Is The Only Way Out Of This Mess Deflation/Depression?

Apparently you did else you would know the Constitution guaranties we are a federal republic and not a democracy and you will not even find the word democracy in the Constitution or the DoI.

 

We are a constitutional federal democratic republic. Note the word "democratic."

 

We are a Federal Republic, no Democratic in it. We are guarantied a Republican form of government not a Democracy. You don't vote in any national election or on any national issue. You have some democratic processes in your state but not on the federal level. You don't even get to vote on the President and have no right to do so, you vote for other people to choose the President and only at the good graces of your state legislature they don't have to let you.

 

We are a constitutional federal democratic republic.

It's pointless explaining to you why you're wrong, so I won't bother.

 

Read Federalist Paper No. 10.

 

Let's not get sidetracked on labels.

SUFFER PEASANTS. GAIA IS ANGRY: UDSA Raises Food Price Forecast to Highest Level in 42 Years, Third Wave of U.S. Food Inflation Will Dwarf Prior Price Increases.

This isn't just a left wing screw up, this is Biden and the Dems deliberate sabotage of the US economy.

​

Ready to pay a $1 for a single egg? Or $12/doz? "That is the context for the scale of food price increases the USDA is now starting to predict. The highest predicted change in food costs in well over 40 years, that’s the USDA warning in their revised May “Food Price Outlook”." [DATA HERE]

"When the USDA predicts egg prices increasing by 19.5 to 20.5% (from where those prices are now), there will be regions with much higher retail increases than estimated."

"Just two months ago, USDA had egg inflation at 2.5%-3.5% range, year over year. Again, that’s the scale of change; from a 3.5% forward outlook to a 20.5% forward outlook effective right now."

"Food at home (grocery store) prices: up 7% to 8% in this monthly review, versus the April outlook of a rise of 5% to 6%." Look for the USDA forecast to rise again in June.

​

They drip this out in increments, you see these estimates continue to jump. We could soon be paying prices for food that were as unfathomable as $7/g gasoline, just a matter of months ago.

"Poor people, solid upper middle-class working families with kids who are already being hit hard by gasoline, energy, housing and grocery store increases. Another twenty percent increase in food costs can easily become a crisis."

Exactly. It's already a crisis for the folks on the lower end, but this is rapidly climbing the quintiles.

The Left's deliberate attack on the American Economy: "The core issue is this snowball of production costs inside the field to fork supply chain. Diesel prices, fertilizer prices, energy prices, seed and feed prices, all of it has doubled and tripled in less than a year."

As prices climb, and supply shrink, different distribution centers will quickly become critical infrastructure, look for the shock troops of the Left: Antifa/BLM to begin firebombing and destroying those critical stores of food warehousing and transport.

"Add in transportation and distribution costs that have doubled, and all of that cumulative impact is going to flow through the food supply chain from the field to the processor (wholesaler), and into the supermarket. Fresh foods, especially in the produce section, will catch many people off guard."

Start Prepping:

​

After the bubble pops, deflation/depression/layoffs/bankruptcies.

 

Due primarily to household debt. The working and middle classes without debt or rents, are still doing okay.

 

They're going hard on the incrementalism, because they know the mentally lazy (90%+ of consumers) will 'not notice'. People are aware life is costing more, but they see it as just a bit of bad weather. They don't get anywhere near putting all the pieces together and considering how it will impact their ability to survive going forward. They just keep paying double for the stuff they like .. which is exactly what Govt wants them doing.

It's a litmus test of your Govt's moral worth. If they're watching the poor pay $10 for eggs today, and SAYING NOTHING, it's because they want them paying $12 tomorrow. That's the work of the freaking devil, right there.

 

No, tens of millions of Americans are falling out of the middle class. This is a disaster for our country.

 

BECAUSE of their debt. Because of personal profligacy, encouraged and enabled by those with an interest in the failure of the middle class.

Remeber that you're talking about people who are mortgaged or pay rent, and who then compound their danger with car finance (a financed car is a car you can't afford), and even refinancing to fund indulgences like renovations, holidays, boats, etc.

 

They (the corporate overlords) don't see it that way. It's a huge win for them, if the middle class become part of the underclass.

 

How many Americans are earning in the middle quintile today, and how many were earning in the middle quintile a decade ago?

 

While it looks to me like you were right about this a decade ago: overall real median income dropped for 13 years ending in 2012

​

And for the last decade you have been wrong about this, as overall wages have been rising for a decade.

​

 

They make less money than they did years ago. Are they responsible? In many cases not.

 

More women are working.

 

The same number because the quintile is 20% of the people—well, counting the overall population increase.

 

~ Sad but true ... I believe it is all orchestrated by design.

 

In many cases they are, but it is part of a larger plan.

 

Absolutely it is. And it's no 'conspiracy', they're quite open about it.

The greatest danger to the oligarchy, is an independent working and middle class. When people are not indepted to the system (either via actual debt or via dependence), they cannot be easily controlled. Since it's the working and middle classes who made the most gains towards independence last century, they're the enemy this century.

The 'poor' man who owns land, is a huge threat.

 

I appreciate that. I hadn't considered that, and it tracks pretty well through the downturn from '99 to '12, but, while there is some tracking through the upswing swing since 2012, clearly the gains have far outpaced the increase in the percentage of women working.

​

Now part of this might be the increase in pay that women are enjoying. While my own experience is merely anecdotal, it seemed to me to be the rare exception for the wife to be out earning the husband a decade ago, whereas now, I know a large number of people who have wives who earn far more than they do.

Check this out:

​

I think you solved it. While both men and women have gained in real wages, women's wage gains outpace men. The downturn in median household income from '99 to '12 was while fewer women were working, though the women that did work were enjoying the strongest wage gains of the workforce. Then when more women returned to the workforce, precovid, household income picked up strongly.

Your thoughts?

 

~ Exactly how can we be sure about this ? Do we have the facts correct ? Maybe we should not jump to conclusions...​

" It depends on what the meaning of the word ' woman' is ... "

​

 

We were nearing the end of a long expansion before covid and reflected in a small increase in real wages during Trump's Presidency. You see the increase in overtime and second jobs reflected in higher household income. If you look carefully at the graph, you can see where the economy was reaching the point of a slowdown in 2019.

There are two major reasons to invest here—increase capacity for exports and increase capacity for domestic consumption. If we want to make our economy grow more quickly, we need to increase investment and/or the skills of employees to improve output. Without growing incomes here to increase demand, there's little reason to invest in greater production for domestic consumption.

I won't go into the steps necessary to increase incomes here, but we need to put more money into infrastructure that increases economic output per man-hour. A worker sitting idle in traffic, bogged down in government red tape, or restricted by production bottlenecks or delays caused by businesses doing what's in their interest (price fixing, market rigging) all restrict output.

Deliberate delays caused by environmentalists making political statements or businesses trying to prevent change are doing real damage. Pols on both sides contribute to the problem.

The people causing problems love the left-right conflict because they can get people to stop thinking and not effectively pressure government to change things. I could give you a long list of things the left and right are doing to damage the economy.

 

I agree with all that. And yes the list is long, but, in my experience the key is focusing on a few achievable key things, accomplish that, then build from there.

 

I don't blame people for trying for the moon, but that's not my way.

We're only stewards of our system and need to accept those who come after us will have their own ideas of how they want things. Heck, if we keep our minds open, we might even agree with some of their thinking.

Some, I don't like. Spending every last dime and worrying about the old credit score seems to be popular with many of their crowd. I can't see it myself.

One thing I can't abide is the "protest" stuff. Cutting police budgets makes no sense when we have increasing crime.

What the hell is with Uvalde, Texas? School district police in a town of 15,000 people? I want real cops with Big Guns. The thought of a little child bleeding out while the damn school police stand by outside makes me gag. An unarmed teacher put herself between the sicko and those children while the armed police stood around.

Reminds me in a small way of me calling school district maintenance after school when a student told me a light switch was hot. Yeah, I could have disconnected the switch, but there are union jobs and all. So, the guy says thanks and he'll get around to it next day. I told the SOB I would wait no more than one hour and then deal with it myself. Everything was locked up and I had no idea where the breakers were, anyway. He told me I wasn't allowed to do anything and I told him I wasn't going to let the school catch fire and he could beef it if he wanted.

If you don't want to do the job, don't take it.