Biden’s Stimulus is sending inflation through the roof!

[xfactor]

New York(CNN Business)Worries about sudden inflation spikes are keeping investors and economists up at night. Their concerns aren't baseless: Inflation is indeed rising in the United States, government data for producer pricesshowed Friday.

The question on everyone's mind remains: Is inflation a temporary sugar rush from stimulus or is it here to stay?

The US Producer Price Index, which measures sale prices for goods and services, climbed 1% on a seasonally adjusted basis in March, the Bureau of Labor Statistics announced Friday. That was a steeper rise than February and greater than economists had expected.

Prices for finished goods increased by the largest amount since the government started tracking that specific measure in 2009.

The biggest driver was a sharp 8.8% jump in gasoline prices.

Year-over-year, producer price inflation stood at 4.2%, the largest increase since September 2011, nearly a decade ago.

"While a surprise to consensus and our forecasts, it is not too unexpected to see much stronger goods prices," given high demand and global supply chain issues as economies reopen, said Citi (C) economist Andrew Hollenhorst in a note to clients.

Inflation has become the bogeyman of the moment. Investors worry that as the economy fully reopens, sudden price spikes fueled by pent-up consumer demand could force the Federal Reserve to rethink its monetary policy. The central bank has dismissed this concern, saying that price spikes will be only temporary as the economy gets back to normal.

Despite those reassurances the scenario Wall Street is concerned about is a sudden increase in interest rates to counteract suddenly high inflation.

Although these worries had a tight grip on the stock market just a few weeks ago, investors were calmer on Friday.

The 10-year Treasury bond yield, an indicator for interest rate expectations, was only slightly up at 1.64%. That was enough to send the tech-heavy Nasdaq Composite (COMP) index a bit lower. But the broader stock market remained in record territory, with the S&P 500 (SPX) gaining enough ground to put in on track for another record.

"Yet with supply chain bottlenecks and the economy's broad reopening fueling gains, the Fed is likely to continue to sit on its hands with policy as it awaits to see whether the recent pickup will have staying power beyond this year," said Wells Fargo (WELLS FARGO) economist Sarah House.

Source: https://www.cnn.com/2021/04/09/economy/us-inflation-rising/index.html

 

[Supersav]

Smh

 

[xfactor]

Are We Headed For A Hyperinflation?
Some think the U.S. is set to achieve an inflation rate of 1,000% or more

• FACEBOOK
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By
JIM PROBASCO

Published March 03, 2021
Hyperinflation, generally described as a series of rapid, excessive, and out-of-control price increases, is rare in developed countries. That's because a true hyperinflation has to meet a high bar—an inflationary rate of 1,000% or more per year, according to most economists.1

The U.S. Federal Reserve System (FRS) says an annual inflation rate of 2% is "most consistent with the Federal Reserve’s mandate for maximum employment and price stability."2

The inflation rate in the United States in 2019 was 1.81%. The projected rate is 0.62% for 2020 and 2.24% for 2021. The highest annual rate of inflation in the U.S. since 2010 was 3.14% in 2011.3

KEY TAKEAWAYS

• Hyperinflation is out-of-control inflation, in which the price of goods and services rises at an annual rate of 1,000% or more.
• Hyperinflation can be caused by an oversupply of paper currency without a corresponding rise in the production of goods and services.
• Some people believe the U.S. is headed toward hyperinflation due to past and possible future government stimulus behavior.
• Experts, in general, do not believe hyperinflation is likely.

Economic Equilibrium and Inflation
In the world of economics, equilibrium is a theoretical state in which supply and demand are in perfect balance. In simple terms, the number of items for sale equals the number of people who want to buy them. When economic equilibrium is out of balance (which is pretty much all of the time), it's called disequilibrium. One possible cause of disequilibrium is inflation.

When disequilibrium is caused by inflation, prices for goods and services go up, reflecting the imbalance between supply and demand. The net result of inflation is a decline in the purchasing power of your money. Inflation is why an item that costs $1 today might cost $1.25 a year from now. For most people, this is just the way things are.4

Hyperinflation: Inflation Gone Amuck
Hyperinflation is different. Hyperinflation is inflation on steroids. With hyperinflation, that $1 item today might cost $10 or $50 in a year.1According to Anders Åslund of the Peterson Institute for International Economics, hyperinflation only happens under very special circumstances, including the breakup of a currency, after wars, when fiscal authorities lose control, or when wild populism prevails.5

One of the most striking examples of hyperinflation in history happened following World War I in the Weimar Republic of Germany. By attempting to pay war reparations and grow the economy at the same time, the German government printed so much money that a huge gap between supply and demand developed, resulting in an inflation rate of 322% per month or an annual rate of more than 3 billion percent by November 1923.6

The table below illustrates the impact of normal annual inflation (2%) and hyperinflation (1,000%) on the prices of some of the items in the basket of goods and services covered by the Consumer Price Index (CPI), used to calculate the inflation rate in the U.S.7

Item/Service	2020 Price	2021 Price With 2% Inflation	2021 Price With 1,000% Hyperinflation
Cup of coffee	$2.00	$2.04	$22.00
Gallon of milk	$3.50	$3.57	$38.50
Men's shirt	$60.00	$61.20	$660.00
Insulin (vial)	$95.00	$96.90	$1,045.00
55-inch television	$400.00	$408.00	$4,400.00
Two-bedroom apartment rent	$2,000.00	$2,040.00	$22,000.00

Source: Writer Calculation8

Causes of Inflation
Economists recognize two main causes of inflation: cost-push and demand-pull. Cost-push inflation happens when the cost of production increases (e.g., from higher costs of raw materials or wage boosts). This results in an increase in prices for goods and services since manufacturers pass their price increases along to consumers. With cost-push inflation, prices are "pushed" up by rising production costs.

Demand-pull inflation happens when supply is limited compared to demand. Demand can go up due to a strong economy, a natural disaster, or an oversupply of money. In these instances, demand outpaces supply and "pulls" prices higher.4

Causes of Hyperinflation
The two primary causes of hyperinflation are (1) an increase in money supply not supported by economic growth, which increases inflation, and (2) a demand-pull inflation, in which demand outstrips supply. These two causes are clearly linked since both overload the demand side of the supply/demand equation.

The increase in money supply is typically caused by government action, such as what happened in Germany in 1923. When the government injects money into the economy, hyperinflation can result. The demand-pull inflationary effect often happens primarily because people have more money, creating a willingness to pay higher prices, which increases demand.9

Hyperinflations are Rare
Hyperinflations, as illustrated above, can be fiscally catastrophic to a nation. Fortunately, they are very rare. Åslund goes so far as to refer to hyperinflation as "an irrelevant concern for ordinary monetary policy."5

Hyperinflation can happen when the government prints more money in response to a crisis, as during the Weimar Republic. The crisis doesn't have to be a war. It can be a poor economy, disease, natural disaster, or even a sense of panic that causes people to hoard. This, of course, lowers supply, which increases demand.

Any of these factors, when carried to an extreme, can result in hyperinflation. As Åslund notes, however, this rarely leads to hyperinflation under ordinary monetary policy.10


Inflation and hyperinflation happen only when prices in general go up. If coffee alone went up 1,000%, for example, that would be due to some other factor, such as a catastrophe somewhere in the supply chain, not a sign of hyperinflation.4
Nevertheless, Rumors Persist
Despite the high bar to achieve hyperinflation, there are those who suggest that's exactly where the United States is headed. Here are samples from recent internet blog posts, displaying various approaches:

"[…] if markets realize that the U.S. economy has become addicted to monetary stimulus and 'can’t get off the drug,' then expectations for the long-term path of the monetary base will be revised up, leading to what could be the most severe inflationary outbreak in modern U.S. history." — Andrew Wurtis11

"Deficit-to-outlay ratio tops 60%, above the hyperinflationary threshold of 40%."12 — Albert Sung

"Eventually all major Nation State Empires go down and their people lose confidence in their leaders and, in tandem, the money they issue. It has happened in Ancient Babylon, in Egypt, China, Rome, various leading nation states in Europe, and it will eventually hit the U.S. when the American people decide that they would rather live their lives as a free people rather than as slaves to a unpayable national debt whose interest will eventually consume more of the federal budget than military expenditures." — Joseph Holleman13

Is the United States Actually Headed for a Hyperinflation?
Some members of the general public may think so. But most authorities say, "No."

Economist Asher Rogovy attacks the persistent internet rumor that the U.S. is printing too much money and that this will lead to hyperinflation.

Says Rogovy, "In the U.S., the central bank does not pay debt with the money it creates. Rather, it lends money at its targeted interest rate and the private sector employs that capital more productively. The money created is paid back, which is a crucial reason this monetary policy doesn't produce hyperinflation."

Professor L. Burke Files of Hayek Global College suggests that hyperinflation is unlikely in stable economies like the U.S., in part due to cost-control factors made possible by a world economy. "The interconnected nature of the world," Files says, "is the 'pressure relief valve' for most nations. Those nations that print an absurd amount of money, like Zimbabwe—or try to manipulate their currency and restrict trade, like Argentina—become the outliers."

"I don't think we'll see inflation stay as low as the Federal Reserve's inflation outlook of just 2%," says Jim Pendergast, senior vice president of altLINE. "That said, I doubt we'll see the kinds of hyperinflation touted in these apocalyptic article headlines. It'll be a mixed bag due to a specific set of circumstances lingering from COVID."

Finally, attorney Steven J.J. Weisman, Esq., addresses what he calls the potential "scam" side of some internet hyperinflation rumors. "Sometimes stories like this are perpetrated merely to be outrageous enough to lure people into reading the stories which may be posted on sites where they earn advertising dollars according to how many clicks they get," says Weisman.

 

[godofwine]

Anyone who has taken a business class or an ECON course knows this is bullshit

"What Is Hyperinflation?
Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy. While inflation is a measure of the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month" (investopedia)

What we are facing an economy post pandemic is the reality that millions of companies lost money, and what do companies not like to do? Lose money even if losing money is completely understandable, they don't want to lose money

Their reaction to losing money is to raise prices on everything they sell or fire as many people as they can to recoup as much of their losses as possible

This has nothing to do with Joe Biden. Love him or hate him as a person or president, this has shit to do with him

Companies want their money back. They want their pound of flesh even if they have to take it off of our bones.

The poorest will suffer the most, and up the chain after that

 

[Mrfreddygoodbud]

New York(CNN Business)Worries about sudden inflation spikes are keeping investors and economists up at night. Their concerns aren't baseless: Inflation is indeed rising in the United States, government data for producer pricesshowed Friday.

The question on everyone's mind remains: Is inflation a temporary sugar rush from stimulus or is it here to stay?

The US Producer Price Index, which measures sale prices for goods and services, climbed 1% on a seasonally adjusted basis in March, the Bureau of Labor Statistics announced Friday. That was a steeper rise than February and greater than economists had expected.

Prices for finished goods increased by the largest amount since the government started tracking that specific measure in 2009.

The biggest driver was a sharp 8.8% jump in gasoline prices.

Year-over-year, producer price inflation stood at 4.2%, the largest increase since September 2011, nearly a decade ago.

"While a surprise to consensus and our forecasts, it is not too unexpected to see much stronger goods prices," given high demand and global supply chain issues as economies reopen, said Citi (C) economist Andrew Hollenhorst in a note to clients.

Inflation has become the bogeyman of the moment. Investors worry that as the economy fully reopens, sudden price spikes fueled by pent-up consumer demand could force the Federal Reserve to rethink its monetary policy. The central bank has dismissed this concern, saying that price spikes will be only temporary as the economy gets back to normal.

Despite those reassurances the scenario Wall Street is concerned about is a sudden increase in interest rates to counteract suddenly high inflation.

Although these worries had a tight grip on the stock market just a few weeks ago, investors were calmer on Friday.

The 10-year Treasury bond yield, an indicator for interest rate expectations, was only slightly up at 1.64%. That was enough to send the tech-heavy Nasdaq Composite (COMP) index a bit lower. But the broader stock market remained in record territory, with the S&P 500 (SPX) gaining enough ground to put in on track for another record.

"Yet with supply chain bottlenecks and the economy's broad reopening fueling gains, the Fed is likely to continue to sit on its hands with policy as it awaits to see whether the recent pickup will have staying power beyond this year," said Wells Fargo (WELLS FARGO) economist Sarah House.

Source: https://www.cnn.com/2021/04/09/economy/us-inflation-rising/index.html

All that you wrote is

THE RESULT of inflation,

inflation is code word for

FOREIGN CRIMINAL CORRUPT OCCUPIERS acting,

PRETENDING to be a govt..

is

STEALING OUR TAX DOLLARS, HENCE NO AUDIT OF THE IRS.


what you see is the people being forced to PICK UP THE TAB

AFTER BEING ROBBED BY THE IRS every year...

there is NO LAW THAT SAYS WE HAVE TO PAY INCOME TAX

never has been...

they only enforce it because the majority of citizens are

dumbed down through their indoctrination system...

and dont understand simple CIVICS....

if they KNEW their CAPITAL,

YOU KNOW WHERE THEIR GOVT IS

IS ON FUCKIN FOREIGN LAND

WITHIN THIS LAND

and NOBODY QUESTIONS THAT SHIT...

the IRS refuses to tell us WHAT THE FUCK

THEY ARE DOING WITH OUR MONEY

and WHERE ITS GOING

BUT THEY WANT TO PASS LAWS TO PEEP into your bank account...

BUT NO LAWS PASS TO AUDIT THEM


see how fuckin DUMBED DOWN we fuckin are, we fightin each other over

stupid shit like complexions, religious beliefs, fuckin worthles

fiat notes..

instead of coming together so

WE ALL COULD KICK THESE FUCKIN CRIMINALS

OUT AND GET A TASTE OF TRUE FREEDOM

fuck a liberty up the ass..

FREEDOM and HUMAN RIGHTS

we really need to stop and realize we are all

pieces on THEIR chessboard, being manipulated

to fight each other at OUR expense

and their parasitic benefit....

this is a NEW AGE

a NEW REALITY...

thier spell cant do shit in this

Aquarian Age...

the old ways of the piscean age

is dead..

no matter how much they try to revive it..

all the shit that used to work

is NOT working anymore......

Let Us Rejoice and say

AMEN

still work to be do,

you gotta get right,

if you aint eating Gods food,

that he made from the earth,

you know, green leafy veggies, root veggies,

eating lots of fruit..

if you eat a lot of man made processed shit,

then you begging for the man made problems

that come with it..

the war is alreay WON,

but if your Mind Body and Soul aint right,

you wont know the difference and side

with the sinking ship team...!!!

that has been trying to kill yo ass

all this time..!!

 

[Mrfreddygoodbud]

Anyone who has taken a business class or an ECON course knows this is bullshit

"What Is Hyperinflation?
Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy. While inflation is a measure of the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month" (investopedia)

What we are facing an economy post pandemic is the reality that millions of companies lost money, and what do companies not like to do? Lose money even if losing money is completely understandable, they don't want to lose money

Their reaction to losing money is to raise prices on everything they sell or fire as many people as they can to recoup as much of their losses as possible

This has nothing to do with Joe Biden. Love him or hate him as a person or president, this has shit to do with him

Companies want their money back. They want their pound of flesh even if they have to take it off of our bones.

The poorest will suffer the most, and up the chain after that

dont let that mindfuckery fool you,

inflation is what happens when a criminal foreign entity

we foolishly think is our govt, allows our resources

to be ripped from us, and given away to the vatican

by way of england..

bruh Most folks dont even know what a papal bull is,

OP does tho.....

this country is being pimped and everytime we

call this fuckin crooked bunch of TRAITORS

are govt,

we are helping them steal OUR MONEY!!!

INFLATION = US citizens tax dollars being stolen, and them left to foot the bill...

 

[VAiz4hustlaz]

@xfactor You called it.

 

[xfactor]

@xfactor You called it.

I was hoping to not be right on this but it was just too many economic problem indicators pointing to it happening. I think inflation rates now will have doubled before the end of 2022 Q1.

 

[comment101]

dont let that mindfuckery fool you,

inflation is what happens when a criminal foreign entity

we foolishly think is our govt, allows our resources

to be ripped from us, and given away to the vatican

by way of england..

bruh Most folks dont even know what a papal bull is,

OP does tho.....

this country is being pimped and everytime we

call this fuckin crooked bunch of TRAITORS

are govt,

we are helping them steal OUR MONEY!!!

INFLATION = US citizens tax dollars being stolen, and them left to foot the bill...

Have you ever been incarcerated and read a lot of books?

 

[christop]

Imagine believing this is because of the stimulus. This fucking country is doomed lol.

 

[Walter Panov]

The current state
of inflation is due to breakdown in supply chains and nothing more.

/thread

 

[Mrfreddygoodbud]

Have you ever been incarcerated and read a lot of books?

Uh if you are a u.s.a citizen your ass in incarcerated too..


to answer your question no, Ive never been incarcerated,

but yes I read a lot of books.. the states record on me,

is fuckin spotless, not that it matters to me..

or makes me better than people who have.

Just out of curiosity why do you ask???

 

[godofwine]

I see why they call you X-Cactor

 

[gman4gov]

Biden has spent $1.9billion. Trump spent more than $6 billion, last year alone;
how is the inflation Biden's fault if Trump is the one who poured in 75% of the
money?

agree. I thought Trump had a stimulus as well? DoD has over 700 billion in spending? Why not take that?

 

[Darrkman]

All the same ADOS fags talking to themselves in a thread. Y'all are desperate.

Anyway is Xfag still using terminology that only white racists use? Any more talk of globalists?

What you thought we'd forgotten that you post from right wing sites and were using white replacement theory buzzwords on here just last week?

 

[dagoon121]

This will never happen. The US has not produced anything for 25 years.
The reason why there has not been any inflation is that it currency is the
world reserve currency, and however much of it is printed simply is sent
to the rest of the world where it spurs econmic activity. The current state
of inflation is due to breakdown in supply chains and nothing more.

freddy was correct.

 

[dagoon121]

that feed america commerical dont sit right with me at all, its always the germs covid

/thread

inflation is the current excuse. it been theft on the people for ages

 

[Mrfreddygoodbud]

freddy was correct.

bondage

PSSSSST... you want to know secret....you said the KEY WORD

BONDAGE...

wait till these folks wake up and realize..

OUR BONDAGE has EVERYTHING to do with...

US TREASURY BONDS....

you got a birth certificate..

and you accept the slave status of negro/black/indian/colored/mullato/african american

and NOT the Indigenous American NATIONAL Moor you are...

YO ASS IN BONDAGE AND ITS BEING TRADED ON WALL STREET!!!

but thats another topic for another time...

this fact scares the agents on the board, they get paid to keep

us ignorant of this fact..

 

[killagram]

Uh if you are a u.s.a citizen your ass in incarcerated too..


to answer your question no, Ive never been incarcerated,

but yes I read a lot of books.. the states record on me,

is fuckin spotless, not that it matters to me..

or makes me better than people who have.

Just out of curiosity why do you ask???

My record is broken...I have fucked up so much...Police wait til backup arrives to even come to my window... especially in white counties... brah

 

[trstar]

Imagine believing this is because of the stimulus. This fucking country is doomed lol.

Yep. Pure right wing fuckery. Trump totally blew up the deficit, and no one said shit. Unpaid tax break, crickets.
Now Biden helps out the average American during the pandemic, the house is on fire.
The Main Street media needs to do its own reporting instead of repeating filter right wing bullshit

 

[christop]

Yep. Pure right wing fuckery. Trump totally blew up the deficit, and no one said shit. Unpaid tax break, crickets.
Now Biden helps out the average American during the pandemic, the house is on fire.
The Main Street media needs to do its own reporting instead of repeating filter right wing bullshit

Yeah I don't even think it matters we haven't made any progress since pre Reagan era really. People are far too dumb now. This country has 30-50 years left at best a crumbling empire.

 

[blackpepper]

Is it really Biden's spending tho? Did he get himself a new laptop, Lexus, iPhone, sofa, weed eater, refrigerator, or a pair of Nike? What did he buy that its really his spending? Asking for a friend.

 

[0utsyder]

Biden's stimulus?!?! I don't think I have gotten a THING from Biden!!! What has he been giving out?

 

[Mrfreddygoodbud]

My record is broken...I have fucked up so much...Police wait til backup arrives to even come to my window... especially in white counties... brah

I can imagine ...

hey listen bruh... you want to to fuck up a kkkops fuckin head... next time they ask for your i.d

say no problem policy officer...

can I have you name, badge number

AND SURETY BOND NUMBER aka INSURANCE NUMBER

in case you violate

my constitutional rights...

then watch the look on their face..

by law they have to give it to you....!!!

make sure you are recording them....

and watch what happens..

peep this and spread the word..



of course check YOUR state laws first!!

 

[mcguyver]

OP is a crying faggit.

 

[batmanobx]

"they give you a Hundred Dollars, and take back $99" . They have to get all of the stimulus money out of the economy. They are going to do what ever it takes to stop the redistribution of wealth in this country. What did you think $15.00 an hour burger flipper was going to do. Minimum wage is a false floor

 

[xfactor]

Biden has spent $1.9 trillion. Trump spent more than $6 trillion, last year alone;
how is the inflation Biden's fault if Trump is the one who poured in 75% of the
money?

You don’t know much about macroeconomics, do you?

 

[Rembrandt]

this post is stupid.

 

[Flawless]

If only OP's president had taken covid serious at first and not call it a hoax

 

[APOPHIS]

This will never happen. The US has not produced anything for 25 years.
The reason why there has not been any inflation is that its currency is the
world reserve currency, and however much of it is printed simply is sent
to the rest of the world where it spurs economic activity. The current state
of inflation is due to the breakdown in supply chains and nothing more.

You sound like AOC.

 

[lightbright]

@xfactor You called it.

CRACKERS ASSEMBLE !!!

.,

 

[doug777]

 

[darth frosty]

 

[xfactor]

They can gouge the prices because they know more money than ever is in circulation. That’s how the banking cartels work with its suppliers and distributors to keep the masses in perpetual debt. That’s why every citizen is born already close to $100k in debt

 

[xfactor]

Last time inflation was this high in the United States, the interest rate was raised to 20%. Right now, they are basically 0%.