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Question Is this our new "normal"??? Higher gas prices, higher food cost

Question Is this our new "normal"??? Higher gas prices, higher food cost

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by: Musicmaker Active Indicator LED Icon 4 OP 
~ 1 year, 10 mos ago   Jun 28, '22 11:28am  
Is this our new "normal"??? Higher gas prices, higher food costs for smaller packages, etc. Will this continue?
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NJ99221 Active Indicator LED Icon 3
~ 1 year, 10 mos ago   Jun 28, '22 12:03pm  
Will this continue you asked !!!!! 2 more years !!! and then it is up to us
to get some new residents in Washington !!!!!!!!!!
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Megyn1 Active Indicator LED Icon 3
~ 1 year, 10 mos ago   Jun 28, '22 12:07pm  
So true. It will be up to us in 2 years.
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CPres Active Indicator LED Icon 3
~ 1 year, 10 mos ago   Jun 28, '22 1:34pm  
Let's remember this come November.....
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Patty18 Active Indicator LED Icon 2 App
~ 1 year, 10 mos ago   Jun 28, '22 3:24pm  
@Musicmaker: I got gas at Costco (Friendswood) $4.19 this morning. Walmart 35 was $4.27
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Patty18 Active Indicator LED Icon 2 App
~ 1 year, 10 mos ago   Jun 28, '22 3:25pm  
@NJ99221: so true! Run red run!!
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damascus1986 Active Indicator LED Icon 6
~ 1 year, 10 mos ago   Jun 28, '22 6:35pm  
@Musicmaker : look less at Washington and more at the federal reserve . crummy government policy is a factor, no doubt it contributes but it is secondary to the man behind the curtain.
 
this was may 2020 before the current administration was put in. no one voted for this ( although they did add additional stimulus bills on top of that later)
www.youtube.com/watc h?v=mrjoElG8KGI
 
IMO " the new normal" is honestly worse than just higher and higher prices when they bring things down ( and that looks to be tightening now with the fed hikes again no one voted for the actions of the fed) prices may come down a good bit but with that will come job losses , foreclosure and repossessions. prices may very well come down but so will employment and people will have even less to buy things.
 
i do expect the FED to pivot and start printing and lowering rates at some point when it gets bad enough. I believe when that happens we will be much closer to the goal and the real purpose of most of this the CBDC.
Powell 5 days ago
www.youtube.com/watc h?v=OnI5D5KRbko
 
people like to think their favorite politicians can save them. ANY choices by a politician come secondary to the expansion and contraction of the currency supply.
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cocosmom Active Indicator LED Icon 5 App
~ 1 year, 10 mos ago   Jun 28, '22 7:48pm  
Well said dam
@Musicmaker : look less at Washington and more at the federal reserve . crummy government policy is a factor, no doubt it contributes but it is secondary to the man behind the curtain.
 
this was may 2020 before the current administration was put in. no one voted for this ( although they did add additional stimulus bills on top of that later)
 
@damascus1986: well said. Government "Red Tape" is a big Variation, but not the master mind. Agree that additional funding was critical for businesses to stay afloat and individuals to take care of their families. It's too bad it will take longer to get back on track then it did to get off track. Sadly it took a long WHILE to grasp the Covid issue and get on top of it.
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cocosmom Active Indicator LED Icon 5
~ 1 year, 10 mos ago   Jun 28, '22 9:12pm  
Musicmaker : look less at Washington and more at the federal reserve . crummy government policy is a factor, no doubt it contributes but it is secondary to the man behind the curtain. this was may 2020 before the current administration was put in. no one voted for this ( although they did add additional stimulus bills on top of that later) www.youtube.com/watc h?v=mrjoElG8KGI IMO " the new normal" is honestly worse than just higher and higher prices when they bring things down ( and that looks to be tightening now with the fed hikes again no one voted for the actions of the fed) prices may come down a good bit but with that will come job losses , foreclosure and repossessions. prices may very well come down but so will employment and people will have even less to buy things. i do expect the FED to pivot and start printing and lowering rates at some point when it gets bad enough. I believe when that happens we will be much closer to the goal and the real purpose of most of this the CBDC. Powell 5 days ago www.youtube.com/watc h?v=OnI5D5KRbko people like to think their favorite politicians can save them. ANY choices by a politician come secondary to the expansion and contraction of the currency supply.
 
@damascus1986 :
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damascus1986 Active Indicator LED Icon 6
~ 1 year, 10 mos ago   Jun 28, '22 9:14pm  
@cocosmom : in many ways i think they shouldn't have stimulated . Honestly we shouldn't have shut down ( gasp) we killed 100,000 small business by doing this
Bad companies need to fail while the stimulus helped for a while the longer term effects will end up being worse.
they could have allowed this to correct in 2008 but printed and compounded the issues now they have done so again eventually they wont be able to do it anymore .
 
imo the taking a while to grasp the covid issue was on purpose its very convenient that the world shutdown shortly after the repo markets spiked late 2019
 
www.bankrate.com/ban king/federal-reserve /why-the-fed-pumps-b illions-into-re
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ScrollMan Active Indicator LED Icon  New Member App
~ 1 year, 10 mos ago   Jun 28, '22 9:21pm  
@NJ99221: Amen to that. 👍
But the last 2 years I've seen ignorance to be wide spread and not a very high rate of improvement. 🤷🏼‍♂️
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ScrollMan Active Indicator LED Icon  New Member App
~ 1 year, 10 mos ago   Jun 28, '22 9:38pm  
@Musicmaker: This administration would "LIKE" for it to be our new normal.
 
Remember that in 2 years.
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Blackbird Active Indicator LED Icon 4
~ 1 year, 10 mos ago   Jun 28, '22 10:07pm  
@Musicmaker : Will it continue? My dad once told me, nearly 40 years ago, long after I was an adult, "I'm sorry, you've never experienced a year without inflation." He was born 100 years ago this year, and when he was young you bought a house and it went down in value, like a car or anything else.
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ShanghaiJack Active Indicator LED Icon 3
~ 1 year, 10 mos ago   Jun 29, '22 11:05am  
Musicmaker: This administration would "LIKE" for it to be our new normal. Remember that in 2 years.
 
@ScrollMan : Remember that this November!
Seriously, local elections matter. What our children are learning in school also matters…
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Dorothy Active Indicator LED Icon 7
~ 1 year, 10 mos ago   Jun 29, '22 11:30am  
Musicmaker : Will it continue? My dad once told me, nearly 40 years ago, long after I was an adult, "I'm sorry, you've never experienced a year without inflation." He was born 100 years ago this year, and when he was young you bought a house and it went down in value, like a car or anything else.
 
@Blackbird : www.npr.org/2022/02/ 13/1080464204/this-i s-what-was-happening -40-years-ago-t
 
The last time inflation was this high, Ronald Reagan was in the White House, Olivia Newton-John was all over the radio, and the cool new computer was the Commodore 64, named for its 64 kilobytes of memory. Oh, and there was a new soft drink about to hit the shelves.
 
RONALD REAGAN: Now, we've just had two years of back-to-back double-digit inflation - 13.3% in 1979, 12.4% last year. The last time this happened was in World War I.
 
HORSLEY: So by the standards of the '70s and early '80s, today's inflation rate actually doesn't look that bad.
 
SNELL: So it was coming down. How did policymakers get control of inflation back then?
 
HORSLEY: Well, it was pretty painful medicine delivered by the Federal Reserve. Paul Volcker, who was appointed Fed chairman by then President Carter, was determined to break the back of inflation, and he was willing to push interest rates sky high to do it. To give you an example, in 1981, mortgage rates soared to 18%. As you can imagine, that was pretty unpopular. Angry homebuilders scrawled protest notes to Volcker on the backs of wooden planks. But the Fed chairman stuck to his guns.
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