inferno. "Natural increase" is my definition of capitalism and in the words of GK Chesterson, the problem is that there are not enough capitalists and Pope Leo XIII wrote, "As many as possible of the working classes should become owners." If you work for a living or produce something of value - you are working class and the WEF wants you to own nothing and be happy.
How can one consider oneself to be liberal and against the man and the oppressor when one's ideology is funded by NGOs, scab migration labour smugglers, tax-exempt Foundations, Big Pharma, global banks and every listed corporation on the ESG pay roll ("Scratch a liberal and find a closet aristocrat" [Frank Herbert])?
Inflation not only is the result of the loss of the value of currency, it has caused the collapse in the value of university degrees (funded by student usury), the devaluation of the trades and the devaluation of young men at the bottom 80% of the dating market.
Even if usury wasn't banned, such an economic system requires jubilee years (a Biblical "Great Reset") otherwise the gap between rich and poor would create a Gini coefficient at Tinder's levels.
To ban usury, the false Left - Right dialectical process in politics needs to be overhauled (especially the false US Liberal - Conservative one).
How can anything be conserved if "all for one and one for all" is deemed to be Communist by beltway boomer conservatives and nihilist libertarians? Usury was always aligned to sodomy by ancient and medieval philosophers so Adam Smith favoured sexual liberalisation for the new era of chaos capitalism (Tinder came from Grindr).
Hence, "usury and sodomy, the Church condemned as a pair, to one hell, the same for one reason, namely that they are both against natural increase", Ezra Pound noted with a glance on sodomites and usurers sharing the same circle in the Inferno. "Natural increase" is my definition of capitalism and in the words of GK Chesterson, the problem is that there are not enough capitalists and Pope Leo XIII wrote, "As many as possible of the working classes should become owners." If you work for a living or produce something of value - you are working class and the WEF wants you to own nothing and be happy.
How can one consider oneself to be liberal and against the man and the oppressor when one's ideology is funded by NGOs, scab migration labour smugglers, tax-exempt Foundations, Big Pharma, global banks and every listed corporation on the ESG pay roll ("Scratch a liberal and find a closet aristocrat" [Frank Herbert])?
Inflation not only is the result of the loss of the value of currency, it has caused the collapse in the value of university degrees (funded by student usury), the devaluation of the trades and the devaluation of young men at the bottom 80% of the dating market.
I’m not number six but we will certainly get more of the same, big banks getting bailed out, more conflicts and proxy war with Russia and perhaps China ,
Oh are you asking what hsppens when we run out of money and cannot keep up the charade anymore? That’s a very good question,
It will be a credit crunch initially similar to what has been going on in Australia and Canada : real estate/rent and food costs go up, wages stay flat and we all go broke but a few billionaires and string pullers get richer, sort of the way Bill Gates had the foresight to buy up a lot of the farmland
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