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Author Topic: Producer Prices Up Record 6.6% Annually  (Read 621 times)

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Offline SeanJohnson

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Producer Prices Up Record 6.6% Annually
« on: June 15, 2021, 07:51:46 AM »
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    • https://www.foxbusiness.com/economy/producer-price-index-may-2021

    This means that as their costs increase , and they tack on margin to remain profitable, the price increase for consumers will be even more.

    In my area, an 8’ lumber 2x4 now goes for $9.  Last year they were $2.  Home prices will become unaffordable for anyone not making at least $200k/year.

    And it’s all planned to make you turn to your government for help.
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    Rom 5: 20 - "But where sin increased, grace abounded all the more."

    Offline SeanJohnson

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    Re: Producer Prices Up Record 6.6% Annually
    « Reply #1 on: June 15, 2021, 01:36:32 PM »
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    • Meanwhile, REAL current consumer inflation rate according to 1990 criteria is at 9%.

    Using 1980 criteria, current inflation would be at 13%.

    http://www.shadowstats.com/alternate_data/inflation-charts

    The government has "adjusted" inflation criteria 20 times since 1978, always with the effect of underreporting actual inflation rates.

    https://www.outsiderclub.com/report/three-ways-to-beat-inflation-gold-bitcoin-tips/1044
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    Offline Matthew

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    Re: Producer Prices Up Record 6.6% Annually
    « Reply #2 on: June 15, 2021, 03:32:57 PM »
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    • Obviously our debt-money system, started in 1913, is on its last legs.

    There is going to have to be a Reset of the system. A Great Reset, as it were.

    Again, there are things we can't predict unless we are friends with one of the bad guys, attend their meetings, etc.

    But some things CAN be predicted, using simple mathematics. The collapse of our current financial system for one. It is public information how much the government is borrowing each year. Note that it's going up exponentially. It's not just because Biden is a nasty democrat that he added $4 trillion to the debt. Before him, Trump set deficit records. Before him, it was Obama. See a pattern? Each president has to borrow twice or even 4x as much as his predecessor.

    And we can have certain knowledge as to how the system works. For example,  

    The National Debt = Number of dollars in existence.

    If the national debt could somehow be paid off, there wouldn't be a single dollar left in the country! Each dollar came into existence in an act of borrowing from the Federal Reserve.
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    Offline Tallinn Trad

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    Re: Producer Prices Up Record 6.6% Annually
    « Reply #3 on: June 16, 2021, 04:06:53 PM »
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    • It could be defaulted on.

    If you need America's raw materials you have to trade with it, even if it defaulted on its debts.

    It might be that many countries default at the same time.

    Since the debt is all in USD they can print their way out too.  Inflation will wreck the debt holders.  The people with the printing press can print 1 trillion and pay of the debt to China
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    Offline Viva Cristo Rey

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    Re: Producer Prices Up Record 6.6% Annually
    « Reply #4 on: June 17, 2021, 06:23:55 AM »
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    • The Democrats and Republicans who has dealings with China should be in prison for treason. All their assets should be seized and properties sold to pay off debt. Those in DC and the state governments need a pay cut until the nation gets back on its feet.  

    Warehouses, storages places and apartment units are being built in our area while China is exporting  more poisoned food and products into our country.  When does it end. 
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    Offline Romulus

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    Re: Producer Prices Up Record 6.6% Annually
    « Reply #5 on: June 17, 2021, 09:57:21 AM »
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    • Quote from: Viva Cristo Rey on June 17, 2021, 06:23:55 AM
    The Democrats and Republicans who has dealings with ƈhıną should be in prison for treason. All their assets should be seized and properties sold to pay off debt. Those in DC and the state governments need a pay cut until the nation gets back on its feet.  

    Warehouses, storages places and apartment units are being built in our area while ƈhıną is exporting  more poisoned food and products into our country.  When does it end.
    It is impossible to pay off the debt our nation owes. The entire system is corrupt and we would have to pay it out to the last dollar. Also with the seizing of property....that's stealing.
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    Offline Tallinn Trad

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    Re: Producer Prices Up Record 6.6% Annually
    « Reply #6 on: June 17, 2021, 02:00:32 PM »
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    • It's possible.  The debt is denominated in USD and the USA can simply print the dollars to pay for it.  There is no limit to what can be printed if you are ready to suck up the inflation.

    The foreign holders get their trillion dollars paid but it buys them 5% of the gold it bought before it was all printed.  Nothing much they can do about it really.  USA has nukes.

    The financial system assumes the USA would not do this, but plenty of assumptions in the past proved not to be true.

    No Catholic ever thought a Pope would worship a South American pagan idol on the Vatican lawn or claim other religions were redemptive or that we could hope hell was empty.  But he did.
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    Offline Romulus

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    Re: Producer Prices Up Record 6.6% Annually
    « Reply #7 on: June 17, 2021, 02:19:05 PM »
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    • Quote from: Tallinn Trad on June 17, 2021, 02:00:32 PM
    It's possible.  The debt is denominated in USD and the USA can simply print the dollars to pay for it.  There is no limit to what can be printed if you are ready to suck up the inflation.

    The foreign holders get their trillion dollars paid but it buys them 5% of the gold it bought before it was all printed.  Nothing much they can do about it really.  USA has ɳυƙҽs.

    The financial system assumes the USA would not do this, but plenty of assumptions in the past proved not to be true.

    No Catholic ever thought a Pope would worship a South American pagan idol on the Vatican lawn or claim other religions were redemptive or that we could hope hell was empty.  But he did.
    But every dollar that is printed just adds to the debt, we cant pay it off by printing more cash.
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    Offline Ladislaus

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    Re: Producer Prices Up Record 6.6% Annually
    « Reply #8 on: June 17, 2021, 02:19:42 PM »
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    • Quote from: Tallinn Trad on June 17, 2021, 02:00:32 PM
    No Catholic ever thought a Pope would worship a South American pagan idol on the Vatican lawn or claim other religions were redemptive or that we could hope hell was empty.  But he did.

    That's because "a Pope" did no such thing.   :laugh1:

    But, seriously, imagine if you could time-warp St. Pius X forward to our day and show him all these abominations:  from Koran-kissing, receiving the mark of Shiva, Buddhas on tabernacles, Amoris Laetitia, Pachamama worship in churches, religious liberty, interreligious services everywhere, "Youth Day" Woodstock festivals with barely-dressed teens fornicating on the lawn, and then baskets of "consecrated" bread picked off the same lawn the next morning, and you didn't tell him this was the Church, he would simply think it was a heretical sect.  So much for this having the "marks" or the "notes" of the Catholic Church, with these notes being defined as the attributes which allow the True Church to be identified.  Then if you told him these were Popes and this was the Church, he would immediately drop dead of horror.

    See, we've been poisoned by frog-boiling into becoming somewhat desensitized to this garbage, but a St. Pius X would not recognize this abomination as the Catholic Church, but, rather, the Whore of Babylon.
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    Offline Matto

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    Re: Producer Prices Up Record 6.6% Annually
    « Reply #9 on: June 17, 2021, 02:55:46 PM »
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    • Quote from: Romulus on June 17, 2021, 02:19:05 PM
    But every dollar that is printed just adds to the debt, we cant pay it off by printing more cash.
    Congress and the president could just tell the Fed to go to hell. They wont because they are bought, but they could do it if they were independent and wanted to.  
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    Offline Viva Cristo Rey

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    Re: Producer Prices Up Record 6.6% Annually
    « Reply #10 on: June 17, 2021, 10:12:22 PM »
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    • Quote from: Romulus on June 17, 2021, 09:57:21 AM
    It is impossible to pay off the debt our nation owes. The entire system is corrupt and we would have to pay it out to the last dollar. Also with the seizing of property....that's stealing.
    Actually , they did the stealing to obtain what they have.  
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